Sixteenth Minute (of Fame) hawk tuah bonus feat. ed zitron
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Feb 6, 2025 In this intriguing discussion, Ed Zitron, host of Better Offline and creator of the newsletter Where's Your Ed At, delves into the Hawk Tuah crypto scam and the potential outcomes of the impending lawsuit. He offers a keen analysis of the dark side of cryptocurrency, including the vulnerability of investors and the troubling trend of celebrity endorsements amidst a landscape ripe with scams. Zitron further explores the emotional toll of navigating micro-celebrity culture and the urgent need for accountability in the murky world of crypto.
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ApeCoin Rug Pull
- Ed Zitron witnessed a rug pull called ApeCoin on the Polygon blockchain.
- Its notoriety stemmed from the involvement of a famous person and the sheer scale of the market manipulation.
Hawk Tour Notoriety
- The Hawk Tour crypto scam gained attention due to the person's fame, not its complexity.
- The substantial market capitalization, briefly reaching half a billion dollars before crashing, added to its notoriety.
Cynicism in Crypto Scams
- Crypto scams thrive on cynicism, allowing early participants to exploit others.
- This reflects a flawed system where exploiting others is seen as a viable path to wealth.