Behind the Bastards

It Could Happen Here Weekly 171

Mar 1, 2025
Molly White, a crypto journalist known for her keen insights into cryptocurrency, Steve Monticelli, who investigates extremism, and Dr. Michael Phillips, a historian specializing in racism and eugenics, join the conversation. The trio delves into the rise of arguably absurd meme coins influencing Argentine politics and critiques the dark side of crypto scams. They also examine the tensions surrounding critical race theory in education, alongside a discussion about America's complex Christian identity and the reshaping of political narratives by neo-reactionaries.
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ANECDOTE

Developer's Defense

  • Libra developers admitted to sniping the token, claiming it was to protect the market from other snipers.
  • This "protection" involved buying low and slowly reseeding tokens.
INSIGHT

Libra's Real Impact

  • Despite claims of billions, the Libra scam involved far less actual money due to crypto's inflated valuations.
  • Real people lost real money, highlighting the tangible consequences.
INSIGHT

Milei's Response

  • Milei's downplaying of the Libra scandal by calling it "Russian roulette" and minimizing the number of victims is consistent with his character.
  • This direct targeting of his base contrasts with Trump's approach, making it more damaging.
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