2020s: "Bitcoin is phony and I should know because I interviewed a dodgy crypto exchange CEO" 1860s: "I know crude oil is fake because I interviewed an issuer of dodgy oil company stock certificates"

Just like in bitcoin today, there were lots of crude oil swindles in the 1860s. "I did so much homework! Interviewed pres. S.W. Indle, treasurer D. Faulter, vice pres. Hon. R. Ascal, and secretary S. Teal. What more could you ask for?" Cartoon source:

Lots of parallels to be drawn between bitcoin and the early oil industry, which was also rife with scams:

My write-up from 2014, "Why Bitcoin is the petroleum of our time":

One reason why bitcoin is so misunderstood: it's hard to grasp that it's a layered protocol.

A thread I made about the early petroleum industry, again suggesting some parallels with bitcoin today:

"Stacking sats? You mean convert my government money into bitcoin and save it for the long term? You're crazy!"

🤣🤣🤣 He’ll look back on this period of his life someday and cringe. After 2 years of research he thinks SBF is the “head of the industry” 🤣

He was talking about CZ, but same point :-)

What an arrogant person

The Physiognomy of the hosts of the show tells you what you need to know about the kinds of people who'd take this actor seriously.