Crypto Critics' Corner
Crypto Critics' Corner
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How to investigate frauds - Episode 155
Cas Piancey and @bennettftomlin discuss the tools they use to investigate various frauds and scams.
This video was recorded on July 11th and 16th, 2024.
Read more: cryptocriticscorner.com/2024/07/17/episode-155-how-to-investigate-a-fraud/
Additional episodes mentioned in this episode:
Playlist of videos about Bitfinex and Tether
czcams.com/play/PL4_8M4221Zu3q2__MKsZk9OihtMQTjunB.html
Episode 127 - Let's talk about Number Go Up with Zeke Faux
czcams.com/video/IlktWD9NNpE/video.html
Episode 56 - This Man Murders Scams (Feat. ZachXBT)
czcams.com/video/A2D9bbvf9X8/video.html
Episode 100 - A Skeptic’s Guide to Skepticism
czcams.com/video/pkQ9an-ZxB8/video.html
Additional resources:
Protos coverage of Cryptocurrency Association
protos.com/scoop-california-law-allows-scammer-to-add-six-tether-execs-to-startup/
OpenCorporates
opencorporates.com/
Companies House
www.gov.uk/government/organisations/companies-house
EDGAR
www.sec.gov/edgar/search/
MSB Search
www.fincen.gov/msb-state-selector
Crunchbase
www.crunchbase.com/home
RECAP
www.courtlistener.com/recap/
The New York Times
www.nytimes.com/
Wayback Machine
web.archive.org/
BuiltWith
builtwith.com/
EtherScan
etherscan.io/
Breadcrumbs
www.breadcrumbs.app/
Other places to find Crypto Critics' Corner
Website: cryptocriticscorner.com/
Discord: discord.gg/mFGxZMJCVf
Bluesky: bsky.app/profile/cryptocriticscorner.com
Mastodon: mstdn.social/@CryptoCriticPod
Twitter: CryptoCriticPod
Instagram: cryptocriticpod
TikTok: vm.tiktok.com/TTPdPN2hK9/
Bennett's CZcams: @bennettftomlin
Bennett's D&D CZcams: @BTDND
Bennett's BlueSky: bsky.app/profile/bft.wtf
Cas' BlueSky: bsky.app/profile/caspiancey.bsky.social
Bennett's Mastodon: mstdn.social/@bennetttomlin
Bennett's Twitter: BennettTomlin
Cas' Twitter: CasPiancey
Bennett's Newsletter: TheFUDLetter.com/
Cas' Blog: thecaspiancey.medium.com/
Bennett's Blog: bennettftomlin.com/
Timestamps:
00:00 Introduction
1:19 Website
2:48 OpenCorporates
5:30 Corporate Registers
6:55 Due Diligence into Cryptocurrency Association
20:38 Companies House and Corporate Registers
27:15 EDGAR
29:08 FinCEN MSB Search
30:40 Crunchbase
34:35 RECAP and PACER
38:00 The New York Times
40:33 Wayback Machine
42:32 BuiltWith
45:00 EtherScan and Blockchain Explorers
46:54 BreadCrumbs
48:45 Conclusion
#crypto #cryptocurrency #podcast #podcasts #listenable #fraud #scam #investigation
zhlédnutí: 3 789

