Scam Economy
Matt Binder
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.
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Top 10 Scam Economy Episodes
Goodpods has curated a list of the 10 best Scam Economy episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Scam Economy for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Scam Economy episode by adding your comments to the episode page.
08/05/22 • 66 min
Adi Robertson, senior reporter at The Verge, joins Scam Economy with Matt Binder to bring us on the epic journey that is Spice DAO, the decentralized autonomous organization that raised around $12 million in cryptocurrency in order to bid on a rare copy of Alejandro Jodorowsky’s "legendary never-made adaptation" of the classic sci-fi novel, Dune (also known as the Dune Bible). We discuss the $3 million winning bid and how it was well over expected sale price, the infamous confusion over copyright between members of the DAO, all the controversies surrounding votes on animated film production and a certain problematic member of the leadership team, and the most recent news where the creator of this whole project, crypto millionaire Soban "Soby" Saqib has decided to dissolve the DAO and...maybe just sell the book. Support the show: http://www.patreon.com/mattbinder Read Adi's reporting in The Verge on Spice DAO: 1) https://www.theverge.com/2022/1/17/22887948/jodorowsky-dune-bible-spice-dao-derivative-script 2) https://www.theverge.com/2022/2/28/22950868/spice-dao-crypto-jodorowsky-dune-bible-collective-writing-contest 3) https://www.theverge.com/2022/5/27/23141188/dune-crypto-collective-spice-dao-nft-tv-series-charlotte-fang-remilia-controversy 4) https://www.theverge.com/2022/7/27/23280490/spice-dao-jodorowsky-dune-bible-crypto-sale-planned-liquidation Check out the BuzzFeed article mentioned in this episode: https://www.buzzfeednews.com/article/amansethi/spicedao-dunedao-soby Visit http://www.scameconomy.com
04/15/22 • 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
04/05/22 • 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
02/11/22 • 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
02/10/22 • 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
Logically.ai UK editor Ernie Piper and Senior OSINT Analyst Nick Backovic join Matt Binder on Scam Economy to discuss the tech-based anti-misinformation firm's report on the QAnon influencers scamming their followers with crypto pump-and-dump schemes. We discuss the QAnon conspiracy theory and how its conspiratorial right wing beliefs fit perfectly into the cryptocurrency scams, the Stellar network which makes minting of these tokens extremely easy, who are WhipLash347 and PatriotQakes (aka Emily Tang): the influencers involved in promoting these schemes to their followers, the real financial losses as well as the story of one individual who took their life after losing their money and business, and much more. Read the Logically.ai report: https://www.logically.ai/articles/qanon-crypto-lose-followers-2-million Check out ScamEconomy.com Support the show: http://www.patreon.com/mattbinder
09/29/22 • 64 min
Leo Schwartz, reporter at Fortune, joins Scam Economy with Matt Binder to discuss his report on GiveCrypto, a crypto charity set up by the crypto exchange Coinbase, the broader realm of crypto philanthropy and the ulterior motives behind it, how GiveCrypto took advantage of its "ambassadors" around the world, how little the charity was able to help and why that is, why even some crypto advocates think crypto donations are a bad idea, and much more. Check out Leo's piece in Fortune on GiveCrypto: https://fortune.com/crypto/2022/09/20/coinbases-1b-crypto-philanthropy-disappointment/ Visit: http://www.ScamEconomy.com Support the show: http://www.patreon.com/mattbinder
09/24/22 • 76 min
This month marks the one year anniversary of El Salvador's historic Bitcoin Law, cementing the Central American country the very first country to mark the cryptocurrency as legal tender. So, how's it going? Not good! Salvadoran infosec specialist Domingo Flores joins Scam Economy with Matt Binder to discuss the turmoil the country has faced in recent months, thanks to its Bitcoin-loving President Nayib Bukele. We discuss the protests, the mass arrests, Bukele's suspension of the constitution in order to run for re-election, the alleged "troll center" being run to by the Bukele regime to spread disinformation and harass dissidents, plus...Bukele keeps using El Salvador's money to invest in Bitcoin...or is he? Visit http://www.ScamEconomy.com Support the show: http://www.patreon.com/mattbinder
30: The Ethereum Merge is Here. What It Means, Who's Getting Rich & Why It Won't Be You (w/ Bennett Tomlin)
Scam Economy
09/15/22 • 73 min
It's finally here...Ethereum Merge Day. Bennett Tomlin of Crypto Critics Corner and Protos.com joins Scam Economy with Matt Binder to break down exactly what the Ethereum Merge is, why the crypto world is celebrating its arrival, the difference between the old proof-of-work system and the new proof-of-stake system, how miners are taking the change, the fork, what is staking, sharding?!, the environmental impacts, how crypto advocates are missing the big picture, Lido and its role, and why the system is still set up for the rich to just keep get richer. Check out Protos and their Ethereum Merge coverage: https://protos.com/the-evolution-of-ethereum-2-0-your-questions-answered/ https://protos.com/heres-how-insiders-are-getting-rich-off-the-ethereum-merge Listen to Crypto Critics Corner: https://cryptocriticscorner.com Visit http://www.scameconomy.com Support the show: http://www.patreon.com/mattbinder
08/18/22 • 79 min
Coinbase is America's #1 crypto exchange. Coinbase has also had a very, very bad couple of weeks. Ed Zitron joins Matt Binder on Scam Economy to discuss the Coinbase insider trading case, how a former Coinbase product manager was able to slip insider knowledge to his brother and a friend, how the scheme fell apart, just how much insider trading is going on over at Coinbase?, the SEC investigation that found Coinbase was listing unregistered securities, Coinbase CEO Brian Armstrong's anti-politics at Coinbase stance...until Coinbase of course needs to start lobbying politicians for pro-crypto legislation, what's coming down the pike for Coinbase next?, and much more! Visit: http://www.ScamEconomy.com Support the show: http://www.patreon.com/mattbinder Check out Ed's newsletter: http://ez.substack.com Coinbase Insider Trading Case/SEC investigation: https://mashable.com/article/crypto-insider-trading-case-doj-coinbase Coinbase Insider Trading Study: https://www.bloomberg.com/news/articles/2022-08-17/coinbase-insider-trading-may-be-wider-than-us-case-study-says Coinbase: No Politics: https://www.forbes.com/sites/jackkelly/2020/10/01/coinbase-wont-allow-discussions-of-politics-and-social-causes-at-work-if-employees-dont-like-it-theyre-free-to-leave/?sh=5b4b208f7459 Coinbase Lobbying: https://www.forbes.com/sites/jasonbrett/2022/07/28/new-bill-could-allow-americans-to-buy-coffee-with-crypto-tax-exempt/?sh=68bad27a2c60 https://cryptopotato.com/coinbase-establishes-think-tank-for-increasing-lobbying-efforts-with-regulators/
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FAQ
How many episodes does Scam Economy have?
Scam Economy currently has 66 episodes available.
What topics does Scam Economy cover?
The podcast is about News, Podcasts and Technology.
What is the most popular episode on Scam Economy?
The episode title '56: How MrBeast Inadvertently Revealed X / Twitter Monetization is Rigged' is the most popular.
What is the average episode length on Scam Economy?
The average episode length on Scam Economy is 64 minutes.
How often are episodes of Scam Economy released?
Episodes of Scam Economy are typically released every 7 days.
When was the first episode of Scam Economy?
The first episode of Scam Economy was released on Jan 26, 2022.
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