Hello, and welcome to another episode of The Markmas Show, where we talk about, of course, the decentralized revolution, how the world is changing, it's decentralizing, it's breaking apart. Of course, we're talking about deglobalization, all those things, and we look at it through the lens of politics, finance, and technology. And luckily for me, there's a lot to talk about because Whitman the thing, the world is changing super fast. For everybody else, it can be stressful. I get it.
I understand if you don't understand what's going on or where things are going and stressful, but we'll hopefully break through some of that today. I want to talk about, of course, I talk about the lens of politics, finance, and technology together. They all move together, and I believe that we have to look at those things in context. And I want to talk about something today. I want to talk about a new types of technology that are developing right now that will change both politics and finance.
And there's two pieces of technology. Really there's a third. We're gonna talk about two today that I am really excited for all throughout. His technology is what changes the world more than anything. It changes the way that we communicate changes the way we organize and changes the way that the politics works everything, And like I said, we have massive change today. And what I believe is that solutions are supposed to come to problems. That's the way
it's supposed to work. There's a big problem and then a piece of technology comes to solve that. But then it changes things. And that's what we're gonna talk about. So, like I said, there's two pieces of technology that I
am super excited about. You know, I got to a point where I was like, you know, the last hundred years, one hundred and twenty years, we had the invention of the automobile, and then we had space travel, and then we had personal computers, and then we have the Internet, and all these things happen, and it seemed like myself and maybe even a lot of other people kind of seem like technology sort of stalled out a little bit, like man, we've we've we've got all the technology games
we're gonna get Like now it's just going to be small, incremental, like what more can we do? But I've changed my mind on that, and I believe that the next five years are going to change more than we'll even know. And so there's two pieces of technology I want to talk about that really are super super important for today, but they're also they also help us understand what the heck is going on today. Now. Part of what's given me some of the context is I'm starting to read
a new book. The book is called The Revolt of the Public. Then the author is Martin Gurry. For a fun fact, I'm going to have him on the podcast next week. We're going to interview with him. So of course I'm reading his book, and The Revolt of the Public, if I'm going to summarize it real quick, is talking about how the public, you and I are revolting against authoritarians,
against leadership, against what he would call the center. So you have the center, which is the establishment, and then you have the fringe or what he calls the border. And what he's talking about is the revolt of the public. And the reason why is because what he's calling as technology. So all throughout history, as far back as we can go, those who want to control us, those who want power over us, have to control the flow of information, and they need to tell us the story. They need to
control that story. They need to control the narrative so that they can control what goes in our head and then ultimately control what we desire and what we don't desire. And they've done pretty well with that because up until about five hundred years ago, information didn't really move very freely. As a matter of fact, he talks about like five phases of information. Don't worry, we're gonna pass the information side.
I don't want to kind of frame this up for you, but there's like five phases of information, and of course it goes with spoken word, and then of course then there was a written text and there's different things. But it wasn't really until the fifteen hundreds, and actually the fourteen hundreds, to be exact, is when a new piece of technology was created. I talked about all the time. It was the Gutenberg printing press, and what that did.
At the time that the church and the state were basically telling the people what the Bible said, They were distorting the truth, they were creating misinformation, telling them lies about what the actual Bible said, what the document said, and they did that in order to control the people. But when the printing press came out, the first book
they started printing was the Bible. It was invented so they could produce the Bible, and they produced the Bible in mass, and as the people got the Bible, they started to read it directly, and they said, wait a minute, this isn't what our leaders have been telling us. They've been lying to us all a line. We don't need them, We don't have to do these things. We can have our own path to God. We don't have to follow that.
And so all of a sudden there was a revolt against this established order, the establishment, the combined church and state, who had been lying, who had been spreading misinformation were now found out. Now, of course, they didn't like that, and so they tried to they try to stop it. Right of course, so anybody who spoke out against that was labeled a heretic. It was called heresy, and it
was punishable by death. And the state, the establishment at the time, tried everything they could to stop that is that even punishable by death. But it didn't matter, because once the information was out there, once that genie was out of the bottle, it couldn't go back. They say, there's a no standing army is a match for a good idea whose time has come. And so once that
information has been out it didn't matter. And as a matter of fact, the more that the state tried to suppress that information, the more they tried to discredit people, suppress information, distort, manipulate, etc. And even kill. The more they did that, it just brought even more attention to what was going on. And of course that changed the world.