Video

Is Venture Capital Good? (feat. Travis Kimmel) - Episode 154
zhlédnutí 2,3KPřed 2 měsíci
Cas Piancey and @bennettftomlin are joined by Travis Kimmel to discuss the purpose and role of venture capital. This video was recorded on May 9th, 2024. Read more: cryptocriticscorner.com/2024/07/04/episode-154-is-venture-capital-good/ Additional episodes mentioned in this episode: Episode 48 - The US Dollar, Inflation, and Recession (Feat. Travis Kimmel) czcams.com/video/p3T0M8SJdJM/video.htm...
Sam Bankman-Fried Trial Supercut: Arrest to Conviction
zhlédnutí 4,3KPřed 2 měsíci
A supercut of our episodes covering the trial of Sam Bankman-Fried. Additional episodes mentioned in this episode: Sam Bankman-Fried Arrested (feat. @Coffeezilla ) - Episode 102 czcams.com/video/Gj-tTOYdLV4/video.html Were SBF's parents in on it? Follow the Money - Episode 130 czcams.com/video/QXfBp3c7GTY/video.html Did Sam Bankman-Fried's Defense Blow It? (feat. David Z. Morris) - Episode 133 ...
DJT: The Official Trump Token? - Episode 153
zhlédnutí 3,1KPřed 2 měsíci
Cas Piancey and @bennettftomlin discuss DJT, which is not Donald Trump's official token, and it seems likely Barron will not even claim this mess that Martin Shkreli embroiled them all in. This video was recorded on June 22nd, 2024. Read more: cryptocriticscorner.com/2024/06/22/episode-153-djt-the-official-trump-token/ Additional episodes mentioned in this episode: Episode 56 - This Man Murders...
Justin Sun is probably insolvent - Episode 152
zhlédnutí 4,8KPřed 3 měsíci
Cas Piancey and @bennettftomlin discuss Justin Sun's empire, and the fact that he does not seem to have enough money. This video was recorded on May 1st, 2024. Read more: cryptocriticscorner.com/2024/06/03/episode-152-justin-sun-is-probably-insolvent/ Additional episodes mentioned in this episode: Playlist of videos about Justin Sun czcams.com/play/PL4_8M4221Zu07kHEjgzhfupXKP74rJpCy.html Episod...
Is effective altruism evil? (feat. Vincent Woo) - Episode 151
zhlédnutí 3,3KPřed 3 měsíci
Cas Piancey and @bennettftomlin are joined by Vincent Woo to discuss Effective Altruism and Effective Accelerationism. This video was recorded on May 1st, 2024. Read more: cryptocriticscorner.com/2024/05/28/episode-151-is-effective-altruism-evil-feat-vincent-woo/ Additional episodes mentioned in this episode: Episode 124 - Effective Altruism: Buy an island nation and feel moral czcams.com/video...
CZ v. SBF - Episode 150
zhlédnutí 3,6KPřed 3 měsíci
Cas Piancey and @bennettftomlin discuss the sentencing of Changpeng Zhao and what it means for the cryptocurrency industry. This video was recorded on May 6th, 2024. Read more: cryptocriticscorner.com/2024/05/07/episode-150-cz-v-sbf/ Additional episodes mentioned in this episode: Playlist of episodes about Binance czcams.com/play/PL4_8M4221Zu0Vfdj70Lxu-MjoLNnvexym.html Episode 103 - Binance, Au...
Will the regional banking crisis ever end? - Episode 149
zhlédnutí 4,1KPřed 4 měsíci
