20 episodes

Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.

Scam Economy Matt Binder

    • Technology
    • 4.9 • 271 Ratings

Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.

    15: Terra, Luna, & The Crypto Crash: Everything You Need to Know (w/ Bennett Tomlin of Crypto Critics' Corner)

    15: Terra, Luna, & The Crypto Crash: Everything You Need to Know (w/ Bennett Tomlin of Crypto Critics' Corner)

    EMERGENCY POD! The crypto market is in a free fall. What is happening?! Bennett Tomlin of Crypto Critics' Corner joins Scam Economy with Matt Binder to break down what stablecoin Terra (UST) is, why it lost its peg and what that means, how its sister coin Luna factors in to all this, and how this all led to one of the biggest crashes across the entire cryptocurrency market – one that has Bitcoin at its lowest value in nearly a year and a half. Bennett and Matt also discuss the coins' parent company, Terraform and its eclectic founder Do Kwon, what an "algorithmic stablecoin" is, and how the whole thing is a ponzi. If that wasn't enough, the two also take a look at some of the conspiracies such as Blackrock and Citadel "attacking" Terra and how a Major League Baseball team was sharing Terra marketing videos as the whole thing came tumbling down. Support the show: http://www.patreon.com/mattbinder

    • 54 min
    14: Crypto Bad Ideas: Abortions on the Blockchain!? + Bored Apes Break Ethereum (w/ Molly White)

    14: Crypto Bad Ideas: Abortions on the Blockchain!? + Bored Apes Break Ethereum (w/ Molly White)

    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

    • 56 min
    13: Arrested for Protesting Bitcoin (w/ Mario Gomez)

    13: Arrested for Protesting Bitcoin (w/ Mario Gomez)

    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

    • 1 hr 12 min
    12: A/S/L/Crypto?: The Dating App Crypto Scam Scourge

    12: A/S/L/Crypto?: The Dating App Crypto Scam Scourge

    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

    • 1 hr 7 min
    11: Inside the Bizarre Bitcoin 2022 Conference (w/ Ryan Broderick)

    11: Inside the Bizarre Bitcoin 2022 Conference (w/ Ryan Broderick)

    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

    • 1 hr 9 min
    10: Bitcoin Goes Green[washing] (w/ Leanna First-Arai)

    10: Bitcoin Goes Green[washing] (w/ Leanna First-Arai)

    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

    • 50 min

Customer Reviews

4.9 out of 5
271 Ratings

271 Ratings

also a geezer ,

Scam economy is great

Watch it before getting involved with any web 3 crap.

DopeBro ,

The best crypto podcast

Love the show, Matt! My one critique is that I think you should have more true believers on, especially in the post-show. It would be good to hear arguments from both sides, and fun to hear you dismantle their arguments. Like when a libertarian calls into MR to debate Sam. The same type of calls over and over again from people who agree with you get stale.

Still, I learn a lot from your show and you have great guests. Keep up the good work!

Kitty's Hooch ,

Matt spittin facts Binder

Left is best!

Top Podcasts In Technology

Jason Calacanis
Lex Fridman
Jack Rhysider
NPR
Gimlet
PJ Vogt

You Might Also Like

Matt Binder
Jared Holt
Cas Piancey and Bennett Tomlin
Paris Marx
Jamie Peck, Sean KB and AP Andy
Daniel Bessner & Derek Davison