Manage episode 325682676 series 8456
Air Date 4/13/2022
Today we take a look at the mainstreaming of crypto and NFTs by celebrity endorsements, why they're terrible by nearly any metric and why they are emblematic of our broken culture.
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If someone pitches you on a "great" Web3 project, ask them if it requires buying or selling crypto to do what they say it does.
How did NFTs become the new Coca-Cola? NFTs are everywhere, nowhere more so than on the lips of celebrities. But why are celebrities getting into the world of crypto? And what can the rise of celebrities endorsing NFTs tell us about our society?
Bennett and Cas are joined by Ben McKenzie and Jacob Silverman who discuss the ideas behind their upcoming book about cryptocurrency, their issues with celebrity shilling of speculative assets, and how it really feels like corporate greed
Explaining the systemic reasons why the features of crypto are so amenable to scams
Bitcoin’s demand for electricity is so great that it’s giving new life to the dirtiest type of power plants: ones that burn coal. In Hardin, Montana, the coal-fired power plant was on the verge of shutting down until bitcoin came to town.
Crypto specialist, Dan Olson, shares his takes on NFTs and explains pieces from his insanely popular video, "Line Goes Up – The Problem With NFTs." John Iadarola and Dan Olson break it down on The Damage Report.
Matt Binder breaks down how grifting cryptocurrency founders, entrepreneurs, investors, and hustlers are trying to pump their money-making schemes for a profit and generate good PR for the crypto industry under the guise of charity for Ukraine.
Ch. 12: Final comments on how people, myself included, get scammed
MUSIC (Blue Dot Sessions):
- Opening Theme: Loving Acoustic Instrumental by John Douglas Orr
- Voicemail Music: Low Key Lost Feeling Electro by Alex Stinnent
- Activism Music: This Fickle World by Theo Bard (https://theobard.bandcamp.com/track/this-fickle-world)
- Closing Music: Upbeat Laid Back Indie Rock by Alex Stinnent
Produced by Jay! Tomlinson
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