Odd Lots What Ben McKenzie Learned When He Started Investigating Crypto
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Jun 29, 2023 Ben McKenzie, an actor known for his roles in The OC and Gotham, dives deep into the world of cryptocurrency as he shares insights from his book, "Easy Money." McKenzie discusses his surprising journey from casual interest to uncovering rampant fraud within the crypto industry. He highlights the psychological allure of crypto, especially among young men, and draws parallels with traditional finance. The conversation touches on the regulatory challenges and the dark underbelly of crypto, illuminating why he believes the system is designed to benefit a select few.
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Exchange-Issued Tokens
- FTX exemplifies the dangers of exchanges issuing their own tokens.
- This creates conflicts of interest and potential for manipulation, as seen with FTT.
Dishonest Crypto Markets
- Crypto markets, rife with wash trading and manipulation, aren't honest.
- Law enforcement action is needed to uncover the real money and address this issue.
Binance's Elusive Success
- Binance's success comes from aggressive client courting and a lack of headquarters.
- This makes regulation difficult, as seen with their Tai Chi strategy.
