YouSaid · the spoken record

Mark Moss

lines on the record: 65
first: 2022-01-26
most recent: 2022-01-26
sittings or episodes: 1
sources: podcast

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“My goal this year was to try to lower how much time I spent on Twitter, but you can find me on Twitter at oneMark Moss as well.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Best way to catch up everything is just my website onemarkmoss.com. That's the number one. As of October, I'm a nationally syndicated radio host on the iHeartRadio network. So I broadcast nationwide and I try to get my radio voice like Preston on there. So we're broadcasting nationwide, which is pretty cool. The world's loving it. The audience is loving it. So that's great. I make a couple teaching videos per week on my YouTube channel breaking down these complex subjects. And so that's it. Check out my website for more or check me out on the radio or my YouTube channel, Mark Moss. And I'm pretty active on Twitter, more active than I should be.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Friction there. And so we don't want Dave and Buster cards. We want tokens and cards everywhere we go. We just want one. And so I think, you know, from that perspective, it's pretty compelling why one base chain is probably all that we need.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And the reason why is because the more basic it is, a flat table, I could build almost anything on. The more complex that base layer is, the less options I have to build on top of it. So we want something slow and dumb, if you will, basic. So we have unlimited optionality on top of it. And then we make trade-offs for whatever we want on top of it. One, yeah, not everything needs to be decentralized, but the things that do, I think, all end up being built on one blockchain. And I think a couple other things I think one, if you understand how business works understanding Bitcoin's difficult because you have to know all these different disciplines. In business, my goal is to get customers. And one of the main goals to getting customers is to lower or remove the friction, make it as easy as possible to do business with me. So if I'm in Dave and Buster's and I got five minutes before I have to meet somebody, shoot, I could play one of these video games. Oh, I got to go stand in line and I got to buy that card and I got to put 20 bucks on it. Like I'm not going to do that. I won't play. Right. So there's.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Me a TCP IP protocol maximalist. We just only needed one. There's trillions of ways that you can play that. And so I kind of look at it as if we have Bitcoin, which is the value transfer protocol, we just need one, right? We need one. And there can be, I guess, trillions of different applications built on top of it, each one making a different trade-off at different levels for people that want those different things. I went on the Monero talk show and tried to debate those guys with Monero. I'm not okay with the trade-offs that Monero has made. So for example, I want to verify the amount of Bitcoin on the network. Monero's privacy doesn't allow me to do that. I have to trust them now. Well, I don't like that. I don't like that trade-off. They could make that on layer two and people that are okay with that trade-off could opt into that. But they've made that option on layer one. And so I think that we need one layer one, which is hard. And it's kind of dumb. It's kind of dumb. It's kind of slow.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Not everything needs to be censorship resistant. So money does, but why does my video game need to be decentralized and immutable? I don't understand, and I saw there's somebody now building video games on the Bitcoin blockchain, but why? Why does the Bitcoin blockchain? I don't understand that. So anyway, back to the question that you asked. I got this from somebody else. I heard it somewhere. I don't know where I got it from. But it was basically saying if you understand how technology works, and you can look at the monetary system with the base settlement layer of gold and then layer two paper money and all the layers on top, or you look at the internet, so the internet's a layered system. So you have the TCP IP protocol that transfers information via packets across it, and then you build all the layers on top of it. So there's the TCP IP layer. And then we have trillions of dollars of value and trillions of applications built on top of it, my personal website, Amazon or Zoom, all those different applications, but they only use one protocol. So does that make”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And also, every single video game looks different. It's a completely different graphic. It's built on a different set of code. It runs on a different console or whatever it may be. And so how could one item go into another game and look exactly the same and like, maybe that'll be solved someday. I mean, I saw the movie Ready Player One. Maybe that's what the world looks like in, what was that 2040 or something like that? So maybe that's what the world looks like. And maybe there will be those NFTs in there.