Cas Piancey and @bennettftomlin discuss the ongoing struggles of regional banking in the United States, and why these issues with the system persist. This video was recorded on March 6th, 2024. Read more: cryptocriticscorner.com/2024/04/10/episode-149-will-the-regional-banking-crisis-ever-end/ Additional episodes mentioned in this episode: Episode 147 - MONEY TIME: Deltec Bank moved customer fu...
Two giant river boys and $1,000,000,000 lost dollars (feat. Ed Zitron) - Episode 148
zhlédnutí 9KPřed 5 měsíci
Cas Piancey and @bennettftomlin are joined by Ed Zitron to discuss how Tyler and Cameron Winklevoss portray themselves as the regulated alternative, but frequently flout the rules. This video was recorded on March 12th, 2024. Read more: cryptocriticscorner.com/2024/03/31/episode-148-two-giant-river-boys-and-1-billion-missing-dollars/ Additional episodes mentioned in this episode: Episode 112 - ...
MONEY TIME: Deltec Bank moved customer funds from FTX to Alameda Research - Episode 147
zhlédnutí 6KPřed 5 měsíci
Cas Piancey and @bennettftomlin discuss a class action lawsuit against Deltec Bank and Trust in the Bahamas that alleges that it was instrumental in moving customer funds from FTX to Alameda Research. This video was recorded on March 6th, 2024. Read more: cryptocriticscorner.com/2024/03/15/episode-147-money-time-deltec-bank-moved-customer-funds-from-ftx-to-alameda-research/ Additional episodes ...
Binance and Changpeng Zhao Indicted: End of an Era - Episode 146
zhlédnutí 8KPřed 6 měsíci
Cas Piancey and @bennettftomlin discuss the indictment of Changpeng Zhao and the Deferred Prosecution Agreement for Binance. This video was recorded on February 10th, 2024. Read more: cryptocriticscorner.com/2024/02/23/episode-146-binance-and-changpeng-zhao-indicted-end-of-an-era/ Additional episodes mentioned in this episode: Playlist of episodes about Binance czcams.com/play/PL4_8M4221Zu0Vfdj...
Read Write Own: Broken Web3 Promises (feat. @molly0xfff) - Episode 145
zhlédnutí 9KPřed 6 měsíci
Cas Piancey and @bennettftomlin are joined by @molly0xfff to discuss Andreessen Horowitz General Partner Chris Dixon's new book: Read, Write, Own. This video was recorded on February 10th, 2024. Read more: cryptocriticscorner.com/2024/02/20/episode-145-read-write-own-broken-web3-promises-feat-molly-white/ Additional episodes mentioned in this episode: Episode 54 - Web3 is Wonky (Feat. Molly Whi...
Tether: The $100,000,000,000 Problem in Crypto - Episode 144
zhlédnutí 18KPřed 6 měsíci
Cas Piancey and @bennettftomlin discuss the history and present of Tether, the most important firm in all of cryptocurrency. This video was recorded on February 4th, 2024. Read more: cryptocriticscorner.com/2024/02/07/episode-144-tether-the-100000000000-problem-in-crypto/(opens in a new tab) Additional episodes mentioned in this episode: Playlist of video about Bitfinex and Tether czcams.com/pl...
Why Crypto Will Never Fix Payments (feat. Patrick McKenzie) - Episode 143
zhlédnutí 17KPřed 9 měsíci
Cas Piancey and @bennettftomlin are joined by Patrick McKenzie of Bits About Money to discuss why cryptocurrency is not a solution for the problems of payments. This video was recorded on October 12th, 2023. Read more: cryptocriticscorner.com/2023/11/14/episode-143-why-crypto-will-never-fix-payments-feat-patrick-mckenzie/ Additional episodes mentioned in this episode: Episode 136 - Moonstone Ba...
