Our investigation of the real and the fake continues as your host hunts for a way to monetize it! We ask Alex Goldmark from Planet Money and Bitchcoin artist Sarah Meyohas for advice and author David Golumbia explains how bitcoin really works. Lyn Jeffrey takes us to China to learn about the multi level marketing craze of the mid 1990s and Jed Rothstein tells us about his new movie The China Hustle. Journalist Zeke Faux explains why scammers love Facebook and Toe’s Andrew Callaway visits Supreme to learn how to get rich off Streetwear. PLUS… the ToE coin!
Monetizing the Fake
Technology that doesn't work
David Golumbia believes that bitcoin is classic snake oil. It doesn’t even work as a currency! He sees the fanatical faith in bitcoin as making it like a cult — a cult that’s backed by right wing ideology.
How can you face the real if you can't handle the fake?
A recent ICO in China that was supercharged by MLMs led me to Lyn Jeffery to tell me about her experiences in China so I can understand how to make people believe in the fake. I also spoke to Jed Rothstein, director of The China Hustle about reverse mergers and the inherent fakeness of the global financial system.