The state lost the power. We're in from a very centralized world to more of a decentralized world where everybody kind of spread out, went back into the farm and farm and cottage industry. Now, I want to frame that up because we're witnessing something else happening today, and this is what is framed up in this book, the Revolt of the public. And we're gonna get into the two technologies that are popping up because of this. But basically the revolt of the public is is a continuation of that.
So once the people surprise, surprise, Once the people can get their own information and can think for themselves, they don't want to be lied to and told what to do by some arbitrary power that has tried to establish themselves there, sobrise surprise. Right. So the goal of authoritarian is to try to control the flow of information. Now, what he's calling the roles of the public is that we have a new technology about five hundred years later
called the Internet. And what the Internet has done is for the first time allowed for massive amounts of information to be created, to be transferred. But it was also done as it's broken down authority structure. So in two thousand and one, So you know, it depends on where you want to pencil or put your finger on where the creation of the Internet was, but probably the dot com boom nineteen ninety nine and the dot com crash
two thousand. So kind of looking at two thousand, let's go one year past the two thousand dot com boom bust in two thousand and one, per the book, in two thousand and one is an amazing act. More information was created in two thousand and one than all of humanity before that. That's amazing. And two thousand and two saw it double. In two thousand and three saw it double again. And now we're on this exponential path of information.
Now information could be created instantly, it could be shared at the speed of light, and it could be shared with people all over the world, millions and millions of people with a push of a button. Now the problem is that the authoritarians, the governments, the leaders, the establishment, wants to pretend they want to put themselves up on a pedestal like they are the authority. We should only listen to them. The problem is that they tell us something.
And actually I believe it was called Cronkite Gate. Walter Kronkite, a famous newscaster. He put out a news story that wasn't accurate, and the people were able to pick that apart very quickly and discredit him, and that was kind of the fall of this, the start of this, this revolt.
And he goes on and talks about over and over and over how this has taken place, how the Arab spring, you know in the Middle East, how that fell, how revolt revolution happened in Iran, in Egypt, and it happens over and over because the government isn't able, the authoritarians aren't able to control the flow of information anymore. And now we don't have to listen to them as authorities. Now all of us are authorities and we can crowdsources information.
I see it all the time. I'll see somebody say something on Twitter and I'm like, oh, man, that's that's pretty good. That's pretty interesting. I didn't think about it like that, but then I read the comments down below, and everybody starts chiming in and picks it apart. Oh, and that's not right, that's not factually correct. Though. Here's the rebuttal, here's actually what happened, and it's crowdsources of that information, and we're breaking down those establishments and we're
now able to share this. That's the revolt of the public. So I kin't want to frame that up. And this is only going to continue. We're going to continue to see government lose power. The only way forward is the government. The government's going to have to realize they don't have the power any more. We're gonna have to see a massive shrinking of the government, and there's gonna have to be a new agreement between the public and the leaders.
It's the only way forward because you can't put this technology, you can't put the genie back in the bottle. Now. Of course they're gonna try, just like the Church did with the heretics and the heresy. They'll try the same thing, but there's new technologies that are popping up that will make it impossible. All right, Now, I gotta take a quick break. I'm gonna come back. I'm gonna tell you about the two technologies that are changing the world and you need to know about. Don't go away, I'm gonna
be right back. All right, welcome back. If you're just tune in, you're listening to the Mark Moss Show. We're talking about, of course, each week, the decentralized Revolution. Today I'm talking about two technologies that are happening that I'm really excited for, and they are decentralized technologies. Of course. Now we typically talk about bitcoin as a decentralized technology, but there's other types of decentralized technologies and they don't
always have to be blockchains. So we're gonna talk about that. And really we're gonna talk about open networks. So the difference of a closed network, a centralized network versus open networkord decentralized network. And we're going to talk about from an open monetary network and an open information network. Now, when I opened up, I was talking about this book I'm reading The Revolt of the Public and how all throughout history there's countless examples of how authoritarians try to
control information to control the people. But once information gets out there, they're just not able to do that, and of course it's getting harder and harder for them to do that. In the information age, as we all know, we're all on smartphones and connected on Twitter and social media, and of course that's why you hear things like the Twitter files where the governments are working directly with social media companies to censor us. But problems come to solutions.