Sam Bankman-Fried Sent Himself to Prison (feat. Elizabeth Lopatto) - Episode 142
zhlédnutí 35KPřed 9 měsíci
Cas Piancey and @bennettftomlin are joined by Elizabeth Lopatto of the Verge to discuss Sam Bankman-Fried's conviction. This video was recorded on November 6th, 2023. Read more: cryptocriticscorner.com/2023/11/09/episode-142-sam-bankman-fried-sent-himself-to-prison-feat-elizabeth-lopatto/ Additional episodes mentioned in this episode: CZcams playlist of videos about Sam Bankman-Fried Trial czca...
The Weyrd and Wyld Story of Wyre - Episode 141
zhlédnutí 8KPřed 9 měsíci
The Weyrd and Wyld Story of Wyre - Episode 141
Sam Bankman-Fried's Trial is Going Great (feat. Molly White) - Episode 140
zhlédnutí 32KPřed 10 měsíci
Sam Bankman-Fried's Trial is Going Great (feat. Molly White) - Episode 140
It's so over: Sam Bankman-Fried testifies (feat. Sam Kessler) - Episode 139
zhlédnutí 33KPřed 10 měsíci
It's so over: Sam Bankman-Fried testifies (feat. Sam Kessler) - Episode 139
Inside Sam Bankman-Fried’s Trial: Power Brokers and Trolls (feat. Katie Baker) - Episode 138
zhlédnutí 21KPřed 10 měsíci
Inside Sam Bankman-Fried’s Trial: Power Brokers and Trolls (feat. Katie Baker) - Episode 138
Sam Bankman-Fried asked FTX's lawyer to explain away stolen funds (feat. Danny Nelson) - Episode 137
zhlédnutí 36KPřed 10 měsíci
Sam Bankman-Fried asked FTX's lawyer to explain away stolen funds (feat. Danny Nelson) - Episode 137
Moonstone Bank: FTX, Deltec, and the Mission to Move Millions - Episode 136
zhlédnutí 22KPřed 10 měsíci
Moonstone Bank: FTX, Deltec, and the Mission to Move Millions - Episode 136
Caroline Ellison Describes Sam Bankman-Fried's Crimes (feat. Nikhilesh De) - Episode 135
zhlédnutí 36KPřed 10 měsíci
Caroline Ellison Describes Sam Bankman-Fried's Crimes (feat. Nikhilesh De) - Episode 135
Can crypto companies get bank accounts? - Episode 134
zhlédnutí 6KPřed 10 měsíci
Can crypto companies get bank accounts? - Episode 134
Did Sam Bankman-Fried's Defense Blow It? (feat. David Z. Morris) - Episode 133
zhlédnutí 37KPřed 10 měsíci
Did Sam Bankman-Fried's Defense Blow It? (feat. David Z. Morris) - Episode 133
NFTs are Securities - Episode 132
zhlédnutí 4,5KPřed 11 měsíci
NFTs are Securities - Episode 132
Elon Musk’s ESG Con (feat. Eric Roesch the ESGHound)- Episode 131
zhlédnutí 7KPřed 11 měsíci
Elon Musk’s ESG Con (feat. Eric Roesch the ESGHound)- Episode 131
Were SBF's parents in on it? Follow the Money - Episode 130
zhlédnutí 44KPřed 11 měsíci
Were SBF's parents in on it? Follow the Money - Episode 130
Circle is losing the stablecoin war to Tether (feat. Leo Schwartz) - Episode 129
zhlédnutí 7KPřed 11 měsíci
Circle is losing the stablecoin war to Tether (feat. Leo Schwartz) - Episode 129
Sam Bankman-Fried deserves human rights - Episode 128
zhlédnutí 4,2KPřed 11 měsíci
Sam Bankman-Fried deserves human rights - Episode 128
Let's talk about Number Go Up with Zeke Faux - Episode 127
zhlédnutí 23KPřed 11 měsíci
Let's talk about Number Go Up with Zeke Faux - Episode 127