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think where it could get interesting maybe in the future is if you're playing a video game, and again, I'm not a video gamer, but I have kids and their friends, they play these video games and they play for a long time and they earn things in the game, right? So they skins for their gun or they buy things. And so I guess maybe they should have a way where they could own that and then maybe sell those things to other people. I mean, that kind of makes sense. And those could be NFTs. But again,”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I see a world where assets are tokenized. I mean, it's And so, whether it's a baseball card, a stamp, a coin, a Pokemon cart, or a JPEG, it's the same thing. That's not revolutionary. And so, to me, I'm not that interested. I don't understand why a lot of Bitcoiners are really upset about that. So, you know, if I'm a musician and I'm selling my, you know, to my fan club, my collectibles, and I want to sell them a JPEG, I mean, I don't know what that has to do with Bitcoin. I don't know anybody's mad about that, but something that's already been done, there's nothing revolutionary about that, in my opinion.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Talking about F. Right. But they would be. Well, if it was like whatever, a thousand shares of Tesla stock, each one of those would be fungible. And back to the real estate, those would be fungible. That's why I don't understand why they're calling them non-fungible. If it was one token for one house, okay, sure, that one house is not fungible with another house. But they're talking about tokenizing the house. So all of those tokens would be fungible within that”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and like, you know, there's the famous Dole Foods case where they found out there was 30% more shares issued than there were owners. And so it's a much better model, 100%. And I think that it should go that way.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It doesn't change anything. We still have an investor that builds a building. He still tokenizes it or turns it into shares or into a REIT. Me as a person across the country can still buy a share or a token in that project. Yes, because it's more liquid, the value goes up. So you kind of have like this. So yeah, so it's more liquid, the value goes up, but it's not changing the world. There's no revolution there. I don't know. That's what I'd say about that. And I would also say the same thing about the stocks, right? So if I own a share of Tesla stock and I own it through my e-trade account. But let's say that e-trade puts it on a blockchain. And so I still own Tesla through e-trade, but now it's on a blockchain. What difference does it make? I still own Tesla. Now I don't own Tesla, but I'm just saying if I owned a stock. Now, I get it. I understand the way the stock market works. And there's six different people in between me and the issuer. And so the customer.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, I think if we talk about tokenizing the world, so tokenizing real estate, and it adds a bunch of liquidity, and the average guy could buy one token in a piece of Manhattan real estate or something like that. And I mean, sure, I think that sounds okay, but it doesn't sound revolutionary in the sense that we'll change the world, not like a technological revolution, because I can already own a share of a building in Manhattan today. Now, if I can own a token instead of a share and it's easier for me to sell it, like that's cool and it increases the liquidity because it's easier. I get that.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Also, talking about they want to invite me to this web presentation to show me how to make money with NFTs, and they were going to show me how to take NFTs and put them into real estate, tokenized real estate with NFTs. Well, first of all, if I took a piece of real estate and made 100 tokens or 1,000 tokens, wouldn't all those tokens be fungible, not non-fundible? First of all, I think they understand what NFT is. That's kind of funny.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Trading options on Robin Hood. And they're, I mean, they're not into girls, they're just into trading NFTs or whatever, crypto. It's crazy. And, like, I want to get her kind of involved in what I'm doing, but dude, like the best way to make money is to go trade that crap. And it's like, that's just a state of where the world is. But I'd say a couple things. So I was in Art Basil week in Miami about a month ago. And there was like all these NFTs everywhere. And I went to this one event and I met this guy and he's like, oh, Mark, I'm a big fan of your channel. Come here. I want to talk to you about my project. I'm like, okay, what is it? He's like, well, we do NFTs on real estate. I'm like, okay, I've been a real estate investor my whole career. Tell me more. And he said, well, we're doing is we take a piece of real estate and then we tokenize it with a bunch of NFTs. And then like anybody here could buy one of the NFTs, which represents ownership in the property. Okay. So is that kind of like when I own a piece of real estate in an LLC and anyone can buy a share? Yeah. So it's the same thing that we're already doing, but you're just calling it something different. So I think there's a lot of, I guess, snake oil could be a word, right? Where we're using these hyped up words, but they don't really mean anything. I got an email earlier today.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think people are realizing that. It's just a bunch of nonsense. And I think what I'm seeing is that we have the information side, but also I think technology is moving so fast that it's not only making the nation state obsolete, but it's also making them look irrelevant. And so I think it was two or three months ago, I saw in Europe, the ECB was talking about passing a law where you couldn't make anonymous crypto wallets anymore. And it's like, really? Because I could plug in my wallet right now and make 100. Okay. And like, you know, there were some senators here in the US talking about banning 3D printed guns. Really? Because that's like code that I could just like know in my head. Even saying that you're going to ban it, it just makes you look ridiculous, right? And so.