Number Go Up - Zeke Faux Interview

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  • Опубликовано: 29 сен 2024
  • Bloomberg journalist Zeke Faux travelled around the world to better understand the world of crypto currencies, meeting the biggest names in the space on superyachts in the Caribbean, at parties in Miami and travelling to El Salvador to see how bitcoin is being used in the real world.
    Along the way he buys a Bored Ape with his book advance and sends Tether to a scammer in Cambodia to learn the real-world uses of cryptocurrencies.
    Here is a link to the book on Amazon - amzn.to/44VPpuy If you enjoyed this interview, you should enjoy the book too.
    Patrick's Books:
    Statistics For The Trading Floor: amzn.to/3eerLA0
    Derivatives For The Trading Floor: amzn.to/3cjsyPF
    Corporate Finance: amzn.to/3fn3rvC
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Комментарии • 1,3 тыс.

  • @PBoyle
    @PBoyle  Год назад +184

    Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance : Paul Rohrbaugh, Marc De Mesel, Nate Stapleton,Timothy Baird, WIlam, Hernan Merino, Random Encounter, Nieuwsbrief Ikwil, Bee Positive Consulting, hyunjung Kim, John Cadena, Ian Tracey, Callum McLean, Oscar, Simon Pena, Ed, Erik Van Ekelenburg, David O'Connor, Pjotr Bekkering, Alex, Robert W Proudfoot, Andre Michel, Ivan Iliev, Gopaljee Atulya, Mark Hooker, Artem Vasenin, Sebastian, Michal Lacko, Peter Bočan, Michael Pierce, V Jordan, Gil, Mark Brophy, David Urdenata, Juan Valdez, Bruce Roberts, Chad Norman, Bruce Roberts, Shamikh Rana, Friday Guy, Marc De Mesel, Augusto Ramos, Soy Boomer Doomer, Bob Slartabartfast, Robert Feiler, Camil Dbouk, Erik Montesinos, Matthew Loos, Az Indragiri, Aman Bali, Lautaro Parada, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston, Dominik Auerbach, Gurmeet Kaushal, John Hall, Dara Mo, Josef Goergen, Wilbert Cheng, Jaroslav Tupý, Trevor Lucey JB Weld, Alex, Carlos Figuera, Peter Pomelov, Null065, Rick Thor, MeBerzerk, Henry Nguyen, Sola F, The Collier, Carlos Mejia, J Wadia, Bitcoin OG, easy boekhouding, Albert, Eugene Jung, Daniel Cervini, Jonathon Yong, Iris Ji, Emil Nicolaie Perhinschi, Charles, Eli Auto, Excks, Michael Li, Par Hedman, Praveen Mishra, Gerard Scott, joel köykkä, Areeb Ahmed, David Wang, Rodolfo Cornetti, Daniel Winroth, johnny, Nick Jerrat, Chris Houston, Alastair Currie, Robert Griffin, Andrei, zizi Golo, Fab Vida, Constantin Petrenco, pawel irisik, NotAScam, James Halliday, 22 Dust, Carsten Baukrowitz, Heinrich, Arron T, Ben Brown, Stephen Mortimer (to The Moon), Ryan B. Hicks, Liam, Logan Vrankovic, William Heaton, Paul McCourt, Daniel, Aaryan Koura, Christopher Boersma, Ulf Lundblad, Dorothy Watson, Greg Blake, Simon Bone, Livermores Quant, The Collier Report, Scott Gardner, The Man Koala, Brian McCullough, Finance Student, Julie, Mohammad Rehman, James Wallace, Daniel Poellmann, Edosa Odigie, Dixon Yuen, Marek Novák, Stamatis Drepaniotis Michael Smith, Ahmed Hamadto, Chris Davey, Mike Farmwald, Michael A. Mayo, Lachezar Georgiev, Bradley Johnson, Sagar Gudi, Michael Chessar, Kate ATL, Tong Cheung, Lady Dje, James Barnes, Chris Hall, Kurt Johnston, ICBM Catcher Juan Valdes, Linn Engström, Veltsh, Konrad P-kala, Pastacat, Adam Vorting, Matthew McQuade, Christopher Lesner, freebird, Kenneth WedMore Lund, erfective, Jason Young, Jonathan Kopnick, Peter Hendrickson, steel, Bastien, Tom Willett, Chris Whitehead, Anil Jason, JOJO, AS7, Greg Thatcher, Ezekiel Templin, MrLuigi1138, Leszek Frankowski, Nam Nguyen, Karim THIBAULT, C, David R. Ingemi, Robert Wave, Dmitri Alexeev, Aaron Rose, Ethan Hernandez, Claude Chevroulet, Stephan Marosvary, Louis Julien, Jan Lukas Kiermeyer, Gearoid O Connor, Fredrick Saupe, Subliminal Transformation, Alex McMahon, Adi, Ben, Kurt Mueller, Janusz Wieczorek, Federico Viscomi, Corgi, Mahdi, Burgerinn, Quinn