Altcoin Influencers Gave into Greed with Giacomo Zucco
On this episode of Magic Internet Money, host Brad Mills invites tech entrepreneur and Bitcoin maximalist Giacomo Zucco onto the show to talk in detail about altcoins and how they’re changing the crypto landscape. Zucco offers much of his financial and technical knowledge about blockchain technology to explain his preference for Bitcoin over altcoins. Zucco discusses with Brad their experience with Bitcoiners that began using their reputation to pump up the value of altcoins and then dump them at a peak value. The duo discuss the fallout from these events and the importance of honesty and consistency when you’re a voice in the cryptocurrency community.
Timestamps
00:00:20 - Introduction
00:04:09 - Show start
00:07:04 - What makes people switch to altcoins?
00:15:25 - Providing context about Trace Mayer and other early bitcoiners
00:20:40 - Coin joining and its effects
00:35:02 - Clean coins and dirty coins
00:40:52 - Scamming in the crypto community
00:45:01 - How personal reputation affects crypto value
00:46:58 - DeFi and educating people about tech scams
00:55:21 - The technical sides of Bitcoin and Ethereum
01:00:18 - How altcoins resemble Intranets and closing remarks
Links to Mentions in the Show
Find Giacomo Zucco
Find Brad Mills
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Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech
Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.