Komentáře

  • @geekygambler2191
    @geekygambler2191 Před 4 dny

    Very informative discussion ... Why so less views? Keep it up guys ...

  • @allie9157
    @allie9157 Před 5 dny

    🤣🤣🤣 Just another South African

  • @rbslammed6163
    @rbslammed6163 Před 9 dny

    “Satoshi” is the US government, how stupid do you have to be to not know this by now?

  • @W4t3rf1r3
    @W4t3rf1r3 Před 10 dny

    Hearing this guy mention Genesis at about 13:50 is extremely funny in hindsight.

  • @anastasias6352
    @anastasias6352 Před 11 dny

    "I hope you cut all of this out,"

  • @Clay_Tucker
    @Clay_Tucker Před 11 dny

    I just am now doing a deep dive on Tron. I noticed that this video is from May. have you all changed your perspective as we head into September? I am seeing positive new stories and rising prices and rank as well as Meme coin mania and tether using Tron so Im confused. have things changed since May or do you all hold the exact same opinion as you did back then? keep in mind. Im asking about the Blockchain/token not the poor ethics of the man.

  • @ReneeBryant-o1e
    @ReneeBryant-o1e Před 20 dny

    Robinson Donald Hall Deborah Gonzalez George

  • @BlackRoseCrypto
    @BlackRoseCrypto Před 27 dny

    Justin is a scammer in the proof or work space

  • @oldfishermanplus
    @oldfishermanplus Před měsícem

    Love it!!! When can Evan do an interview with Joe Rogan??? @joerogan

  • @JewishBanker911
    @JewishBanker911 Před měsícem

    Great interview

  • @bacool
    @bacool Před měsícem

    Because they’re losers

  • @mountnstream
    @mountnstream Před měsícem

    6 hours of schadenfreude is want I needed in my life!

  • @phyllisgarnett6488
    @phyllisgarnett6488 Před měsícem

    Fascinating interview. MY husband was an Account Executive with the company. Top revenue producer. Major devastation to my family.

  • @DiegoRodriguesNL
    @DiegoRodriguesNL Před měsícem

    This video and the other Crypto King one are my absolute favorites. Can you please make more like this?!? I know there are a lot more people to roast in Crypto. FYI I am invested in Crypto, just like to get a different perspective every now and then 😊😂😂 or/and get a good laugh

  • @wuldntuliktonoptb6861
    @wuldntuliktonoptb6861 Před měsícem

    Oh yea they’re all in with your money then the spac kings pulling out his. But according to them he’s such a likable peoples person.

  • @odin9868
    @odin9868 Před měsícem

    great video the fact you use etherscan in lightmode is an affront to god but other than that, very informative, tyvm

  • @elizabethwoodley4340
    @elizabethwoodley4340 Před měsícem

    It may be my historian bias, but to me all of these things happening now with crypto and VCs are just replaying the very early days of stock markets. I know people will still say the US stock market is a scam, but many years of scandals, crashes, and resulting regulations have made the chances of retail investors being blatantly robbed much less likely. They called the Gilded Age market leaders the Robber Barons for very good reasons. Iterative regulation will never be a perfect solution, it’ll always be behind the curve, but it has worked to a degree.

  • @sergiootero5904
    @sergiootero5904 Před měsícem

    This guy gives Slavoj a run for his money

  • @peiterzatko8507
    @peiterzatko8507 Před měsícem

    👍🏼 nice episode! PS: EDGAR = Electronic Data Gathering Analysis and Retrieval Internally the “Analysis” part is occasionally dropped when conversationally expanding the acronym 😅

  • @guanxinated
    @guanxinated Před měsícem

    These types of allegations have been floating around since 2017. Maybe it's a Wirecard type of scenario and it takes 10+ years for this particular house of cards to fall. It's possible, but it hasn't worked so far, and to be honest with you, I'm heavily invested in Bitcoin - both financial and ideologically - so there's is much greater utility in Bitfinex and Tether getting away with it...whatever 'it' is. EDIT: Interesting findings and informative content, nonetheless!

  • @Jambonhead847
    @Jambonhead847 Před měsícem

    Superb video! More like this please 🙏

  • @deez_nu1s
    @deez_nu1s Před měsícem

    Guys the beginning of the episode with Giancarlo D is a great example why you should do "where is X now?" :)

  • @Roger_Smith
    @Roger_Smith Před měsícem

    I cracked up when this almost turned into a tether research livestream

  • @mr.hubiverse876
    @mr.hubiverse876 Před měsícem

    🔥🔥🔥🔥🔥🔥🙌🏻

  • @kocokan
    @kocokan Před měsícem

    So many people yell DYOR but almost no one explain how, they do

  • @buriedpet
    @buriedpet Před měsícem

    DUDE, YES! TY!