Cone, QiKaiQian, Stephen, Joshua Rosenthal, Michael Smith, Emilian Marius Tudor, Cormac, Ian Shearer, Michael Kopřiva, Tinni, Goran Milivojevic, Joe Del Vicario, Alexandre Mah, Norman A. Letterman, maRiano polidoRi, Stephan Prinz, Gary Yrag, Mattia Midali, Matthew Berry, Jay T, Gabor, Shivendra Saklani, Zachary Tu, Jeffrey, Lane Alan Deyoe, Chett Flynn Jonathan Horn, Mo Herbert, Justin Thuet, Olaf Thiele, Ivan Ilaev, Todd Gross, Douglas Caldwell, Wade Hobbs, Volodymyr Palii, James Hoctor, Gavotti SGP, Ryne Davis, Jean-Philippe Lemoussu, Keanu Thierolf, Michael Chow, Stefan Alexander, Miroslav Ognyanov, Scott Guthery, Vanya Davidenko, Arto Karhu, James Bache, Jason Harner, Dale Patch, Stefan Penner, Arvid, Eric, Jonathan Metter, John Way, Maria Baker, Sharath Vulupala, Keith Elkin, Chris Nicholl, Luis Carmona, Vinci Chan, Olivier, Yasha, James Yoh, Eduardo Martinez, Adi Blue, Swain Gant, georgejr, hyeora, old gambling art bag, Boussaken, Lukas Braszus, Vik, Chris Albertson, Sprite_tm, matt f, Douglas Caldwell, Adgn, Chris Rock, Tuan Nguyen Minh, Daniel Baak, Jeremy King, Julien Debache, M1, Dougald Middleton, Tom, Diarmuid Kelly, Gregory Mahoney, Angelo Rauseo, Ryne Davis, Anne Molphy, Ekaterina Lukyanets, Alfred, sugarfrosted, Okkie, Larry, Sarah, miilo, Alexandre GUYAMIER-CROISSANT, Alex C, Henk S, Noel Kurth, John Tran, Daniel Soderberg, Daniel Ralea, Steve Crotti, Shaun Deanesh, DaFlesh, Dominique Buri, B P, Manmeet Sheera, Stephen Walker, Richard Stagg, Bo Grünberger, Justin Sublette, Paul Twilley, 인기 김, Louis Görtz, Arjun K.S, josef strand, Simon Crosby, Alex Do, Minnah seoh, Jacob Snedaker, Edgar De Sola, Izidor Vetrih, WhiskeyTuesday, Compuart, Felix Goroncy, Nick Top, Anita Mui, C.J. Christie, lazypikachu23, Olivia Ney, Steven, Jordan Millar, Reagan Glazier, Viki Rebic, Adrian, KoolJBlack, Deborah R. Moore, Alonso Ibarra, Dru Hill, Dean Maurer, Tim Jamison, gavin, Ultramagic, HEWHOSHALLNOTBENAMED, Nigel Knight, Daniel Winroth, Paul Niekamp, Job Zamora, Zhnjy, Brian K. Lee, Tony Bianucci, storm, scott johnson, Suzy Maclay, Agatha DeStories, Chris Peterson, Nesh Hassan, Molly Carr, Christan, Michael Jones, Ross P, Conor Rainey, Milos Krljanovic, Richard Hagen, Nicholas Muller, Adam Stickney, Peter Weiden, RVM, Brainless, Marcio Andreazzi, Yih Pin, Ziad Azam, STEPHEN INGRAM, Michael Wilson, Gregory Lethbridge, Daan Jetten, Ivan Katanic, Benjamin, Boris Azais, Flanneryo, DoubleWhy, Paul Hilscher, Manuel Barkhau, Earnest Williams, Harun Akyürek, Dionysis Partsinevelos, toufik ouriachi, Maximiliano Rios, Claire Walsh, AT, Atanas Atanasov, William J. Murphy, Tom Eccles, Matthew Lang, Fernanda Alario, nishil, Alfred Tagher, Ulf Lundblad, Weijie Diao, Dave Jones, Matthew Colter, Alan Medina, Georgios Kontogiannis, M, Kirandeep Kaur, Charles, William Ching, Omer Secer, Clement Schoepfer, A M, Ivo Stoicov, Wade Hobbs, Sam Freed, DesuuDesuu, Oliver Goemans, ML, Kalimero Eric Holloman, Matthew Kokaly, waziam, Saaientist, DebsMO, Mike Pearce, Andrew Backer, David Kavanagh, Piotr Klos, JAG, Stonks, Yura Vladimirovitch, Artiom Casapu, Davíð Örn Jóhannesson, Anna, M G, Jacob Warbrick, Jessie Chiu, gurbans, Eric Bowden, Michael Green, james Brummel, Sahil Kumar, Huxky, Deb-Deb, David Swastek, Fly Girl, D F CICU, michael briggs, Dakota Jones, Stephen Fotos, David Nguyen, Bill Walsh, eliott, Ignacio David Palladino, Meee, Bolutife Ogunsuyi, Mihai, Tomislav Kožić, Max Macial, Thomas Foster, D Vidot, Reginald Gilbert, Brian W. Bush, korede oguntuga Zoe Nolan, TheGabornator, Erik Johansson, Shaun Alexander, Martin Esser, Old Ulysses, Nay Lin Tun, e_mister-t, Hong Phuc Luong Rolf-Are Åbotsvik, Viktor Nilsson, David Thompson, Daniel Taylor, Kirk Naylor-Vane John Martin, Heather Meeker, Martin Dráb, Gautham Chandra, Chan Mun Kay, Tom, Sean Wheeler, Julien Leveille, yuiop qwerty and Yoshinao Kumagai