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Leave it there. It's like a penny and a half. Like 1.5 cents per Kilowatt hour. And I'm like, How can you get it for 1.5 cents? Well, they built this whole plant and nobody's using electricity. That's right. So Bitcoin seeks that out. Bitcoin is not competing. It's not taking energy that's being used by anything else.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You're not mine in there. So you're not taking power that's being used. If it's 40 cents in California, where could you go get it for three cents? Somewhere that there's more supply than demand, somewhere where it's making a lot of electricity nobody's using it. So Bitcoin goes to those areas where nobody's using the electricity. I was talking to Witt, the CEO of Compass Mining, and they were talking about a new facility they're trying to open up, I think down in Paraguay or something. There's a new dam that got set up and there's just nobody buying the electricity. And he said that I don't even know why she's saying this, but.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That doesn't even tell the whole story, right? Because Bitcoin mining, in order to be profitable, you have to be probably under five cents a watt to be super competitive, you're probably at under three cents a watt. Well, in California, in the summer, at the top tier, we're paying 40 cents a kilowatt hour. 40 cents. So you can't mine. You're not mining in there.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And so, like these outlandish headlines I saw going around today, a bunch of people reposted. I think I reposted too. The World Economic Forum said in 2017 that Bitcoin would consume more energy than the rest of the world, right? And I mean, it's like less than 1%.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Crazy. And so while they're trying to control the narrative, I just don't think people are falling for it that much anymore.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And this kind of goes back again to the printing press and the internet. And so the printing press, right, the church tried to control that information, but they just couldn't. No matter how many people died, they couldn't stop it. Today we have Joe Rogan getting hundreds of millions of listens, and then CNN's getting like a few hundred thousand.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, yeah, I think there's going to be that posturing. And I think, like you said, the ESG narrative is starting to crack. There was something I saw today and I didn't write it down who it was. But they were saying this whole thing about ESG narratives in Canada on the oil fields and you're trying to take money from productive companies and put it in technologies that don't work. It's going to ruin everything It's crazy. And so it's breaking, it's cracking. I'm not really worried about the government kind of cracking down on POW because of that.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Not to get into super deep into politics, but when Trump went to Davos, he said, the United States is a sovereign nation. We're willing to work with other countries, but we won't lay down our sovereignty. But, you know, I don't know if Biden would necessarily take that stance. And so if the World Economic Forum, if the global power is trying to pressure the United States into this energy narrative, maybe there's some problem there. But I think, like I said, with the entrenchment we have in the with the financial system, with the senators in Congressmen, and then, of course, with the SEC Gary Gensler, I mean, he seems to be pretty pro Bitcoin at this point. I think he's changed his tune even. Last comment I seen from him, he said, I think he said pretty much any token that isn't Bitcoin, even including Ethereum is probably a security. I think that's what he said, probably a security.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Run on like a Bitcoin platform. And so I think there would be this massive pushback both from the financial industry and politicians if they tried to go against proof of work or Bitcoin for that matter. I think there was it 25 million Americans own Bitcoin, I think some number like that. So there'd be a massive outrage there as well. And I also think that between the Fed and the government, they've spent $8 trillion trying to prop up the markets in the last 24 months, trying to keep them from crashing. If they made it, if they banned it or made it illegal, I mean, they would just wipe the entire economy out. So I don't think they want to do that. So that's the way I look at it. What scares me a little bit is with POS, what we're really starting to see is we're starting to see a lot of entrenchment from the WEF World Economic Forum into some of these proof of stake companies like Ethereum, for example. And so it seems like the World Campaign of Forum is much more influential in the world than the United States is.