So as those problems continue to mount, as the state continues to try to squeeze harder to hold us hostage, if you will, new technologies are being created. That's want to talk about. Now. If we look at recent decades, we can see that they've been primarily driven by closed systems, right, both information and monetary. We're going to look at both of those. And if you think about it, actually to go through a little bit of a philosophical level, money
is just information. My good friend Robert Breedlove has a podcast called What is Money, and he talks about what money is. And so a lot of people think they know what money is, but I've never really thought about it from a philosophical level. But money is just communication. Money communicates value. If I want to get this thing from you, you say, you want ten dollars, If I value that more than I value the ten dollars that I have, I will give you that money, and it
communicates that I value that. It's an exchange of value. So anyway, information money is information and it communicates value. So anyway, we've seen that. Basically, let's start with the financial system. So the financial system as we know it is a closed system. As a matter of fact, banks and brokerages operate as basically a permissioned ledger. So if you want to go to a bank account, you have to obviously get permissioned to fill out all types of
paperwork to do that. Opening accounts with institutions is a permissioned activity. They have to decide if they want to allow you to do that. Of course, even sending your own money from your own bank account to somebody else is also a permissioned activity, and they can decide if they want to allow you to move that money or not. What a lot of people found out is that the money in the bank is not your money, not legally. Legally,
the bank owes you the money. It's a big difference legally, which means they have the right to decide whether they want to transmit that money PayPal, Venmo, but even your own bank, I get stumped all the time. I get asked all the time by my bank do they want to allow me to send that wire? And those are
permissioned activities. We see that all the time now. The Internet also, it started out very open and decentralized, and a lot of people think the Internet still is decentralized, which most of it is, right, I mean, obviously we can publish stuff and share information across the Internet, but most of it has been consolidated and centralized into what would consider these sighs. Right. So Twitter has this big silo, Facebook, YouTube, LinkedIn,
things like that, and those are closed networks. So in order to join Facebook or LinkedIn or whatever, Twitter, I have to have permission. In order to use that, I have to have permission. All my activity is permission. If I say something that they don't like, then I lose permission, I lose my entire account. So all of that's permission, and even sending information between the platforms isn't even allowed, It's not even possible. But today we have new technologies
that are changing all that. This is a massive paradigm shift. We have open monetary protocols. Of course I talk about bitcoin right all the time. It's the emergence of a newer, open information protocol that we can transfer value. But then we also have other information protocols, and this is one I've talked about a little bit before, but I just contend to get more and more excited about and you
might have heard about. It's called noster in OSTR. And basically, between these open monetary protocols and open information protocols, it's challenging the state, just like the printing press challenge of state. Now the Internet tried to it started to challenge the state, which it already has, like I said, it's already been responsible for organizing revolutions in Iran and Egypt and so forth. But now the state's tried to figure out how to
grasp that. But today, with the monetary protocols, information protocols, it's going to challenge the state and they they're not going to stand a chance. Let's talk about this. So money, like I said, money has been closed source. You have to have permission. Now, about eight billion people in the world today and about two billion adults don't have access to banking either don't have access to it. They can't
afford it, or they don't have permission to join. Right, you have this global network of interconnected banks that allow you to send money, but if you don't have permission to join, you can't get into the finsive system. Or if you find yourself like Iran or Russia where you're sanctioned and kicked out of the financial system, you don't
have permission to operate. Now, we've seen all types of development technology happening supposedly all these fintech companies, and what they've done is developed layers on top of traditional banking rails. And so again you have Venmo or cash app or something like that. But Venmo connects to your credit card, which connects to your bank. Right, So it's an app and it's cool and it makes it easier whatever to send money back and forth. But the reality is it
just still works on top of the banking layer all right. Now, like I said, it makes it easier, makes it faster, but it doesn't change anything. It's still the same permission bank account. Now, when you want to get outside of that permissioned area can become a real big problem. So, for example, try sending money to another country that use a different siloed money system. So send money to El Salvador.