    • @blexaarron
      @blexaarron Год назад +1

      “Not your keys, not your coins.” - Satoshi

    • @theguy9067
      @theguy9067 Год назад

      Get Lyn Alden on the show. Ask her about bitcoin

    • @samfreed5193
      @samfreed5193 Год назад +4

      You are welcome. I love your videos as much for the accent+humour as for the content, which itself is v good!

    • @Sinekyre14
      @Sinekyre14 Год назад

      Patrick Boyle, this is not going away, and it's not just a fad. Your world of trading stocks that only the rich have access to and can cheat with, is over. Everything is going to be digitalized and trading will be done 24/7. Yes there are scams in this emerging market, but the market is real and will replace traditional finance. Sorry.

    • @CitizenValve
      @CitizenValve Год назад +5

      Patrick, this was a Class A interview! Very interesting guest!! Thank you!

  • @zekefaux2908
    @zekefaux2908 Год назад +1536

    This was an awesome interview by Patrick, thanks for having me on!

    • @andersonomo597
      @andersonomo597 Год назад +44

      This interview was fascinating! Hope I can get a copy here in Australia. Thank-you for being so generous with your time Zeke - which unlike crypto, has real value! Cheers from Oz!!

    • @proadlekopy
      @proadlekopy Год назад +11

      Funny story

    • @ItsA7.3L
      @ItsA7.3L Год назад +13

      This guy seems like an enjoyable presence. Thank you

    • @antiquehealbot6543
      @antiquehealbot6543 Год назад +22

      I've never seen Patrick laughing like that!

    • @PBoyle
      @PBoyle  Год назад +110

      Thanks Zeke, I really enjoyed the book.

  • @theautisticside
    @theautisticside Год назад +1

    "Transferring my monkey" is now my new catch phrase. Also makes a good insult: "Too dumb to transfer a monkey."

  • @frorencenightingale1217
    @frorencenightingale1217 Год назад +2

    I want "who got coronavirus" played at my funeral 😂

  • @Ash__7
    @Ash__7 Год назад +285

    "It got down to $20k, whch was cool because I didn't want to spend $40k, but it was also bad because it showed the price could go down 50% in two weeks" 🤣

    • @benjaminaristotleboes3157
      @benjaminaristotleboes3157 Год назад +7

      Yep!!!

    • @carlmorgan8452
      @carlmorgan8452 Год назад +3

      🙉 🙈 🙊

    • @alonelypenguin5229
      @alonelypenguin5229 Год назад +14

      I do my old person nodding and mutter "I been sayin' its just digital Beanie Babies, imagine if this garbage had made it into the Happy meals too."

    • @benjaminaristotleboes3157
      @benjaminaristotleboes3157 Год назад

      @@alonelypenguin5229 , the happy meals are places like Cambodia , the bottom of the pyramid where grift turns to human trafficking....

    • @Baldnesz
      @Baldnesz 11 месяцев назад +2

      And then the person he sold it on to realised a profit....

  • @ajrobbins368
    @ajrobbins368 Год назад +831

    It's fun to see Patrick so animated and to hear him laugh.

    • @Bissingerlaw
      @Bissingerlaw Год назад +56

      Didn’t realize he had it in him

    • @EdMan102292
      @EdMan102292 Год назад +42

      Yeah it's really fun to see him a little bit out of character

    • @Practicalinvestments
      @Practicalinvestments Год назад +22

      @@EdMan102292I don’t 😆 I come here for and want my dry monotone humour 😆

    • @alphakevin687
      @alphakevin687 Год назад +15

      I bet Patrick is a hoot when you meet him in person.

    • @OG_McLovin
      @OG_McLovin Год назад +9

      I LOVE it. It's like he gets this great high from a really good book lol

  • @gebs123
    @gebs123 Год назад +71

    Bank of America: I think you might be getting scammed. I don't think this transaction should go through.
    Zeke: I am definitely getting scammed. Let the transaction go through.

    • @dastrnad
      @dastrnad Год назад +2

      My favorite part of the interview!

  • @fritzhussey7476
    @fritzhussey7476 Год назад +177

    This conversation restored my faith in society. It's a relief to know i am not alone in a world gone mad.

    • @Baldnesz
      @Baldnesz 11 месяцев назад +2

      It would be a shame if you took this as the whole story and dismissed the entire sector before completing your research. There are arguments against some of the positions here.

    • @fritzhussey7476
      @fritzhussey7476 11 месяцев назад

      There will always be individuals willing to part way with widely accepted currency in exchange for Art and other material or digital items. The problem with NFT's and Crypto is with viewing them as investments. Economies run best with a small amount of inflation built in, thus it's unwise to believe currency in its paper form will have more purchasing power in the future. However, that's exactly why many people own crypto. @@Baldnesz

    • @PaulWK1972
      @PaulWK1972 11 месяцев назад

      @@Baldnesz Ah leave him to wallow in his crypto hatred.

    • @Mayhzon
      @Mayhzon 11 месяцев назад

      There is many of you. The majority even.
      Isolating you and making you believe you're on your own is the gaslight of gaslights, made to secure the power of those who rule, the very few.

    • @YourCapyFrenBigly_3DPipes1999
      @YourCapyFrenBigly_3DPipes1999 3 месяца назад

      @@Baldnesz go on.....

  • @zekefaux2908
    @zekefaux2908 Год назад +236

    I lost about $2k on the ape I believe. Mostly transaction fees

    • @Mr_Banker222
      @Mr_Banker222 Год назад +4

      Meta mask ?

    • @k98killer
      @k98killer Год назад +29

      Holy shit. $2k in transaction fees is totally insane.

    • @olfrud
      @olfrud Год назад +4

      lol what a waste

    • @turboleggy
      @turboleggy Год назад +1

      ​@k98killer I have no reference for what type of trades would result in those type of fees

    • @k98killer
      @k98killer Год назад +5

      @@loupasternak yeah, but why would you buy and sell the same NFT multiple times? Pretty sure it is just part of the NFT grift to charge huge transaction fees.

  • @dianew2007
    @dianew2007 Год назад +619

    The fact that his family was all scared of him losing the 20K but still supported what he did was very sweet…

    • @jonaseggen2230
      @jonaseggen2230 Год назад +19

      When he laughed I thought what a sweet guy.

    • @ChineseKiwi
      @ChineseKiwi Год назад +24

      Yep, that's when you know the marriage and love is strong LOL

    • @stathisath
      @stathisath Год назад +13

      Sweet and mental.

    • @hendrikd2113
      @hendrikd2113 Год назад +65

      That his mom p0wned him by right-click-save-as his NFT is great.

    • @ZadarBird
      @ZadarBird Год назад +14

      His family was scared of him losing $40k, and I can’t imagine they were relieved to see him only pay $20k

  • @jeffreybaker4399
    @jeffreybaker4399 Год назад +144

    Note to self. Find Patrick's backyard. Rent a backhoe. Take metal detector. This is going to be like taking candy from a baby.

