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. Timestamps00:00:20 - Introduction00:04:09 - Show start00:07:04 - What makes people switch to altcoins?00:15:25 - Providing context about Trace Mayer and other early bitcoiners00:20:40 - Coin joining and its effects00:35:02 - Clean coins and dirty coins00:40:52 - Scamming in the crypto community00:45:01 - How personal reputation affects crypto value00:46:58 - DeFi and educating people about tech scams00:55:21 - The technical sides of Bitcoin and Ethereum01:00:18 - How altcoins resemble Intranets and closing remarksLinks to Mentions in the ShowZuck BucksTrace MayerAndreas AntonopoulosWyoming Bitcoin lawsCoin joiningDeFiFind Giacomo ZuccoGiacomo Zucco LinkedInGiacomo Zucco TwitterGiacomo Zucco MediumFind Brad MillsBrad Mills TwitterMagic Internet Money TwitterMagic Internet Money FacebookMagic Internet Money InstagramProduced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast TechOther Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.