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

Links to Mentions in the Show

Zuck Bucks

Trace Mayer

Andreas Antonopoulos

Wyoming Bitcoin laws

Coin joining

DeFi

Find Giacomo Zucco

Giacomo Zucco LinkedIn

Giacomo Zucco Twitter

Giacomo Zucco Medium

Find Brad Mills

Brad Mills Twitter

Magic Internet Money Twitter

Magic Internet Money Facebook

Magic Internet Money Instagram

Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.