    • @PetteriBergius
      @PetteriBergius Год назад

      Other than Patrick doesn't believe in Crypto. Hence his crypto wallet wouldn't buy you even a candy bar 😂

    • @jeffreybaker4399
      @jeffreybaker4399 Год назад +9

      @@PetteriBergius Yes, but he did leave open the possibility of burying his credit card! 😄

    • @richardcalvert9511
      @richardcalvert9511 Год назад +19

      He just wants his yard dug for free

  • @susymay7831
    @susymay7831 Год назад +21

    "Who would have thought there would be ponzi schemes behind ponzi-like returns?" 😅😅😅

  • @logwhitley
    @logwhitley Год назад +110

    Already purchased the book. Buying the book is an investment that shall never go down.

    • @unmanned_mission
      @unmanned_mission Год назад +6

      Clearly you don't know what an investment is

    • @derdurstbursch
      @derdurstbursch Год назад +17

      Pump the book to the moon

    • @esterhudson5104
      @esterhudson5104 Год назад +3

      I’m gonna, too. 👍

    • @Foolish188
      @Foolish188 Год назад

      ​@@unmanned_missionEducation is an investment.

    • @oftenwrongphong
      @oftenwrongphong Год назад +5

      In order to keep them pristine, I'm not even gonna read my 30 copies or even open them up to get them signed. That's how I'm protecting my investment heading into the halving that will occur in 2032, limiting the hard copies.

  • @dmoney2015
    @dmoney2015 Год назад +43

    Mind-blowing brainstorm from Zeke's statement. Celebrities are now a second class famous person to online influencers. That has to be felt by the narcissists of Hollywood at the moment. I hadn't considered this before but Zeke is right, celebrities are trying to be more like online yokels and financial gurus because they are no longer the most famous thing.

    • @tiararoxeanne1318
      @tiararoxeanne1318 11 месяцев назад +7

      Yup. Thanks to the internet & social media boom, Hollywood celebs have hundreds of not thousands of competitors clamoring for our attention (and by extension, our money). I have been more active on RUclips than cable networks or other streaming services.

    • @Ruinwyn
      @Ruinwyn 11 месяцев назад +2

      I think it's more that they are trying to be something greater than "content creators". Music, movies and TV are now just content and actors and singers are just content creators. But business gurus are something more.

    • @lynnefox4892
      @lynnefox4892 4 месяца назад

      Bitcoin Beach will never not make my head catch fire. How arrogant. I suppose that is the hallmark of a crypto bro.

  • @Gingerbread_Gorl
    @Gingerbread_Gorl Год назад +72

    I was curious what a faux interview was; it’s all making sense now!

  • @alphakevin687
    @alphakevin687 Год назад +146

    Patrick, Coffeezilla and a few more are just a league on their own when we talk finance RUclipsrs

    • @ClaimClam
      @ClaimClam Год назад +6

      Patty is an actual xpert

    • @MVera1044
      @MVera1044 Год назад

      Good ones but also you are going to miss out the next run

    • @picketf
      @picketf 8 месяцев назад

      Coffezilla is waaaay beyond Patrick Boyle's league. Like the Kindergarden version. The Mr. Blippi of finance - and that is probably a big offence to Blippi.
      Coffe is that nerd at the desk next to you in Jr. High you couldn't get to shut up 😂

  • @tomhancock8184
    @tomhancock8184 11 месяцев назад +67

    After watching this episode I bought Number GO Up on audible and didn't get diddly-squat done for a day because I couldn't stop listening to it. As a person with only a layman's knowledge of the financial world, and apologize if including crypto in the financial world is an insult to your profession, I was dumbstruck by the sheer insanity going on. Zeke Faux is a master storyteller and great journalist. Thanks so much for this episode.

  • @DexterGraphic
    @DexterGraphic Год назад +52

    Patrick has such an excellent sense of humor! I just loved it when they started joking about 21 million Toy Story VHS tapes at the end of the interview.

  • @AlecMaly
    @AlecMaly Год назад +93

    "This is just a giant sack of rotten apples" lol
    I've just started reviewing smart contracts and there are definitely more than a few that are pretty sketch.
    Great interview. This was a fantastic episode.

  • @Oscar-vd4cv
    @Oscar-vd4cv Год назад +120

    Zeke Faux's articles are actually engaging to read. Most other reporter's write articles that all follow the same boring newspaper conventions.

    • @slappy8941
      @slappy8941 Год назад +12

      "reporter's" -5 points for apostrophe abuse.

    • @amanullahkariapper2503
      @amanullahkariapper2503 Год назад +16

      Wow, if his surname is actually Faux and he investigates scams, that's something!

    • @VenturiLife
      @VenturiLife Год назад +3

      Real gonzo reporting, getting fully involved in the reality.

    • @java4653
      @java4653 Год назад

      LOL. When did you read them all?

  • @genkestrel7254
    @genkestrel7254 Год назад +38

    "It's not my fault that what he said was very very dumb..."
    "You'd like to have tricked it out of him rather than have him just spill it to you."
    This was such a funny part of the interview. Thank you:)

    • @Kveldred
      @Kveldred 11 месяцев назад +5

      Just got there. 😂 Brilliant. I have the same condition as Zeke - if I'm just crushing someone, I start to sort of want to give them an out, like "oh, well, I could be wrong actually, here's what you _probably_ meant..."

  • @dserv
    @dserv Год назад +326

    A book like this one is WELL overdue. Financial journalists should be embarrassed for failing to expose crypto earlier.

    • @williamchamberlain2263
      @williamchamberlain2263 Год назад +18

      Why do research when you need to publish every 1-7 days? Reading is _hard_ , pointing at pretty charts is much better for throughput.
      (i.e. the journos have incentives almost as inherently inconsistent as financial security institutions' executives and employees)

    • @porkch0mp538
      @porkch0mp538 Год назад

      Bro.. crypto has no calculable NAV. There's no utility, no underlying value. Its pretty obvious its gambling/scam.

    • @Jordan-Ramses
      @Jordan-Ramses Год назад

      You are talking nonsense. You are acting like it wasn't obvious that these were scams. They were giving 18 percent interest. That is a lot higher than Bernie Madoff. FTX was registered in a lawless Caribbean pirate country. The other big exchange is located literally nowhere to avoid any laws whatsoever. Nothing they said made any sense. The people who gave them money were just fools.