See what happens that works. Especially, try it with a very small transaction, and you'll find out most times it's probably not worth it because of the high percentage of fees that people will pay. According to the World Bank, the average fee percentage on a remittance payment, so that's sending money to somebody else in another country, is six and a half percent. Now, if you're doing it directly to banks, the fee percentage is usually about twelve percent.
It's a big chunk. It's a real big chunk. And what we also saw from that same report, seventy six percent of people have an account at a bank, So that means whatever. Twenty five percent of people don't. They don't have an account at the bank. They're not in the global financial system. Now, I've often said that this phone, the smartphone, is like the great equalizer. If you have access to a smartphone, you have access to the internet. You can learn anything, you can meet anyone, you can
do anything. You can be a kid with an Instagram account, make a hundregranm. But not not if you're allowed, not allowed to be in the financial system. You have to be in the financial system, otherwise you have no chance. Now, a lot of people aren't really aware of this from a global perspective. A lot of people approaches from a very US centric viewpoint. But think about it like this, what about all the refugees that are fleeing Ukraine, or
have fled Syria, or they've fled Venezuela. What about all those people they've left? You know, they have war torn regions, they don't have IDs, they don't even have a path to get an ID. Their country's gone. They can't even go home and get an ID. So what are they going to do? How are they going to join the financial system? Of course, the answer is they won't. However, those same people they don't have an ID, they won't have permission to open a bank account, but they have
a smartphone. As a matter of fact, over eighty six percent of people in the world today have a smartphone. Seven point one billion people have a smart phone globally. And that is what will change things. If you're just tune in its into the Markmas show. We're talking about the decentralized revolution. I'm talking about two technologies today that I think are going to change the world. More than
anybody realizes that it's going to happen much faster. I think in the next five years, the world's gonna look a lot different the decentralized Revolution as what we're talking about. I want to continue to talk about these two different types of technologies, how they're going to change, and what you need to know to take advantage of them and not get wiped out. So I'm gonna be back with all that a minute. I gotta take a quick break, will be right back. Don't go away, all right, Welcome back.
If you're just tune in, you're listening to the Mark Moss Show. We're talking about, of course each week, the decentralized Revolution. Today I'm talking about two different pieces of technology that are decentralizing the world. It's going to make it impossible for the leaders, the governments, the states to continue to centralize power. It's always technology that changes things. We're talking about that. If you missed it, don't worry,
go catch it on the podcast. Just search the Mark Moss Show on your favorite podcast, or just go to YouTube and search Market Disruptors and you can find you can watch me listen to me at the same time. Now we're talking about this, and we're talking about how if you think about think about the world globally, all right, you have to think think globally. If you're gonna make it, you gotta think globally, because we're moving too this decentralized revolution.