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Well, I think from a political standpoint, there's two different things I'm seeing. One is that I think Bitcoin has reached a level of entrenchment, not just in the political system in the United States, but also in the financial system in the United States, that I think it's past the point of no return. So the political system in the United States is mainly driven by lobbyists, right? They're the ones that write the bills and send them to get co-authored or whatever. And so who are the big lobby groups? Well, the financial industry. And most of the financial industry at this point has built out Bitcoin products, right? They've probably spent collectively, I would guess, billions of dollars to build out Bitcoin desks and Bitcoin products. And they're the ones lobbying. And so if there was a bill that would come under attack to shut Bitcoin down in proof of work for that matter, would come under heavy fire. We have a number, probably at least two dozen senators and congressmen that are Bitcoiners, known Bitcoiners. And now we're starting to see with midterms coming up this year. We're starting to see lots of people starting to”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Now, and they're hiding behind safety, but the numbers don't support that. And so I think that kind of discredits their whole narrative.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“On climate change and then have them basically lay down their sovereignty in the amount of energy and the types of energy that they use. And of course, I draw blank what he said, control the food, you control the people, control the money, control the continent, control the energy, control the world. So those are the three attack vectors, right? Food, money, and energy. As he said, control energy control the world. So if they can control this energy policy, then they can start to control the world. And I think that's really what it's about more than really trying to save the climate. We know that pretty evidently, one, the monetary policy, like Booth said, but I mean, just look at nuclear. If they really wanted zero carbon energy, nuclear is zero carbon energy with about the size of a baseball, you could run a whole city of nuclear. But in order to get windmills or solar, you got to dig out an entire nation. And so if they really wanted it, they would be using solutions that we know are better, right?”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and she crushed it. And it's like, it's not really about trying to save the environment. First of all, and this is probably going to kick the hornet's nest. We don't need to go there. I'm not a professional or scientist, but there's a conversation that should be had that the whole basis of their argument needs to be discussed in the first place. So is carbon really bad? I think there's a whole conversation that we had around that. I'm not really prepared to have that. There's people that are prepared and have listened to them. So there's that. In regards to kind of what she just said, right? It's like, I think it's more about trying to control the system. We're at peak centralization. So they're trying to get as much power and control of everything they can. And back to kind of the structure of this world, and you can't get any governments to agree on anything. Well, how can they get control of the whole world? They can't take control of every government. What they could do is get every government to buy in to a narrow.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Oh, yeah. I mean, I love that. I love that angle. It's exactly right. So you create this inflationary monetary system that causes consumers buying and purchasing. Products today are made cheap, right? They're made to be thrown away, et cetera. So we have all this consumerism, all this waste, but then you're trying at the same time to then limit that through ESG. So you're trying to basically hamstrain companies by extracting money out of them to get them to produce less. So you're getting them to produce more with the monetary system and then tax them at the same time. He's absolutely right. It's a genius way to look at it and I would agree with that. But I think it's not really, I mean, and again, I hate to get into this side of it, but if we want to wade into that into the deep end a little bit, I think most of it isn't really about trying to save the environment. Lynn Alden put out a pretty fire tweet thread, I think, yesterday or day before.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“The bank call it. We shut the banks down. And so if we had this attack, if we had this war, a cyber war, if the banking system, the financial system was attacked, they went onto a bank holiday, they put it in their papers. I'm not making it up. But if that were to happen and it creates all this problem, well, it was their fault. We didn't mean to crash the system. The system was going fine. We had everything going great. So war, I think, is a great cover for it, whether it's the virus war we're fighting now, whether it's the cyber war that they're positioning right now. Of course, and then there's the climate war, which is next.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And they're starting to say that Russia, right, they've been saying for the last two years Russia messed with the elections. Russia's interfering. They're in the cyber warfare. Was it today, I think, Biden came out and said that he thinks that Russia is going to continue to do the cyber attack on us. And so we've seen them talking about Klaus Schwab made this video. He said the internet has a virus. And we need to treat this virus. We need to be able to shut the internet down if we need to to repair this virus. And they're starting to kind of position for these like global IDs. The internet's not safe anymore. People like you who may use the internet anonymously are putting it in danger. And so about, was it a couple weeks ago, they started saying that the treasury and some of the financial institutions, they actually were running a game, war games on, if the financial institutions were to get attacked by a cyber attack, what they would do. So they ran this war game. What do you think the solution was in the war game if they had this attack on the financial system? It was a bank holiday.