    • @thesorrow312
      @thesorrow312 Год назад +7

      David Gerard, who has a great interview on the rational reminder podcast, was the first to write a book critical and negative on crypto

    • @Christopher_TG
      @Christopher_TG Год назад +19

      Oh, there were plenty of financial journalists calling crypto a scam for years. But number go up, so just fud. /s

  • @rebekahchalkley3252
    @rebekahchalkley3252 Год назад +9

    38:34 through 49:00 on the victims in scam call centers in Cambodia... This is heartbreaking! That vietnamese RUclipsr is a modern day Schindler. A real hero. For more insight into how the scam itself works, RUclipsr serpentza has a good episode on the "Pig Butchering Scam." But seriously, if Zeke Faux wants another journalistic adventure after covering crypto, there's one right in front of him. Figuring out how to truly expose and shut down those scam centers sounds like a very worthy pursuit.

  • @lovisericachii4503
    @lovisericachii4503 Год назад +9

    Bitcoin and crypto fails even at the ideology level: A decentralized currency that everyone can partake in. Partake means anyone can acquire bitcoin through mining. Which is false because a strong player can just acquire a large mine of bitcoin. This actually happened when a group acquired more than 50% of the mines. The other problem is that the more people that mines, the harder it is to acquire bitcoin. And if everyone decided to mine, then we will have an energy crisis. Mining is very energy intensive. So it fails on the part where everyone can partake.
    As for decentralized? well we already see the shet show. People want governmental control. Someone to hold other accountable, someone to regulate and enforce. So it fails on the ideology level.
    All in all, a horrible idea that doesn't work as it fails on all account of a currency.

    • @minesadab
      @minesadab Год назад

      If that's your best attempt at understanding bitcoin then, I'm sorry.

    • @carlahaiduk1878
      @carlahaiduk1878 Год назад

      ​@@minesadabI'm sorry for you. You'd turn the planet into a desert just to mine stupid bitcoin

  • @ymer92
    @ymer92 Год назад +99

    The man made Patrick laugh. I'm buying his book

  • @CatFish107
    @CatFish107 Год назад +16

    That eyebrow raise and "mmm" in response to "it was also kinda bad, because it showed the price could go down 50% in one week" is priceless.

  • @Patangy
    @Patangy 11 месяцев назад +6

    51:27 I love that Sequoia Capital story because it shows us normal folks that venture capitalists can be stupider than the average person.

  • @henrimattila2216
    @henrimattila2216 Год назад +58

    Absolutely loved this interview. Must be the best interview I have listened for months.

    • @tiararoxeanne1318
      @tiararoxeanne1318 11 месяцев назад +1

      Agree. I was delightfully surprised because I had no expectation when I clicked the thumbnail. I also like the author's personality. He was not a smooth talker or a confident/dominant speaker. He seemed more like a smart and kind-hearted nerd who curious about things, and persistent enough to get to the bottom of those things. Somehow this makes him look genuine and convincing.

    • @california862
      @california862 11 месяцев назад

      It was good, but I think the Joe Biden interview with Cardi B was way better

    • @Mingtye
      @Mingtye 7 месяцев назад

      Is this real? I mean have you ever given thought to looking into an actual podcast that explains your interest?

  • @molochi
    @molochi Год назад +41

    Ponzi actually had a viable business model, he just never implemented it and went P2pP.

    • @williamchamberlain2263
      @williamchamberlain2263 Год назад

      :)

    • @fingersm
      @fingersm Год назад +3

      P2pp? Is what

    • @johngrain6341
      @johngrain6341 Год назад

      ​@@fingersmpeer to peer i believe?

    • @molochi
      @molochi Год назад +10

      @@fingersm Peter to pay Paul. sry lol

    • @somethinglikethat2176
      @somethinglikethat2176 Год назад

      His is a mixed story. He actually was a fantastic human at times, volunteered to donate skin to a burn victim he didn't really know to save her life. Probably a lesson about how good people can get in over their heads.

  • @andrewjpalla
    @andrewjpalla Год назад +38

    If anything, this interview shows how naturally funny Patrick is, even when 'unscripted'!

  • @nelsin1925
    @nelsin1925 Год назад +140

    I love the way the author played along with Mr. Boyle's comic setups.
    A lesser intelligent man would have completely missed those opportunities.
    Patrick, I've been watching you since the beginning, and you are great example of how hard work can really change ones life.
    You look like a younger man physically, and your smile really promotes my own happiness.
    I remember the very first videos you made, and some of them were technically bad.
    But even back then I recognized a genuine intelligence and candor not often seen on RUclips.
    Keep it up.

  • @kellycasperhanson4426
    @kellycasperhanson4426 Год назад +33

    What a wonderful interview! Informative, but also hilarious!
    I loved the story about Zeke's mom claiming she's keeping her son's bored ape. What a sense of humor!
    I have zero interest in investing in crypto, but I definitely want to read this book!
    This was so much fun! I especially loved hearing Patrick Boyle laugh out loud😂!

  • @gyroscopejones9217
    @gyroscopejones9217 Год назад +27

    This guy is a sage. I don't think I could keep the straight man role at Ape Con like he did. Master sage.

  • @johnbill739
    @johnbill739 Год назад +35

    This interview is hilarious. This whole period we're living through will be talked about for generations. It's crazy beyond belief.

    • @MVera1044
      @MVera1044 Год назад +1

      This whole period starting when?

    • @wanasong5611
      @wanasong5611 Год назад

      @@MVera1044 These 'Casino Gambling games' started When Nixon 'Temporaily' took us off the Gold Standard' and the bankster's who run our Country repealled 'Glass-Stegall'. We've been doomed ever since...