  • @torontowill
    @torontowill Před měsícem

    Another trick for figuring out the formal legal name behind a company - trademark search, and see who owns it. T&Cs and copyright notice are also very good places to start, though depending on how professional of an operation it is, those can be wrong. Separately, “weird numbering thing” with Canadian corps - you have to pay extra and jump through some extra hoops to name a corporation, eg a paid search to make sure the name is available. Default is a number, it’s cheaper and faster.

  • @codygunter4379
    @codygunter4379 Před měsícem

    Thanks as always for the episode!

  • @baoboumusic
    @baoboumusic Před měsícem

    Now that's a title that grabs my attention. Add to that it's Crypto Critics Corner... I'm listening!

  • @TangoBinAlsheed
    @TangoBinAlsheed Před měsícem

    26:42 Thanks for Highlighting how transparent corporate records are in Florida. Don't Give DeSantis Ideas!!

    • @CryptoCriticPod
      @CryptoCriticPod Před měsícem

      I mean…DeSantis already has ideas and we’ve seen some of the broader Sunshine laws get repealed or restricted

  • @shubhampk7091
    @shubhampk7091 Před měsícem

    Just brilliant content, pure gold

  • @deleon9k805
    @deleon9k805 Před měsícem

    Bitcoin not crypto

  • @themarginalcostofwisdom
    @themarginalcostofwisdom Před měsícem

    Cas and Bennett, I greatly appreciate your content, particularly for hosting guests with diverse viewpoints. The presence of debate is sorely lacking from this platform.. One of the key points that had me nodding was the distinction Travis made between capitalists and free market absolutists. The extreme and loud perspectives of the latter often overshadow more moderate discussions, which is detrimental to a balanced discourse. It's crucial not to overlook the numerous benefits that markets have facilitated. However, as someone in the tech industry, I believe we are in dire need of more robust regulation. I concur with Cas that some of the most problematic voices in venture capital tend to dominate the narrative excessively. We need regulations that preserve the advantages Travis highlighted while mitigating the negative outcomes Cas discussed. This conversation has reinforced my belief that such regulation is not only necessary but also feasible. For instance, imposing a cap on fund sizes could be a practical measure that tempers the excesses of venture capital without undermining its effective elements. This dialogue has underscored how realistic and constructive conversations can yield potential courses forward when moderated voices lead the discussion.

  • @wewliusevola
    @wewliusevola Před měsícem

    Everybody examining what Kimmel has to say as intellectual is misunderstanding other dynamics at play. The free market economy open to financialisation, for which modern capitalism is predicated upon are massively beneficial to groups of people for whom borders are no boundary for inter ethnic cooperation. A socialist society where the governemnt oversees finances, will utltimately be a tougher nut to crack from the perspective of international finance. From an ethnic perspective, some interest groups benefit more from one arrangement versus others. This outlook can be taken to its extreme with Ayn Rand, once seen through the lense of ethnic ingroup preference, the commitment to the ideology of capitalism begins to make sense.

  • @joeroberts5428
    @joeroberts5428 Před měsícem

    How about i just make slightly more money than i spend...and keep doing that...

  • @j.r.ransom6556
    @j.r.ransom6556 Před měsícem

    😆😅🤣😂 Bennett your commentary is priceless! This video is on par with a Last Week Tonight episode. Throughly enjoy all you do and will always be back to see your newest work 🫠

  • @lug.5329
    @lug.5329 Před měsícem

    Why does he like capitalism?

  • @toddemch5845
    @toddemch5845 Před 2 měsíci

    There is no real free market there is no true capitalism, as proved back when the US Govt bailed out Chysler, the Banks in 2008, Silicon Valley etc, the US currently set up to privatize all Gains, and socialize all loses. We are a corporatocracy, giving lip service to both Democracy and Capitalism. This was not always the story but, that is no longer the state of affairs.

  • @patrickchase5614
    @patrickchase5614 Před 2 měsíci

    I binge-watched a couple of these and immediately made a $100 donation to Molly. You guys are an awesome combo.

