37: Sam Bankman-Fried is Known as Crypto's Bailout King. Is His Own Empire Broke? (w/ Mike Burgersburg)

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

6 Mai 202256min

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

29 Apr 20221h 12min

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

22 Apr 20221h 7min

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

15 Apr 20221h 9min

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

8 Apr 202250min

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

5 Apr 202224min

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

31 Mar 20221h 32min

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

25 Mar 20221h 9min