#1482 The New Hotness in Scam Culture (Crypto Currency and NFTs)

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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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Transcript

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SHOW NOTES

Ch. 1: Line Goes Up – The Problem With NFTs - Folding Ideas - Air Date 1-21-22

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.

Ch. 2: NFTS and Celebrities: A Match Made in Hell? - Wisecrack - Air Date 4-4-22

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?

Ch. 3: Celebrities Love Cryptocurrencies - and it's lame (Feat. Ben McKenzie and Jacob Silverman) - Crypto Critics' Corner - Air Date 2-16-22

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

Ch. 4: Why Scams Are Inherent To Cryptocurrency - The Majority Report w/ Sam Seder - Air Date 3-27-22

Explaining the systemic reasons why the features of crypto are so amenable to scams

Ch. 5: Can Our Climate Survive Bitcoin? - Reveal - Air Date 3-25-22

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.

Ch. 6: Line Goes Up Creator Breaks Down The Problem with NFTs and Cryptocurrency - The Damage Report - Air Date 3-6-22

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.

Ch. 7: The Crypto Grift Descends on Ukraine - Scam Economy - Air Date 3-17-22

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.

FINAL COMMENTS

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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