    • @johnnycomas
      @johnnycomas 10 месяцев назад

      @@MVera10441946

    • @johnnycomas
      @johnnycomas 10 месяцев назад

      Nothing crazy about it, this is what an unregulated market looks like, other unregulated markets have existed in the past, others will exist in the future.

    • @k2ggers961
      @k2ggers961 9 месяцев назад

      2016@@MVera1044

  • @navisailor5490
    @navisailor5490 Год назад +62

    Seems like a decent man. A rarity in the world of finance. He deserves f to sell a lot of books and enjoy the proceeds with his family. Thank you Patrick.

    • @michellebowers8652
      @michellebowers8652 Год назад +4

      I am 2/3 through the book. It is very good, highly recommend.

  • @suffern63
    @suffern63 Год назад +11

    I do not like Jimmy Fallon and certainly would not take his financial advice.This is the only time he has ever made me happy.

  • @CommanderRiker0
    @CommanderRiker0 Год назад +5

    Crypto is such trash...

  • @stathisath
    @stathisath Год назад +16

    That was really fun. Especially when I saw the the word "faux" in the title and thought you did a faux interview in order to make a funny video about nfts etc. It took me a few minutes to realise it's just a surname, but hey... added to the comic relief.
    Kinda funny too, being an investigative journalist investigating scams and your last name being "faux"... hmmm... maybe there's a story here... :)😎

    • @CaFe73100
      @CaFe73100 Год назад +3

      Yeah it's a nom de plumes

  • @olfrud
    @olfrud Год назад +17

    the VISA card comparison is the best argument I heard so far why bitcoin is crap as a currency.

    • @eddenoy321
      @eddenoy321 Год назад

      Yeah you say that now. But how about years ago ?

    • @hamlet557
      @hamlet557 Год назад

      @@eddenoy321
      I said it from the very first moment and never owned a crypto.

    • @Jordan-Ramses
      @Jordan-Ramses Год назад

      ​​​​​@@eddenoy321 There was never a rational argument made for crypto. There was nothing to be said about it. It was just buzzwords and hype.
      Jimmy Fallon has a Hillary Clinton tattoo. Snoop Dog is famous for being high. I would not take financial advice from either of them.

    • @eddenoy321
      @eddenoy321 Год назад

      @@Jordan-Ramses You say that now . But I bet you had FOMO way back hahahahah 💋

    • @minesadab
      @minesadab Год назад +1

      It's still a terribly misguided argument. It's like comparing the visa payment network to the inter-bank clearance layer and saying the clearance layer will never work.

  • @toric6005
    @toric6005 Год назад +21

    I love how the Razzle Khan meme lives on 😂😂

  • @TheJohnnyCalifornia
    @TheJohnnyCalifornia Год назад +7

    From a social sense, Cryptocurrency does seem to be a strange kind of combination fad and cult. Whenever a crypto pundit comes across negative comments on crypto, you find they follow very similar patterns to attack the critics in the same kind of way cults attack their critics, but also worded in the same sort of way uber-fans go after critics of their star singers, actors, directors, musicians, atheletes, etc.
    It's kind like a religion and kind of like a hobby at the same time. More a cultural pursuit disguised as an investment strategy. It's a strange mirror to the actual high-end art market which is an investment strategy for the very wealthy disguised as a cultural pursuit.

    • @minesadab
      @minesadab Год назад

      It's also interesting how people who don't understand Bitcoin are so confident that proponents are delusional and/or stupid. It's a strange psychological phenomenon - just part of what makes up the tapestry of life I guess.

  • @magpie471
    @magpie471 Год назад +26

    What a great and educational show. I don't usually watch hour long videos but this was too good to cut short.

  • @michaelmoses8745
    @michaelmoses8745 Год назад +24

    Almost an hour and a quarter of Patrick Boyle.

  • @LazyBonesWorking24x7
    @LazyBonesWorking24x7 Год назад +32

    Thanks Patrick & Zeke, I have ordered this book immediately after watching the interview. This was hilarious. Can't wait to read the book!

    • @MVera1044
      @MVera1044 Год назад

      That means you are missing the next bull market next year?

    • @henryD9363
      @henryD9363 Год назад

      I just ordered it on Audible!

  • @MrFoof82
    @MrFoof82 Год назад +9

    05:48 "To be fair, by the time our kids get to college, like it's probably like a week of college." @PBoyle At what point is it cheaper for someone to found their own college for their kids?

    • @gordo3582
      @gordo3582 Год назад

      Good idea. Many people homeschool k to 12, why stop there?

    • @minesadab
      @minesadab Год назад

      So crushingly ironic that in the same interview he ridicules Bitcoiners.

    • @appalachiabrauchfrau
      @appalachiabrauchfrau Год назад

      @@minesadabno one in this comments section wants to get in line behind you to hold your bags, you can stop trying so hard.

    • @minesadab
      @minesadab Год назад

      @@appalachiabrauchfrau Well that's just fine, because they're not getting them for at least 10 years.

  • @EamonCoyle
    @EamonCoyle Год назад +7

    As much as you may laugh gentlemen, I fully expect a Reddit thread tomorrow pushing Toy Story VHS like the next Game Stop !!

  • @mschr2880
    @mschr2880 Год назад +5

    The clue for me, who has some interest in both, was, that the most pronounced advocates of crypto finance don't know anything about cryptography or finance.

  • @michaeltorrisi7289
    @michaeltorrisi7289 Год назад +38

    MOAR ONE HOUR PATRICK BOYLE VIDEOS!!
    Seriously though, great interview. I never get tired of your sense of humor, and Zeke plays into it so well.

  • @NeonCryptic
    @NeonCryptic Год назад +24

    Zeke is the Mitch Hedberg of business reporting

    • @zekefaux2908
      @zekefaux2908 Год назад +8

      This is the best review yet

    • @legbert123
      @legbert123 Год назад +4

      Looks like Bobcat Goldthwait also.

    • @hankhillsnrrwurethra
      @hankhillsnrrwurethra Год назад +3

      Couldn't put my finger on it, this was it, brilliant!

