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