Scam Economy
Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.
16: How Wikipedia Cancelled Crypto (w/ Molly White)
May 20, 2022 • 56 MIN
Longtime Wikipedia editor and Web3 is Going Great creator Molly White joins Matt Binder on Scam Economy to discuss why Wikipedia stopped taking cryptocurrency donations, how the Wiki community came together to make it happen, what happened when crypto advocates tried to stop the decision, the history of Wiki and cryptocurrency, and much more! Check out Web3 Is Going Great @ https://web3isgoinggreat.com. Visit ScamEconomy.com. Support the show: http://www.patreon.com/mattbinder
15: Terra, Luna, & The Crypto Crash: Everything You Need to Know (w/ Bennett Tomlin of Crypto Critics' Corner)
May 12, 2022 • 54 MIN
EMERGENCY POD! The crypto market is in a free fall. What is happening?! Bennett Tomlin of Crypto Critics' Corner joins Scam Economy with Matt Binder to break down what stablecoin Terra (UST) is, why it lost its peg and what that means, how its sister coin Luna factors in to all this, and how this all led to one of the biggest crashes across the entire cryptocurrency market – one that has Bitcoin at its lowest value in nearly a year and a half. Bennett and Matt also discuss the coins' parent company, Terraform and its eclectic founder Do Kwon, what an "algorithmic stablecoin" is, and how the whole thing is a ponzi. If that wasn't enough, the two also take a look at some of the conspiracies such as Blackrock and Citadel "attacking" Terra and how a Major League Baseball team was sharing Terra marketing videos as the whole thing came tumbling down. Support the show: http://www.patreon.com/mattbinder
14: Crypto Bad Ideas: Abortions on the Blockchain!? + Bored Apes Break Ethereum (w/ Molly White)
May 6, 2022 • 56 MIN
Creator of Web3 is Going Great, developer Molly White joins Scam Economy with Matt Binder to discuss the insanely high Ethereum gas fees from over the weekend where people were being charged thousands in fees for transactions as low as $5, how this was caused by Bored Ape Yacht Club owners Yuga Labs, and shows everything wrong with the Ethereum network (and crypto more broadly.) Also, after the SCOTUS leak showing Roe v. Wade may very well be overturned and abortions could become illegal in certain U.S. states, some crypto users had a brilliant idea: the blockchain can solve this. Molly and Matt discuss why this is in fact not a good idea at all. Check out Molly's website: https://web3isgoinggreat.com. Visit: ScamEconomy.com. Support the show: http://www.patreon.com/mattbinder
13: Arrested for Protesting Bitcoin (w/ Mario Gomez)
April 29, 2022 • 72 MIN
Salvadorian developer Mario Gomez joins Matt Binder on Scam Economy to discuss his arrest over his activism against El Salvador's Bitcoin laws, why El Salvador is going all in on Bitcoin and making it an official currency, how it all started with an American project in the the Central American country called Bitcoin Beach, what shady dealings El Salvador's authoritarian president Nayib Bukele could possibly have with the crypto industry, what are Volcano Bonds and the Chivo wallet, how the Bitcoin laws are negatively affecting the people of El Salvador, and more! Follow Mario and his updates on El Salvador and Bitcoin on Twitter here: https://twitter.com/mxgxw_gamma. Visit ScamEconomy.com. Support the show: http://www.patreon.com/mattbinder
12: A/S/L/Crypto?: The Dating App Crypto Scam Scourge
April 22, 2022 • 67 MIN
Looking for love? Have you been targeted by a crypto scam on a dating app? Scam Economy listeners recently called into the live post-show to share their experiences with host Matt Binder. There's plenty of twists, turns, and swerves! Here are some of those stories. Visit: http://www.ScamEconomy.com ! Support the show: http://www.patreon.com/mattbinder
11: Inside the Bizarre Bitcoin 2022 Conference (w/ Ryan Broderick)
April 15, 2022 • 69 MIN
Ryan Broderick of the Garbage Day newsletter joins Scam Economy to take host Matt Binder on a journey to the Bitcoin 2022 Conference in Miami. Ryan breaks down what he saw at the 4-day Bitcoin extravaganza, which celebrities and special guests were there, the dystopian vision of the future that the Bitcoin maximalists are pushing, what the "average" Bitcoin advocate got out of the event, the difference between crypto "culture" and the Bitcoin world, what his cryptocurrency investing dad thought of the event, and more! Check out Ryan's newsletter: https://www.garbageday.email/ . Visit ScamEconomy.com ! Support the show: http://www.patreon.com/mattbinder