  • @W4t3rf1r3
    @W4t3rf1r3 Před 2 měsíci

    I want to object to something you said at 37:00. The NTSB is not a regulatory body. They investigate incidents and issue recommendations, but the recommendations are non-binding. They do not make any rules.

  • @IdaReggaeMon
    @IdaReggaeMon Před 2 měsíci

    The guest is just…not a very good capitalist. He recognizes all of the bad things that capitalism ultimately becomes, but fails to recognize those late stage outcomes as capitalism.

  • @sallyd3700
    @sallyd3700 Před 2 měsíci

    Capitalism is bad. It’s bad for the environment. It’s bad for workers. There is absolutely nothing healthy about that structure, but let’s be real here. You don’t give a fly fk about that. VC’s are nothing more than a rigged casino. Take Sequoia “investing” massive funds in FTX only to have FTX quietly return those most of those funds. In other words, fraud. What is being discussed here is not Capitalism, though. That died in 2008 with the nationalization of the banks without any of the benefits to society of nationalization. What this is Yanis Varoufakis describes brilliantly is Technofeudalism. Capitalism could have been a real boon to society if the social relations had been organized around need not profit. The way Capitalism was structured you get entitled insufferable aholes like all in guys…and basically this guy.

  • @cutback443
    @cutback443 Před 2 měsíci

    Yes. Yes it 100% is

  • @AkiVainio
    @AkiVainio Před 2 měsíci

    I think there's a faulty conflation of markets and capitalism. Capitalism wants to destroy markets, because markets force them to compete. They just want to make the money.

  • @douglaspouch5313
    @douglaspouch5313 Před 2 měsíci

    I always thought that the Pentagon budget, which now stands at about 1 trillion dollars, was a way to get the public to fund high technology industry.

    • @vietimports
      @vietimports Před 2 měsíci

      a big chunk of military spending is pretty much technology and science spending. the only reason scientists or universities get grant money is because somewhere down the line the government (read: the military) thinks there is some practical use. at best it becomes the internet, at worst it becomes a nuke

  • @anonymous1432341
    @anonymous1432341 Před 2 měsíci

    Is this Travis from Colorado? That guy is really cool.

  • @albertschmitz7155
    @albertschmitz7155 Před 2 měsíci

    I think what drives me the craziest is this argument of "capitalism not bad, we just do bad capitalism." Im glad the self-avowed capitalist guest recognizes the centralising power of the corporation but then he goes on to claim capitalism is about small and local but excuse me, what?! For all of capitalist history the system tends toward centralising power because thats what power does. Liberetarians and the like always go in for this idealized market capitalism but that is an unstable fixed point if it exists at all. A winner emerges and feeds back to win even harder, the frontier encloses and the players consolidate, the system of profits-first incentives capture of markets and those who police it. That is the stable fixed point. All the "bad capitalism" doesn't come about because we lost our way or something, it is the inevitable end point, or at least until a cataclysmic failures comes about.

  • @sallyd3700
    @sallyd3700 Před 2 měsíci

    Love the podcast. Just throwing out, since you’re a very important role in critiquing crypto, reducing socialism as silly, maybe read Capital Vol 1, 2, 3. You may find your views have a bit of an echo in a lot of what Marx addresses in his critique of Capitalism. Marx is misunderstood by many that claim to be experts and much of what is attributed to his ideology would be quite a surprise to him. Then again, he himself said he would be anti Marxist the way he was represented.

  • @motionthings
    @motionthings Před 2 měsíci

    Capitalism died in 2008 when the banks and Wall street were bailed out, we just have not come to terms with it yet. We need a new system. Fun fact. Cicero invented capitalism, but his system also had morals as an integral part. Also. One of the cornerstones of a free market is free movement of labor. That is not happening, so there is no free market.

  • @Canadian_Skeptical
    @Canadian_Skeptical Před 2 měsíci

    Coffee is the great scam buster!!