And if you understand technology, you understand like in the United States, the Internet grew really fast because we had this wired telephone system, and then the Internet was able to work off of that Internet that wired telephone system. If you remember the old days of the Internet, it was a dial up, right, and it worked on the phone system. But then you had nations like Africa that leapfrog passed the US. They didn't have wired they went
straight to wire lists. And so that's we have to understand the global perspective, the global picture, and so sort of the same thing. If we're looking at it from a very US centric viewpoint. We have this US banking system and that works really well. What do we need what do we need a solution for that for? But in other nations across the world, they have big problems and they're leapfrogging past our existing system and building up
a new system. So, like I was saying, if we think if we think about this globally, we have you know, all these refugees from all over the world. They don't have IDs, they don't have a path to get ideas, and because of that, they won't be able to get bank accounts. They won't be able to participate in the global financial system. But seventy six, sorry was the percentage. But they have smartphones. They have smartphones. Now, if you have a smartphone, then you can participate. We're gonna talk
about that in a second. But just for some other numbers, if we look at some areas like Nigeria, for example, only forty five people have forty percent of the people have a bank account. In Palestine only thirty four percent of people have a bank account. That means they can't participate in this global marketplace now. According to the World Bank, also seventy five countries still have restrictions on women's rights
to manage assets. So all you feminists and women's rights out there, seventy five countries in the world today still don't allow women to have assets. Why they don't have permission? Getting the point here, the authoritarians the Nation States, they want to control everything, and they want to control who has permission. Seventy five countries don't allow women to have permission over their money. Now, like I said, a lot of people aren't really aware of these situations where I
want to kind of bring this up. But all of these people have access to smartphones. Now, from a you know, society level, you might go, well, you know, there are some people we don't want to have bank accounts. I guess, right, like some people might you know, we should probably shut them off. Like we can see back through history companies
that have been d banked Operation choke Point. Under the Obama administration, they started shutting down legal operations access to banking, you know, if they did online gambling or gun stores, things like that. We saw Wiki leaks. Wiki leaks was shut down from its payment processor. If you were protesting in Canada, for example, under the Trucker protest, you got your bank account shutdown. And you can see that if
you just do the wrong thing. Now, they were doing some supposedly something that was constitution protected, such as the right to assemble, and people donated money to a go fund me and their accounts frozen. So you have to understand, yeah, you always want to stay open to this because even though you might like a law or a policy going into effect, you have to think about how it could be used against you, because unfortunately, once that law goes
into place, it could be used against you. And the world so divided, there's always going to be somebody on the other side of the aisle from you. Now, if we look at that, like, how does that affect you in the United States, Well, it's happening in the United States, But look at it again from a global perspective. We can see that there's billions of people, about three billion people live under harsh authoritarian countries and that number is
growing by the day. And so if we had something like open source money, which of course we do, that could potentially fix it. We have this open source monetary network, it's called Bitcoin. It's been around about fourteen years, and it's open. And what that means is it's open, it's borderless, it's permission less. You don't need permission, you don't need an ID. Anybody with a smartphone, which eighty six percent of the world has one, could download an app and
instantly receive payments and it works borderless. I can now send money, I can send it remances anywhere in the world, instantaneous and for free, without permission, without an eleven percent fee from the bank, but more importantly without permission. That's the thing. If you have to ask for permission to do anything, are you really free? So now we have this open source network, we can do payments, we can save our money, and anybody with an Internet connection has
access to doing this without having a permission. If we look at a closed monetary network, again, our existing banking system, the Federal Reserve system, it's set up in a hierarchy way, right, So basically, if you want to open up a bank or be involved in banking or money transmission, you have to get permission. You see that there's these problems. It's hard to move money. So you want to create a solution. I have a new technology, I have an app, I have any way we can do this. You have to
go to the banking system and get permission. And of course, if it's going to do anything to take away their ability to sense to art you, then they won't approve it. That's what happens all the time. As a matter of fact, I had Caitlyn Long on the show. If you haven't listened to that podcast with Caiten Long. You should definitely check it out. Just go back on the podcast and search Mark Moss Caitlyn Long, or you can go on my main YouTube channel, Mark Moss and listen to an interview.
Got one hundreds thousands views. Was amazing. But she's tried to set up a bank called Custodia Bank, and it's a it's a novel idea. It would be a bank that would actually hold your money. So you understand today in this banking crisis that the banks don't have your money, that's why they're going bust. If the bank had your money available for withdraw there wouldn't be a problem. The Fed wouldn't have to come in and backstop the deposits.
Put of course, the banks don't. So she had this great idea where, hey, how about we start a bank that actually holds your money. Bright idea, and guess what the Fed said, No, nope, you don't have permission to do that. You don't have a permission to create a bank that holds people's money and removes all the risk.