    • @NeonCryptic
      @NeonCryptic Год назад

      @@zekefaux2908 finished the book yesterday. It was excellent. After listening to this interview, I could pick up your distinctive tone in the book as well. It added another layer of appreciation.
      Congratulations on your success.

  • @pif5023
    @pif5023 Год назад +11

    So true that this whole crypto shenanigan increased my trust in the traditional financial system. Not of too much but of some yes.

  • @clarkecorvo2692
    @clarkecorvo2692 Год назад +14

    "my ape now"
    zeke´s mom is hilarious and smart

  • @zurielsss
    @zurielsss Год назад +48

    16:46 I think it’s the first time I ever heard Patrick laugh uncontrollably 😂

    • @andrewmcalister3462
      @andrewmcalister3462 Год назад +14

      Obviously a deep fake. Everyone knows Patrick only does deadpan. 😂

    • @zurielsss
      @zurielsss Год назад +3

      @@andrewmcalister3462 maybe the deadpan Patrick is a NFT

  • @Leipaa
    @Leipaa Год назад +11

    How do I invest in Boylecoin?

    • @sirmcsquid5781
      @sirmcsquid5781 Год назад +1

      Ridiculous investment when you consider Toy Story VHS is the currency of the future

  • @mangoman9290
    @mangoman9290 Год назад +13

    A long video but I thought I would watch the start and ended up watching the whole lot, a very compelling and easy to listen topic.

  • @philipallard8026
    @philipallard8026 Год назад +4

    What about the crypto “mining”? People are burning all energy to run computers to solve meaningless equations. I’ve never though this to be productive.

    • @Adam-rz4wr
      @Adam-rz4wr Год назад +1

      Some BTC cultists even claim that BTC is a store of this wasted energy

  • @lolxmew6114
    @lolxmew6114 Год назад +12

    The next book he writes should be called number go down

  • @rachelgoddyn2125
    @rachelgoddyn2125 Год назад +10

    Patrick your dry sense of humour always gets me laughing. Made my morning getting to watch this while I had my coffe

  • @ShapeyFiend
    @ShapeyFiend Год назад +6

    I've read Cryptopians and The Infinite Machine. Both of those cover the development histories and scams from a technical point of view pretty well but as you say the story of the 2021 bull run grifters is probably going to be altogether far more entertaining. SBF was just the most colourful one there were dozens of lads and ladies at the same craic on an epic scale.

  • @endrikastrati1755
    @endrikastrati1755 Год назад +21

    This was gold. Thank you Patrick.

  • @Gallipoli1929
    @Gallipoli1929 Год назад +2

    It's funny how little this guy knows about crypto yet he writes a book about it. Just strange

  • @cormackeenan8175
    @cormackeenan8175 Год назад +6

    This is like listening to something from the Twilight Zone America is truly a sick society.

  • @MikiCab1
    @MikiCab1 Год назад +8

    A Bored Ape with a Tulip would have been awesome.

  • @RonaldoLuizPedroso
    @RonaldoLuizPedroso Год назад +3

    So many mad crypto bros in the comments 😂

  • @MichaelWilliamz
    @MichaelWilliamz Год назад +8

    Please do more vids like this with authors of good books i need to buy and read. I love reading good books!

  • @prab3636
    @prab3636 Год назад +11

    Another Boyle Banger

  • @Seadog..11
    @Seadog..11 Год назад +20

    Whenever somebody looks at me and asks the question.. "do you know what"?
    I just retort, "I listen to Patrick Boyle"

  • @Dubbo9876
    @Dubbo9876 Год назад +13

    omg Patrick is excited and has emotions
    he is adorable

    • @TisDana
      @TisDana Год назад +4

      And his right arm does indeed move!

    • @Dubbo9876
      @Dubbo9876 Год назад +3

      Now that we know it's possible does he have to have emotion and move his arm in every video?@@TisDana

    • @TisDana
      @TisDana Год назад +4

      @@Dubbo9876 not in my opinion. The emotion met the content. I’d never want anything to override the deadpan snark.

    • @Dubbo9876
      @Dubbo9876 Год назад +2

      Or he waits and bides his time until the perfect moment and make an emotional joke with his arm and surprises us!@@TisDana

  • @mason-jones
    @mason-jones Год назад +12

    I never knew I needed to see Patrick let out a real laugh, that was amazing

  • @MrBendybruce
    @MrBendybruce Год назад +5

    I'm quitting audible due to the terrible profit sharing model they offer authors and publishers. However I still have over half a dozen credits left so have just spent one of them on this book. Hopefully it will be as good as it sounds it certainly is a fascinating subject in a macabre sort of way.

  • @fingersm
    @fingersm Год назад +10

    I bought Doge in 2014 for .0007 a Doge!!
    Bought a new Rav4 with it.

    • @2l84t
      @2l84t Год назад +4

      A Rav4....wow....

    • @fingersm
      @fingersm Год назад

      @@2l84tit had to learn how to get those doge out!!! After 7-8 yrs of forgetting about it!!! Luckily i kept photos of passwords etc etc
      Stressfull!!

    • @williamchamberlain2263
      @williamchamberlain2263 Год назад +2

      ​@@2l84tto the mooooooooon!!!
      To be fair, a Rav4 isn't a bad family car - not great, not terrible.

    • @pdrtoolscom
      @pdrtoolscom Год назад

      Well done 👍 Won’t go wrong with a Toyota

  • @Nevermore101
    @Nevermore101 Год назад +7

    Being willing to blow 40k to persue a story is some next-level dedication!

  • @cautiousdissolute5780
    @cautiousdissolute5780 Год назад +18

    This was very entertaining. I bought the book on audible soon after. Great interview Patrick!

    • @henryD9363
      @henryD9363 Год назад

      Me too! On audible 10 minutes ago.