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“What if they want to just, oh, that didn't work? Sorry. And so, how could they cover that up? So again, they're calling for it, not me. Those are their words. But war. So typically war comes after the financial crisis happens, not before. War comes after. And so we're in a war. We're in Klauschwab two days ago said we're in a war against the virus. We're in a war against the virus, he says, which we are. What is the nature? The world's gone under $20 trillion of debt in the last 24 months $20 trillion we spent fighting this war, supposedly. The next war that they're positioning for, I mean, now there's literally war almost with Russia, what's going on in Ukraine over there right now. But really what I'm starting to see with that war isn't like the shooting war, which I think most people are looking at, a hot war. The wars are fought over information and money. And so what they're really starting to seed is this cyber war.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“They said they're calling for a Bretton Woods, they're calling for a whole new monetary standard, a whole new monetary system. I don't know. I can't pretend to know what's in a man's heart or in a man's mind. And that's the part of the problem. We don't know what Jerome Powell or the IMF is going to do anymore. But they're calling for a reset of the system. And so. Everything that I seem to think of and what you were kind of saying as well is like that's assuming that they're trying to want to keep the game going, but what if they don't?”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Back to that bundle Fleming trilemma that I said about China, where they had to stop the free flow of capital. What happens is the reason why is if enough people leave, then their monetary and interest rate policies don't affect that many people. If we were having a party and I was like, hey, whatever, stop doing that. You're too noisy. And I started kicking everybody out of the party. Eventually, I'm the only one at the party. And they've all started their own party over there. And I think that's why I see it, just more and more people. I think the Fed will continue to print more money. I think all the governments of the world will continue to print more money. And in the US, they said it's 7% inflation. It's probably 15% inflation. Maybe that's not too bad. But if you're in Venezuela, 2,500%, it is bad. And you're looking for an alternative. If you're in Turkey, you're looking for an alternative. At some point, the heat gets hot enough. At some point, the water is hot enough and you got to jump. And I think that's coming pretty quick.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“But I'm not I spoke with him today. He's brilliant. He's been studying this a lot. And he said that he thinks that we're in a global socialism blow off top, a parabola. So we're peak socialism right now. So you know how a blow off top starts working. It starts sucking in everybody and goes higher, higher, higher. And he's like, we're in a parabolic blow off top for socialism, where socialism didn't die. I don't want to deal with my health. Let's just push that to the government, government healthcare. I don't want to take care of my kids. Let's just push that to the government, run schools. We've basically just pushed everything off to the governments and socialism, the nanny state has just gotten bigger, bigger, bigger. And the way he called it was pretty interesting today. Like I said, really the socialism blow off top and it's just starting to go into this parabola and then it just blows off, which I think probably happens the next couple of years. But I don't think the dollar just dies. I mean, the dollar is going to be around. But you and I, lots of other people, we've left. We've gone into the arc and we've gone away and that goes.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Not centralized. So everyone's looking for a centralized answer. The truth is that Bitcoin has been my standard, my reserve, and it's probably yours. And we know Fortune 500 companies like MicroStrategy now, and now we know nations like El Salvador as well. And so it's already starting to switch one by one. And so the way that I see it is not that the dollar dies and in a couple years it's gone. I think my kind of vision is kind of looking at like this fourth turning model like four, you know, 20 year cycles and 80-year cycle and back to Lenin, not to quote him, one of my favorite guys, but he said that there's decades where nothing seems to happen and there's days where decades seem to happen. And so that kind of fits into that fourth turning, right? And so we're kind of at the end of this. And so I think in the next three to five years, we max out at peak centralization. And then the pendulum starts swinging back pretty hard. Do you know Chris McIntosh?”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“What I would say to that though is that also while the world is like, will the dollar remain the world reserve standard? Will it fail? Will we go to a Chinese yuan? Will it be a central bank digital currency? Will we go back to a gold standard? And so I think everybody's looking for what the next global reserve. What's the powers that be? Tell us the next thing is, I just think the future is decentralized.