Page 94: The Private Eye Podcast

128: Tales From The Crypto

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Dec 11, 2024
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ANECDOTE

Trump's Crypto Flip-Flop

  • Donald Trump's interest in cryptocurrency has renewed public focus on it.
  • He plans to utilize it in American fiscal policy, despite past criticisms.
INSIGHT

Crypto's Dark Side

  • Cryptocurrencies, lacking government backing, are volatile and used for speculation, money laundering, and illicit activities.
  • Bitcoin's early popularity stemmed from its use in dark web drug purchases.
ANECDOTE

Meme Coin Mania

  • Meme coins, like Dogecoin, are driven by online trends and used in pump-and-dump schemes.
  • Helen Lewis jokingly illustrates how creating and inflating a "Helen coin" could lead to profit for the creator and losses for investors.
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