Why would they do that, Well, the answer is they knew that if there was a bank that would hold people's money, then everybody would want to put their money there, and it would drain all the liquid from the financial system because everybody would want that. That's the ways competition is supposed to work. It always creates better service, better products,
better prices when we can compete against each other. But of course to the authoritarians, to the state, they don't want to allow that competition, and so they shut her down. Now let's jump off of the monetary side and let's jump over to the social media side, the information side. So we see the same thing. Right, Like I said earlier, kind of on on surface, the Internet seems pretty decentralized. I could write something and post it, but I would
have to post it somewhere someone could see it. So then that goes back to this kind of centralized, these closed silos. If you will, I'll post it on Medium, or I'll post it on sub stack if it's an article, but that's their sandbox. I could post it on Twitter or Facebook or Instagram, but that's their sandbox, right, it's controlled. They decide what goes on there, what comes down, what doesn't, and so it's basically consolidated. All these people, all these
used into big pools. The other thing, as I was saying, earlier that you can't communicate from one silo to the next. So like a Twitter user can't send a message to a Facebook user, a LinkedIn user can't bring their followers over to a Twitter account, right because they're all siloed. Now, from a corporation's perspective, if your Twitter or your Facebook, etc. They would argue that they have to be able to remove a legal activity or spam, and you know, they
want to comply with laws. Now. Of course, this is something we've argued many times. Section two thirty is supposed to insulate them from those laws if they keep an open network. From a government's perspective, they realize that, you know, people may say mean things online, so they want to they want to be able to cut people off to
prevent public outrage. That's ultimate comes down to. If you're just tuning in you're listening to the Mark Mos Show, I'm talking about two technologies that are changing the world. That's going to change the world really really really fast. Of course, like I said, it's always technology to change in the world, and it's two different types of open
source networks, monetary and information. I'm gonna continue to explain how this breaks down and then we're talking about how you can use them, how you can take advantage of them, where this goes, how you can protect yourself. I got a whole lot to cover in just a short period of time left with you. So I'm gonna take a quick break just for a second. I'll be right back. Don't go away, all right, Welcome back. If you're just tune in, you're listening to the Mark Moas Show. We're
talking about two technologies that are changing the world. Open source monetary networks, which is bitcoin. We're talking about open source information networks that are being built on Noster. All right. So as we're talking about now, I was talking about how if we look at this from different different perspectives, we start to understand who maybe against this and why, And like I said, you know, from a government government's perspective,
they need to control the flow of information. I started out talking about this book I'm reading called The Revolt of the Public, and how as the people, as the public get information, we start to realize that everything we've been told is a lie and we revolt. That's what that's we're talking about. So the government wants to control
that right. They want to be able to demand. They want to be able to take down information that's inconvenient to them, that doesn't fit their you know, preferred narrative of course. Uh, you know the military industrial complex. It's been around for decades. They want to continue to have this effort for war so they can continue to extract more money. And we can see this in real time
in many examples. India, a very large country, has a has a very established track record of telling Twitter, YouTube and other platforms to remove information. There's just there's countless stories of government abuses where they're trying to control the flow of information. So let's talk more about these different technologies that we have and how they can be used.
So this new technology that we have, noster, it's pretty amazing. Basically, what it is, it's a decentralized network that allows users to share information over them. Now, it's not a blockchain, all right, it's a decentralized network. We don't need a blockchain for everything, we don't need a token for everything. And a matter of fact, we've had these decentralized networks
for a long time. You guys might remember Napster or like BitTorrent, where you could download software, music, movies, things like that. That was all decentralized. It was censorship resistant. The governments couldn't shut it down. But yet we didn't need a blockchain for that. We're gonna talk more about that in a minute. But basically, the way that this noster is working is it sets up the series of relays, and these relays sort of like back to BitTorrent or napster.
All these computers had little pieces of files on them and you could download them. This is a little bit different. You have all these computers that are relays and will relay the information. Now it's a protocol that allows for this transfer information. On top of this protocol, we then have applications of how we can use that protocol. So for example, let me let me let me give an example so you can understand this a little bit better. Technology scales and layers. So the base layer of the
Internet is tcp IP. That's the Internet that allows packets of information to be exchanged from computer to computer. Well, then we wanted something like email, So then there's a second layer that's added on top of that called SMTP. If you set your email, you know that. Then we want security in our websites. Then we create HTTPS, right, and we start creating these different layers on top of that. But let's go back just to the email for example. So SMTP is a protocol that routes email, and that
is a very decentralized network. But how do I access my email? Well, I could use different applications, different programs. I could use Gmail to do my email. I could use Hotmail, I could use mail Chimp. I could be more privacy centric, I could use proton Mail. And so I could use which email Outlook I could use. I could choose which client, which application I want to manage my email. Now, if I'm using my email on Gmail or Outlook or whatever, and I decide I don't like
Outlook anymore. I don't like Gmail gmails now scanning all my emails, I don't like that one more privacy. So I'm going to go to proton I take all my emails with me. Right, So that's the thing. I own my emails, I own that list, my email list, and I can take it with me from Gmail to proton Mail. Also, proton Mail can speak to Gmail or Hotmail or Outlook. So the email, the SMTP is a decentralized protocol. The clients or the applications Gmail, Hotmail, proton Mail can be
changed out interoperably. I can go from one to the next, keeping my list and they can communicate next to each other. That's what we're talking about. So Noster is a communication protocol that allows transfer information. Then we can build applications on top of that. So for example, there's one called damis right now, and it's basically like a Twitter client.
