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Shitcoins: are pointless cryptocurrencies a scam or a gamble?

Shitcoins: are pointless cryptocurrencies a scam or a gamble?

FromScience Weekly


Shitcoins: are pointless cryptocurrencies a scam or a gamble?

FromScience Weekly

ratings:
Length:
17 minutes
Released:
Jun 28, 2022
Format:
Podcast episode

Description

When the Guardian’s UK technology editor Alex Hern was contacted on Twitter to ask if he was involved in a new cryptocurrency called Tsuka, he assumed they just wanted him to buy it. He ignored the messages. But soon after Alex realised that, without knowing it, he was already involved. What happened next reveals a lot about the strange world of ‘shitcoins’ – cryptocurrencies with no reason for existence beyond buying low and selling high. Madeleine Finlay speaks to Alex Hern about his shitcoin saga, and how the lines can get blurred between a gamble and a scam. Help support our independent journalism at theguardian.com/sciencepod
Released:
Jun 28, 2022
Format:
Podcast episode

Titles in the series (100)

Due to the coronavirus pandemic, the Science Weekly podcast will now explore some of the crucial scientific questions about Covid-19. Led by its usual hosts  Ian Sample,  Hannah Devlin and  Nicola Davis, as well as the Guardian's health editor Sarah Boseley, we’ll be taking questions – some sent by you – to experts on the frontline of the global outbreak. Send us your questions here:  theguardian.com/covid19questions