10: Bitcoin Goes Green[washing] (w/ Leanna First-Arai)
April 8, 2022 • 50 MIN
Climate and environmentalist journalist Leanna First-Arai joins Scam Economy to discuss the news that Exxon was going to help Bitcoin mining companies "go green" by selling them gas leaks. Leanna breaks down what gas flaring is, what the thought process and claims from Exxon and the Bitcoin community here is, how "good" is this, the waste that goes into Bitcoin mining, can renewables help?, and more! Visit ScamEconomy.com! Support the show: http://www.patreon.com/mattbinder
Axie Infinity, Indentured Servitude (Scam Economy Hotline LIVE Post Show Teaser Clip)
April 5, 2022 • 24 MIN
It's a BONUS teaser clip from the Scam Economy Hotline LIVE Post Show #9! In this clip, listener John from Australia calls in to tell us even more about play-to-earn NFT crypto game, Axie Infinity, and how dystopian it is for the players in developing nations who play it for a living. Check out ScamEconomy.com for more! Support the show: http://www.patreon.com/mattbinder
9: The Play to Earn Pyramid: Axie Infinity & the Dystopia That Crypto Wants (w/ Ed Zitron)
March 31, 2022 • 92 MIN
Play To Earn crypto games are hyped as one of the defining products of web3, according to cryptocurrency and blockchain advocates. But, they are extremely exploitative. Now, after a big hack wreaks havoc over the biggest game in the space, Axie Infinity, resulting in a $625 million loss...what does this say about the dystopian future that crypto wants? Ed Zitron joins Matt Binder on Scam Economy to discuss. Visit ScamEconomy.com . Support the show: http://www.patreon.com/mattbinder
8: Monkey Business: Bored Ape Yacht Club, Yuga Labs, & ApeCoin (w/ Amy Castor)
March 25, 2022 • 69 MIN
NFT and cryptocurrency reporter Amy Castor joins Scam Economy for a deep dive into Yuga Labs, the company behind Bored Ape Yacht Club, and a new cryptocurrency called ApeCoin, which is totally not connected to Yuga Labs of course (for legal reason). Visit: ScamEconomy.com ! Support the show: http://www.patreon.com/mattbinder
7: The Crypto Grift Descends on Ukraine
March 18, 2022 • 51 MIN
Scam Economy host 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. Check out: http://www.scameconomy.com . Support the show: http://www.patreon.com/mattbinder
The Depravity of Randi Zuckerberg's Web3 Song (Scam Economy Post Show Teaser Clip)
March 15, 2022 • 19 MIN
A freebie teaser clip from the Scam Economy Post Show Episode #6 livestream on 3/10/22: Matt gives some quick thoughts on Web3 "Pay to Earn" games after his talk with Molly White. Plus a breakdown of a Twisted Sister "parody" song about Web3 by Randi Zuckerberg – yes, Facebook founder Mark Zuckerberg's sister. Join the Patreon to access audio of the full show, complete with listener phone calls and more: http://www.patreon.com/mattbinder
6: Web3 Sucks (w/ Molly White)
March 11, 2022 • 63 MIN
Molly White, software engineer, Wikipedia editor, and the creator of the website "Web3 is going just great," joins host Matt Binder on Scam Economy to discuss...well...Web3! Molly breaks down what Web3 is, all the scams and grifts her website covers daily, what Web3 advocates want, how Wikipedia perfectly proves Web3 wrong, the commonalities found between conspiracy theorists like QAnon believers and Web3 supporters, and much more! Check out Molly's awesome website Web3 is going great: https://web3isgoinggreat.com . Visit: http://www.scameconomy.com . Support the show: http://www.patreon.com/mattbinder
5: NFTs Get Physical, Real Estate Gets Digital, It's All Despicable (w/ Wilfred Chan)
March 4, 2022 • 45 MIN
Writer Wilfred Chan joins Matt Binder on Scam Economy to discuss his experience using an NFT vending machine, how he got scammed by it, online real estate in the metaverse, and how the gig economy gave us an early look into our scam economy tech dystopia. Find out where you can subscribe to the Scam Economy: http://www.scameconomy.com . Support the show: http://www.patreon.com/mattbinder
4: Crypto Super Bowl Ads Weren't Like the Dot Com Bubble (It's Much Worse.)
