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NYGBC: Crypto, Just Say No!

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Manage episode 429300629 series 2770341
Content provided by NYGBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NYGBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week, on Kevin’s ADHD roller coaster topical tour, we take a trip to cryptocurrency mountain, where the water tastes like Lambos and the grift flows like wine. That’s right, cryptocurrency is a ponzi scheme, but somehow more environmentally destructive than Bernie Madoff even tried to be.

Thanks as always for listening and enjoy the show!

Become a patron at patreon.com/NYGBCpod

Find this episode on our website at NYGBCpod.com

Follow us on twitter at @NYGBCpod

Follow us on Bluesky @nygbcpod.bsky.social

Show Links:

Line Goes Up: https://www.youtube.com/watch?v=YQ_xWvX1n9g&t=1s

Bitcoin transaction fees: https://ycharts.com/indicators/bitcoin_average_confirmation_time

Nicholas Weaver explains why crypto is a scam: https://www.vox.com/conversations/2018/4/11/17206018/bitcoin-blockchain-cryptocurrency-weaver

SPLC tracked donations to Alex Jones and white supremacist groups: o https://www.splcenter.org/hatewatch/2022/04/29/updated-anonymous-donor-drops-2-million-bitcoin-alex-jones

EIA In Depth Analysis on Crypto energy usage: https://www.eia.gov/todayinenergy/detail.php?id=61364

Coindesk reports the cost to mint bitcoin: https://www.coindesk.com/markets/2024/05/16/bitcoin-mining-cost-estimate-drops-to-45k-as-inefficient-miners-exit-jpmorgan/

The Real World Costs of the Digital Race for Bitcoin: https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html

Bitcoin magazine on crypto electricity usage vs global banking system: https://www.nasdaq.com/articles/research:-bitcoin-consumes-less-than-half-the-energy-of-the-banking-or-gold-industries

Digiconomist on the real cost of bitcoin: https://digiconomist.net/bitcoin-energy-consumption

Bitcoin transaction fees hit record highs: https://www.coindesk.com/tech/2024/04/21/bitcoin-miners-reap-windfall-as-runes-debut-sends-transaction-fees-to-record-highs/#:~:text=Bitcoin%20transaction%20fees%20averaged%20a,based%20on%20coordinated%20universal%20time.

Bitcoin transaction fees hit 2020 lows: https://cointelegraph.com/news/bitcoin-transaction-fees-lowest-2020

Financial Times explains why bitcoin is worse than a Madoff style Ponzi Scheme: https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0

  continue reading

231 episodes

Artwork
iconShare
 
Manage episode 429300629 series 2770341
Content provided by NYGBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NYGBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week, on Kevin’s ADHD roller coaster topical tour, we take a trip to cryptocurrency mountain, where the water tastes like Lambos and the grift flows like wine. That’s right, cryptocurrency is a ponzi scheme, but somehow more environmentally destructive than Bernie Madoff even tried to be.

Thanks as always for listening and enjoy the show!

Become a patron at patreon.com/NYGBCpod

Find this episode on our website at NYGBCpod.com

Follow us on twitter at @NYGBCpod

Follow us on Bluesky @nygbcpod.bsky.social

Show Links:

Line Goes Up: https://www.youtube.com/watch?v=YQ_xWvX1n9g&t=1s

Bitcoin transaction fees: https://ycharts.com/indicators/bitcoin_average_confirmation_time

Nicholas Weaver explains why crypto is a scam: https://www.vox.com/conversations/2018/4/11/17206018/bitcoin-blockchain-cryptocurrency-weaver

SPLC tracked donations to Alex Jones and white supremacist groups: o https://www.splcenter.org/hatewatch/2022/04/29/updated-anonymous-donor-drops-2-million-bitcoin-alex-jones

EIA In Depth Analysis on Crypto energy usage: https://www.eia.gov/todayinenergy/detail.php?id=61364

Coindesk reports the cost to mint bitcoin: https://www.coindesk.com/markets/2024/05/16/bitcoin-mining-cost-estimate-drops-to-45k-as-inefficient-miners-exit-jpmorgan/

The Real World Costs of the Digital Race for Bitcoin: https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html

Bitcoin magazine on crypto electricity usage vs global banking system: https://www.nasdaq.com/articles/research:-bitcoin-consumes-less-than-half-the-energy-of-the-banking-or-gold-industries

Digiconomist on the real cost of bitcoin: https://digiconomist.net/bitcoin-energy-consumption

Bitcoin transaction fees hit record highs: https://www.coindesk.com/tech/2024/04/21/bitcoin-miners-reap-windfall-as-runes-debut-sends-transaction-fees-to-record-highs/#:~:text=Bitcoin%20transaction%20fees%20averaged%20a,based%20on%20coordinated%20universal%20time.

Bitcoin transaction fees hit 2020 lows: https://cointelegraph.com/news/bitcoin-transaction-fees-lowest-2020

Financial Times explains why bitcoin is worse than a Madoff style Ponzi Scheme: https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0

  continue reading

231 episodes

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