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"Joke" Cryptocurrency Hits Jackpot



A person created a cryptocurrency as a joke known as “SCAM,” now it is value $70 million. Ana Kasparian and Cenk Uygur talk about on The Younger Turks. Watch LIVE weekdays 6-8 pm ET.

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“As cryptocurrencies have grown in reputation and valuation, each parodies and apparent schemes have cropped up with sometimes little distinction. However nothing up till now has ready you for SCAM, or Easy Cool Computerized Cash, the wild creation of a TikToker who goes by Dre and could be very open about having no clue what he’s doing because the founding father of a brand new cryptocurrency with a $2.5 million market cap.”

Hosts: Ana Kasparian, Cenk Uygur

Forged: Ana Kasparian, Cenk Uygur

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210504__TB05_Joke_CryptoCurrency

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29 Comments

  1. ahhhhhh you are so far behind on this………you can call the coin whatever you want. scam coin ok….its still just a pump and dump scheme. totally fair play…its not going to win any meta game ever.

  2. Crypto is a great tool for wealth creation if used correctly. Its also a great way to hedge against inflation since youre taking dollars out of the money supply caused by massive spending. Its a great store of value and its very liquid….as opposed to gold, you dont walk around paying with gold dust or gold coins at the grocery store. BUT IT HAS TO BE DECENTRALIZED Central bank digital currencies are the end of financial freedom. Progressives HAVE to advocate strongly for the legal use of decentralized digital currencies.

  3. wall street, pension funds, corporate balance sheets and family offices are piling into Blue Chip coins for past 3 years. Doge and many other are pure crap but I saw your old bitcoin video from years ago and you were dead wrong lol I became a millionaire since you and cenk talk smack on BTC

  4. As someone who’s been in the crypto space since 2017, you guys are 100% right about this. There are some really good crypto projects out there that are doing great things. And then there are the coins with a fancy name that basically don’t do anything. A ton of new investors have entered the space and are not necessarily buying only the coins that are legitimately good investments. So anyway, thank you for your fair assessment and not labeling all crypto as a scam.

  5. NOBODY BECOMES A MILLIONAIRE OR A BILLIONAIRE BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRING MILLIONS OF DOLLARS, AND CONSISTENCY BRING BILLIONS, THE MARKET IS ALL ABOUT BTC AT THE MOMENT NOW.

  6. I got caught with bit.coin 3yrs ago from some guy he took the initial €300 and then went in and took another €500 then he tried another bank account in a different bank that I didn't give him the account number for or any details at all but he found it somehow and tried €1000 he didn't get that so he tried for €500 and that bank red flagged it and called me. So I lost €800 in total. I'm disabled so it was over a months worth of money. So I wouldn't go near any " coin" ever again.

  7. I invested 50 bucks when dogecoin was $0.04 and at one point it was at $0.65! Win or lose I spend more in gas a week! Still trying to learn about the currency market! But, I do know trying to invest in the well-known cryptocurrency I'm going to need a lot more in $50!

  8. This whole system is a fraud. An unsustainable shared delusion. An attempt by grown people to get a free lunch. As though if everyone just agrees that growth can continue forever, then that makes it so. It's the economic equivalent of a perpetual motion machine.

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