February 18, 2022 • 35 MIN
Scam Economy host Matt Binder breaks down the "Crypto Bowl," the slew of cryptocurrency ads that ran during the Super Bowl. Why was there so many? Who were they targeting? Is this reminiscent of the 2000 dot com bubble? What's going on here? Find out where you can subscribe to the Scam Economy: http://www.scameconomy.com. Support the show: http://www.patreon.com/mattbinder
3: Razzlekhan & The Great Bitfinex Heist (w/ Jack Morse)
February 11, 2022 • 45 MIN
It's not everyday that an eccentric NYC couple in their 30s get caught stealing billions of dollars. Jack Morse, senior tech reporter at Mashable, joins Matt Binder on the latest episode of Scam Economy to discuss the money-laundering couple who are accused by the DOJ of stealing $3.6 billion in Bitcoin from the Bitfinex exchange in 2016. The news about Ilya Lichtenstein and Heather "Razzlekhan" Morgan came out this week and every detail -- from their tech startup backgrounds to her TikTok rapper career -- is more amazing than the next. Support the show: http://www.patreon.com/mattbinder
Scam Economy Post Show: Episode #2 (Teaser Clip!)
February 10, 2022 • 26 MIN
A freebie teaser clip from the Scam Economy post show for episode #2 featuring a live call-in from a crypto fan. (Livestreamed immediately following the YouTube premiere of Scam Economy episode #2 on 2/3/22). Support the show: http://www.patreon.com/mattbinder
2: Cryptocurrency is a Ponzi (w/ Sohale Mortazavi)
February 4, 2022 • 55 MIN
Sohale Mortazavi joins Scam Economy to talk about his piece for Jacobin that went viral: Cryptocurrency Is a Giant Ponzi Scheme. Host Matt Binder and Mortazavi discuss what crypto has in common with Ponzi schemes, the market manipulation of Bitcoin courtesy of the stablecoin Tether, what should be done about crypto, the reaction to his piece which spread on Reddit and Twitter, and the "progressive" or "socialist" case for crypto. Support the show: http://www.patreon.com/mattbinder
Scam Economy Post Show: Episode #1
January 31, 2022 • 116 MIN
It's the Scam Economy post show for episode #1 featuring live call-ins from an artist defending the NFT scene, a former cryptocurrency investor, a fellow crypto skeptics, and more. (Livestreamed immediately following the YouTube premiere of Scam Economy episode #1 on 1/27/22). Support the show: http://www.patreon.com/mattbinder
1: Scam Economy 101: The ABCs of Crypto (w/ David Gerard)
January 28, 2022 • 70 MIN
Welcome to the Scam Economy: Episode #1 with our first guest cryptocurrency journalist and author, David Gerard. Cryptocurrency? Bitcoin? Ethereum? NFTs? Proof of work? Proof of stake? What does this all mean? David joins host Matt Binder to breakdown everything you need to know about (most of) the basics in the world of cryptocurrency. For more, check out: scameconomy.com
0: Welcome to the Scam Economy
January 26, 2022 • 4 MIN
Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.