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“These SDRs and central bank digital currencies. Of course, we know China's rolling theirs out here. It's already been out. Most of the other nations are working on it. So I think the plan would be, and this starts to get into opinion, but I think the plan would be to get these central bank digital currencies and try to get everybody to switch over that. We've seen the STIMI pumping out throughout the United States. Of course, when they did the first round of stimulus, they started to build in that digital payment system into the stimulus bills. And so we know they're getting ready for that. And I think probably within the next two years, once that's ready to go, they'll probably be ready to try to switch the system over. They're not only telling us, right? The IMF said it, Klaus Schwab said it. They're showing us. They're building central bank digital currencies. And we also know it. I mean, the Fed's stuck. If they keep printing, inflation is going to keep pushing higher and higher. If they stop stimulus, the markets crash. You can't really taper upon Ponzi. If you and I were playing a board game and we're out of moves, what do we do?”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“The way that I'm kind of seeing the world is a coup d'etat of bankers. The bankers have taken over the world. And I kind of look at this hierarchy of like maybe the BIS sitting up at the top of the world. We kind of have these think tanks, the WEF, WHO, et cetera, kind of there, and then kind of down a low, low level, we have like the governments, which are kind of like the policy enforcers, the bank, the policy creators, the policy enforcers. And so what we saw through the pandemic, I think, kind of illustrates how that would go. So, for example, the whole world locked down at once. I never thought that would have happened. A lot of people said, oh, the world will make Bitcoin illegal. I'm like, the world can't agree on anything. That's never going to happen. But all of a sudden, the whole world just locked down at once and how that happened. Well, the IMF issued a bunch of debt, a bunch of SDRs, and basically paid these nations to start locking down. We saw many reports at Belarus said they offered as much as $900 million to lock down. And so how could they do it? Well, very easily. They get the nations to just switch.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Woods Agreement. The whole world agreed to go to a single monetary unit standard on a gold standard, the dollar, et cetera. And here we are six months ago, Georgina, Kristalina, whatever from the IMF called for a Bretton Woods 2. They're calling for a monetary reset right now, a global monetary reset. And of course, we have Klaus Schwab calling for the great reset, et cetera.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And so, what we're seeing is all these people are trading cryptocurrencies, trading NFTs, trading options on Robinhood, options trading surpassed stock trading. None of that provides any value. They trade, they trade, they trade, no value is being provided. No goods or services are being created. And then they take that money and go buy goods and services from people that are actually producing wealth. And so it's a net drag. And the reason why I say that back to the Bitmax bank thing is that BitMex has amassed a lot of money. They've made a lot of money more than most banks, more than a $234-year-old German bank. But how did they do that? They bought it because what are people doing on BitMix? They're gambling. And so I believe it's a sign of the times, right? We're seeing the end of this long-term credit cycle. We're at the end of this, we're about an 80-year financial revolution cycle. Lenin warned us, the banks would debouch the currency with inflation and deflation, and they would lead to a degeneration of gamblers. And so 80 years ago, the entire global financial system was reset. We had the Bretton.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That are just trading, trading, trading. And so basically, what Lennon was saying is that through inflation and deflation, the banks will break it down to where it degenerates into a gamble and a lottery.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Pulling off this quote that I was working on last week when I was working on that book. And it was John Maynard Keynes, and he was quoting Lennon. And he said, the best way to destroy the capitalist system was to debouch the currency by a continuing process of inflation, governments can confiscate. I'll skip to the end. He says, which formed the ultimate foundation of capitalism becomes so utterly distorted as to be almost meaningless, and the process of wealth getting degenerates into a gamble and a lottery. capitalism will be destroyed all the way down into gambling and a lottery. So what I think about in regards to BitMex buying the German bank is that unfortunately the best way to make money today is theft and gambling. We saw last month the record amount of job quits ever and people are quitting their jobs to trade options on Robin Hood and trade cryptocurrencies. I think NBC, CNBC did a whole special on generation gamble.