66 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
    • 4.8 • 341 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.

    58: Her: OpenAI v. Scarlett Johansson

    58: Her: OpenAI v. Scarlett Johansson

    Scam Economy host Matt Binder breaks down the latest OpenAI scandal: an AI Voice Assistant that its CEO Sam Altman not so subtly tweeted "Her" about, resulting in a cease and desist from actress Scarlett Johansson. Is this just a voice impersonator or did OpenAI really use an AI voice trained on Johansson's?
    Visit: ScamEconomy.com
    Support the show: http://www.patreon.com/mattbinder

    • 50 min
    57: Crypto Number Goes Up + The AI Hype Bubble (w/ Ed Zitron of Better Offline)

    57: Crypto Number Goes Up + The AI Hype Bubble (w/ Ed Zitron of Better Offline)

    Ed Zitron of the new podcast Better Offline joins Scam Economy with Matt Binder to discuss Bitcoin and other cryptocurrencies getting some a new life and pumping in recent weeks, what's going on with crypto lately? We also discuss the AI hype bubble and Apple Vision Pro. Check out Ed's new podcast Better Offline at https://www.betteroffline.com/
    Visit: ScamEconomy.com
    Support the show: http://www.patreon.com/mattbinder

    • 1 hr 28 min
    56: How MrBeast Inadvertently Revealed X / Twitter Monetization is Rigged

    56: How MrBeast Inadvertently Revealed X / Twitter Monetization is Rigged

    MrBeast made a quarter of a million dollars by uploading a video to Elon Musk's X and in doing so revealed just how rigged the monetization system is. Scam Economy host Matt Binder walks through all the details of X Monetization, the little known X Amplify program, how Elon Musk and company pushed the famous YouTuber's content into social media feeds, and how basically no other creator can replicate MrBeast's earnings on the platform.

    Visit ScamEconomy.com

    Support the show: http://www.patreon.com/mattbinder

    • 54 min
    55: Sam Bankman-Fried Guilty!: The FTX Fraud Trial (w/ Molly White)

    55: Sam Bankman-Fried Guilty!: The FTX Fraud Trial (w/ Molly White)

    Molly White of Web3 is Going Great joins Scam Economy with Matt Binder to discuss the Sam Bankman-Fried trial. Molly brings us her first hand account from the days she spent at the court about the FTX founder's testimony and cross examination, what former FTX employees like SBF's ex Caroline Ellison had to say, and how SBF was found guilty on all 7 financial fraud charges. What does this mean for crypto and what's next going forward?

    Visit ScamEconomy.com

    Support the show: http://www.patreon.com/mattbinder

    • 1 hr 33 min
    54: The Tech Hype Bubble: VR Edition (w/ Paris Marx)

    54: The Tech Hype Bubble: VR Edition (w/ Paris Marx)

    Paris Marx of the Tech Won't Save Us podcast joins Scam Economy with Matt Binder to discuss one of the current big tech industry hype bubbles: VR or Virtual Reality. We break down Apple's entry into the field with the Vision Pro, Meta's play with their VR headset and its subsequent failings with the Metaverse, the crypto adjacent Web3 metaverse attempts, the tech industry's continuation to try and monetize everything, and much much more!

    Check out Paris Marx's newsletter, Disconnect, on the Apple Vision Pro: https://www.disconnect.blog/p/apples-vision-pro-headset-deserves

    Visit ScamEconomy.com

    Support the show: http://www.patreon.com/mattbinder

    • 1 hr 24 min
    53: Meta Launches Threads by Instagram as Elon Musk Wrecks Twitter

    53: Meta Launches Threads by Instagram as Elon Musk Wrecks Twitter

    The battle between Elon Musk and Mark Zuckerberg officially began on Wednesday, July 5th as Meta launched Threads by Instagram, it's Twitter competitor app. On this DOOMED and Scam Economy livestream crossover episode, Matt Binder breaks down the Threads app, the enshittification of Twitter by Elon Musk, how this past week's actions by Musk at Twitter which blocked logged out visitors from accessing Twitter and rate limited logged in users' daily tweet alottment may actually be Musk's worst move at Twitter yet, where the other Twitter alternatives like bluesky, Mastodon, and Spill fit into the equation, what the future of the internet will look like, and is Twitter now actually dying? (Episode from the 7/5/23 livestream show.) Support the show: http://www.patreon.com/mattbinder

    • 1 hr 2 min

Customer Reviews

4.8 out of 5
341 Ratings

341 Ratings

UCanCallMeFred ,

Highly topical and insightful!

Much in the modern tech world is worthy of the kind of crafty roasting that Matt Binder delivers. I wish the episodes were more frequent, but they are brilliant, funny, and informative.

Bad Advuse ,

Love this BUT

Could the male stop using “Like” all the time. Also his awful laugh. Would enjoy so so much more. Otherwise I LOVE THIS PODCAST 🫶🏼

Ahimsa2013 ,

The negative sides of crypto

I really enjoy this podcast because both the host and the guests are knowledgeable and I learn new things every time.

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