Unchained Not Just FTX: One Skeptic’s Take on Why Crypto Is a Scam - Ep. 446
Jan 24, 2023
James Block, a crypto skeptic and author of Dirty Bubble Media, shares his critical views on the cryptocurrency landscape. He discusses his early interest in Tether and why he thinks many crypto projects resemble Ponzi schemes. Block delves into the questionable legitimacy of platforms like Coinbase and highlights the dubious connections between FTX and Celsius. He also argues that the intrinsic value of Bitcoin is subjective and warns about the regulatory challenges facing stablecoins. His insights draw parallels between financial fraud throughout history, emphasizing the need for accountability in the crypto space.
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From Medicine to Crypto
- James Block, a medical doctor, became interested in crypto about a year and a half before the podcast.
- His interest began with Tether and grew into researching and writing about potential financial fraud in the crypto space.
Newsletter Launch
- James launched his newsletter, Dirty Bubble Media, in January 2022 after his Twitter account got hacked.
- He initially used Substack as a backup, later publishing original articles on Celsius and NFTs.
Crypto Skepticism
- James is skeptical of crypto projects that sell tokens or investment schemes directly to consumers.
- He questions the legitimacy of exchanges that list questionable assets, even if they operate honestly.