So you can download damis from the Apple Store. It looks like it looks basically like Twitter, and now users can share information just like on Twitter, but instead of going through a centralized silo like Twitter, it's going over this decentralized Noster protocol. But it's even more important than that because now there's several there's I don't know, there's eight or ten different ones competing with damis right now that give you kind of this same look and feel
of like a Twitter client. Now let's say that I'm using damis for my Twitter experience. But then they want to start charging me a fee, or they want to start censoring me or whatever. I can just leave and take my entire social media following to the next competitor. I'm no longer held captive by Twitter, just like I'm no longer held captive by Gmail or Hotmail or out look.
Now it gets even better than that. So now I can have like a Twitter client sitting on top of a noster, and then I could create like a Telegram one or a YouTube version or something like that, and they can communicate back and forth to each other. So now I could share information from my Twitter client to my Telegram or my YouTube client. It's important to understand why this is going to be so big. One for the one, I mean, just the easy one to understand
is that this is a decentralized, open protocol. That means I do not need permission to join Twitter, YouTube, Facebook. They don't. Nobody gives me infermistion I join. If one of them wants to censor me or charge me, I can just move to the next. What that does is that creates competition. We get better service, products and prices. When we have competition, we'll get more features things like that. It also allows other technologies that are already peer to
peer to flourish more. So, for example, we can do file sharing peer to peer. We can do video calls. We don't need zoom. There's an app called keat. Now k eet that allows us to go peer to peer video conference, peer to peer, not going through Zoom servers that are supposedly going through China servers. We can go peer to peer using something like keat, and it all uses this open source relay model. Now what happens when
you put those two together. So now you've got this open source communication protocol, and now we have Bitcoin, which is an open source monetary protocol. And now they work together. So now using Noster and Bitcoin, we can move information and money, which is also information, seamlessly and decentralized. Anybody in the world with a smartphone can join the global information network, the global monetary network, and can transfer information and money at the speed of light for free, almost
for free, without anybody's ability to censor it. What does that do for communication? What does that do for financial systems? What does that do for humanity? It's pretty amazing. Now it's important to understand that this isn't some Web three blockchain. You don't need that. Blockchains are used to achieve global consensus. Bitcoin needs that. We want to have global consensus. We want the network to tell us where the money is, who has it, and if I send money to you,
everybody has to agree I sent money to you. But we don't need global consensus for our messages. We don't need global consensus for our email. We wouldn't want that. And so this is using the best of both worlds. It's showing the world that we don't need a blockchain for everything. But more importantly, opening up our monetary networks and opening up our communication networks is going to change the world because the governments are no longer going to
be able to control the narrative. Back to the where I started reading this book, The Revolt of the Public. Go read the book. It's an amazing book, or just go on to a chat GBT and ask it to give you a summary. Read the book, but you'll understand that it's always the people having the power, which is information that breaks the grip of the authoritarians. And so no matter how hard they continue to squeeze, they're not going to be able to stop the decentralized revolution that's happening.
If you're just tune in, you're listening to the Mark Mos Show. Of course we talk about the decentralized revolution each and every week from the lens of politics. Finance and technology. Typically, we talked about it from a very bitcoin centric, decentralized world, and now we're talking about other technologies that are happening. The world's changing. It's exciting, so let's enjoy it. That's what I got. Thanks for listening.