  • @kennethbaird968
    @kennethbaird968 Год назад +6

    I offered to buy my motor home with gold. They would only accept cash. The monetary system is faith based crypto has no chance

    • @williamchamberlain2263
      @williamchamberlain2263 Год назад

      How are they going to assay your gold? They'd need to have faith that some weirdo has enough legit gold to buy a RV, then deal with converting it to currency so that they can use it to do transactions with people who _aren't_ shiny-rock-fixated weirdoes.

  • @firulais1
    @firulais1 Год назад +4

    The world needs a comedic movie or documentary with a comedic twist about all of this... It's just surreal...
    Can't make this shtt up🤣
    At least the whole Bankman saga.

  • @Name-ot3xw
    @Name-ot3xw 11 месяцев назад +4

    I love that his mom stole his NFT.

  • @Sisslie
    @Sisslie Год назад +14

    Both of you are fun to listen to. Thank you for introducing me to a good book!

  • @borisbadinoff1291
    @borisbadinoff1291 Год назад +4

    👍 Brillant. Nice to do some long form. By the way, one thing that’s never discussed when talking about NFTs is how the copyright to the picture is dealt with. Without a proper parallel sale or licensing agreement, you only buy a piece of code on a blockchain.

  • @shneakrets
    @shneakrets Год назад +8

    Great interview!! I appreciate that Zeke provided context for each story - often interviews in this space assume you know/remember a lot of details that make videos harder to engage with

  • @michaelsteven1090
    @michaelsteven1090 Год назад +5

    I have to say ,with all the FUD I'm going through with crypto, this interview brings more...It feels like crypto could be ending slowly but surely.

  • @nelsondisalvatore9812
    @nelsondisalvatore9812 Год назад +11

    18:10 Patrick genuine laughs are hilarious!

  • @DylanFahey
    @DylanFahey Год назад +5

    "Yes, I'm getting scammed, and I WANT to !" So funny.

  • @tobyCornish
    @tobyCornish Год назад +3

    Book sales go up

  • @keoniborge2498
    @keoniborge2498 Год назад +18

    O'BOYLE RULES!!!! O'BOYLE RULES!!!! O'BOYLE RULES!!!!

    • @VictorSneller
      @VictorSneller Год назад +3

      I understood that reference.

    • @keoniborge2498
      @keoniborge2498 Год назад +1

      @@VictorSneller haha nice

    • @web2yt488
      @web2yt488 Год назад +1

      You ain't cool, unless you pee yo pants 🩳

  • @jjHunsecker
    @jjHunsecker Год назад +5

    0:02 This is the most animated that Patrick has ever been. 😅

  • @TerryOCarroll
    @TerryOCarroll Год назад +3

    Who was the sucker that paid for the trip to Disneyland? The money that goes into Faux's buddy's pocket came from someone else's pocket. It isnt' just a zero-sum game, it's a negative-sum game.

  • @bonemasterj
    @bonemasterj Год назад +2

    Toy Story VHS bump coming right up....

  • @frenchonion4595
    @frenchonion4595 Год назад +11

    The whole crypto thing was fascinating to watch. Just seeing human psychology being manipulated to the degree of making people believe jpegs were worth tons of money. The way it left as soon as it began was striking as well. You hear nothing of crypto anymore

    • @azizkash286
      @azizkash286 Год назад +1

      Cuz of the bear market rn

    • @Christopher_TG
      @Christopher_TG Год назад +2

      Part of the blame is on low interest rates. When rates are low, money on credit is cheap and so throwing money at ludicrous ideas is, to an extent, worth the risk.

  • @NewJocular
    @NewJocular Год назад +6

    Bored ape clothes are sold at Kohls. Interesting times.

  • @apothe6
    @apothe6 Год назад +6

    I don't even care about crypto and this was such a good, fascinating interview Patrick

  • @SanguineQuest
    @SanguineQuest 9 месяцев назад +2

    Toy Story VHS being our post-apocalypse currency would fit pretty well with our society being exactly like a fictional dystopia but less cool.

  • @CashKingMarcus
    @CashKingMarcus Год назад +3

    I just purchased the book on audible. That will be the first thing I have ever purchased based on the recommendation of an influencer, so I hope it’s not a scam.

  • @duanedaxalexander
    @duanedaxalexander 11 месяцев назад +4

    This man's golden retriever energy is so endeering, I literally cannot.

  • @patrick383ironworker
    @patrick383ironworker Год назад +6

    If i were absurdly wealthy I would pay patrick boyle to manage my family office.

    • @MVera1044
      @MVera1044 Год назад

      Patrick will destroy your portfolio
      Easy

  • @KunjaBihariKrishna
    @KunjaBihariKrishna Год назад +2

    Psst... Hey kid! ... This is Patrick Boyle.. wanna buy some Toy Story VHS tapes?

  • @Unterwelten
    @Unterwelten 11 месяцев назад +4

    Bravo Patrick, great interview! I paid 7 Toy Story videos for Zeke's book. Can't wait to read it!

  • @IllIl
    @IllIl Год назад +7

    Super interesting interview! You got some great interview skills Patrick, definitely hope to see more. Zeke definitely went on one hell of a wild ride there, wow.

  • @wertacus
    @wertacus Год назад +5

    I owned every single one of the beanie babies in the example image

  • @adityaprakash5093
    @adityaprakash5093 Год назад +9

    This was really a good interview. I felt throughout that Zeke investigated the saga with a very open mind with unbiased or getting fully sucked into the hype while he was in the center of it with the bigshots. Respect!!

  • @Yomil
    @Yomil Год назад +4

    I'm so confused. I thought this was a brilliantly cut together parody (I don't know Zeke or his work), but apparently Faux is Zeke's last name? So it's not a Faux interview, but rather a real one.
    Still an enjoyable interview.

  • @oftenwrongphong
    @oftenwrongphong Год назад +2

    Love this interview. However, the VHS hatchet job is just stupid and insulting to our intelligence. By now, Patrick should know his audience is smart enough to understand that a monetary system shouldn't be based on the scarcity of VHS recordings of Toy Story. We all know the money is in The Little Mermaid (the white VHS version).