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Can they continue to create more tokens out of thin air? Sure. But I think as they start to lose their grip, people are going to want to move to a currency they can't control. I think I made a video about this when China banned cryptocurrency for the whatever 13th time or whatever it was. And it was about the Mundel Fleming trilemma. Mundel Fleming tri-milemma is you can't control the monetary supply, the inflation rate, and free flow of capital at the same time. And so since they wanted to continue to adjust the monetary supply and the inflation rate, they had to take away the free-flowing capital because capital would leave the country. Anytime they continue to monkey with that system, people are going to want to try to find another option, which in the United States we are. Of course, that's why real estate, that's why stocks, that's why those assets are sky high. People know they have to go into anything else but the currency. And so I would just expect to see that continue.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Already in the process. And so the pandemic has helped speed that up. So we saw people already, you and I are already working over the internet. I have a team of about 15 people. They're all decentralized working across the world. The pandemic really kick-started that. And so we're seeing people leave the cities and move to Wyoming and Colorado and Idaho. But they're also moving to Mexico and El Salvador and places like that. And so I think as people continue to move start decentralized and the nation starts losing its grasp on people instead of having big corporations they can squeeze. I mean, you did say that these businesses are consolidating, and that's true. So we're seeing Walmart and Amazon getting bigger. But at the same time, we're seeing all these small businesses getting smaller. And the money has been the key piece they continue to control. And I think once we can decentralize, we can go live where we want and we can move to a different money they can't control. I think more people are going to want to use that. And so can they continue to print more fake money? Sure.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Or go print tokens at will, you just end up with the same fake system that isn't based on natural law, in my opinion. And I think what happens is that as humans, we know this. We understand this, and we've seen gold kind of battle it out with fiat for a long time. And I think we'll want to return to that. And I think on a longer lens, if we look back, if we look at, again, how the world shifted from when the church and the state kind of held control over everything, and then the world kind of went into this expansion and through the renaissance where we had this explosion of science and technology through the 15 1600s, we also had sound money. So we had the florin, the longest lasting coin for about three, four hundred years that wasn't debased, globally recognized for trade. We had the flourish of information. But then we went into the industrial age, which caused everything to start centralizing again, like we talked about. But what we're seeing now is, again, through the internet, we've started this shift back to decentralization.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You said nature. So I think about natural law. And so natural law would be like the law of gravity. And so with enough money and enough technology, I could suspend the law of gravity for a while, but I'm always going to have to be holding to that law. And so we have to think about natural law. So there's another natural law called the law of sowing and reaping. And I must produce before I can consume, right? And so while we can print fake fiat currency, and that can work for a while and we could suspend the laws of nature and we can consume without producing, we can pull that forward through fiat currency. It won't work long term, right? We can suspend it temporarily. We could get by with it for 80 years, 100 years, but eventually it fails. And that's because some of the attributes of money, one of the main ones being scarcity, right? And so with scarcity, you have to have like this true cost of capital, which is why gold has been a good proxy for that forever. Bitcoin, of course, fits that with its mining principle. But if you're just going to print fiat currency,”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Like the system that we have, what we want is immutable law that can't be changed. And so I think when you look at it from like a problem and solution kind of mindset, you see the case for what Bitcoin is doing.”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And so then the solutions would be decentralization. The solutions would be immutable law, not governance. The solutions would be censorship resistant. And I think when you look at it from that lens and you look at 15,000 cryptocurrencies that are in the market today, I think there's only really one that has all those attributes, which I think is pretty interesting. Like, for example, one of the big gripes with Bitcoin was or against Ethereum was that Bitcoin has 21 million, but we don't know it Ethereum's cap is. And so was it five, six months ago, Vitalik Buterin and boys got together and they changed the monetary issuance of Ethereum. But isn't that like the system that we're trying to leave behind? Doesn't that sound like the Federal Reserve that can change the monetary standard all the time, you know? Or you're about these POS networks, you know, Cardano has this decentralized governance. So whoever has the most tokens can stake them and then they can get votes to change the protocol. But that's, again,”
2022-01-26 · We Study Billionaires · BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT