Hacker News Re-Imagined

Coffeezilla, a YouTuber Exposing Crypto Scams

  • 248 points
  • 8 days ago

  • @mitchbob
  • Created a post

Coffeezilla, a YouTuber Exposing Crypto Scams


@mitchbob 8 days

Replying to @mitchbob 🎙

Archived: https://archive.ph/3wlkM

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@headsoup 8 days

Replying to @mitchbob 🎙

Also, bitfinex'ed on Twitter (and previously Medium)

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@danieldevries 8 days

Replying to @mitchbob 🎙

I've followed Coffeezilla for a while. I was doing an AI course from another youtuber named Siraj Raval in 2019. The course ended up being totally amateur and full of empty promises.

Mr Zilla did a video about it: https://www.youtube.com/watch?v=7jmBE4yPrOs 'AI Guru makes $238,800 with misleading paid course. doesn't credit developers. | Siraj Raval FGF'

Then Zilla started exclusively focusing on crypto/NFT scams. The first few were interesting. Now... its a quite tedious, "the blockchain never lies...look they pulled the rug..." yawn

I hope he goes back to covering other interesting topics again.

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@lloydatkinson 8 days

Replying to @mitchbob 🎙

Implying crypto isn’t a scam anyway. Is there a word for that?

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@can16358p 8 days

Replying to @mitchbob 🎙

Good for crypto. I'm a crypto enthusiast and I think crypto has a great future and work in the field.

However because of many scammy projects the whole crypto ecosystem now has a bad name.

I'd love to see more and more scams being exposed for healthy adoption with less manipulation and real investment to projects that have the potential to change things instead of 400000% APYs.

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@RichardHeart 8 days

Replying to @mitchbob 🎙

One of the more ironic xposers, was a guy named "waronrugs" Who then went on to make a coin and rug everyone. https://twitter.com/Rekt_Tekashi/status/1394871896148172803?...

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@iamben 8 days

Replying to @mitchbob 🎙

Love Coffeezilla. Found his channel after someone posted his Tether exposé on HN a while back - subscribed and have been watching ever since. He's genuinely entertaining, smart and fair. Very much recommended if you haven't seen any of his videos.

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@photochemsyn 8 days

Replying to @mitchbob 🎙

I'd like to see someone like this really try to explain the global non-crypto currency system as it exists today in similar detail. This after all was one of the touted reasons for crypto - it would allow people around the world to hold wealth in a stable currency that wouldn't be subject to market crashes and currency devaluations.

There are so many interesting questions that remain undiscussed - such as, to what extent does petrodollar recycling matter any more in terms of the value of the $USD relative to the euro and other currencies, such as Chinese and Japanese? If investing in crypto is a scam, why isn't investing in these other currencies also a scam? It would be nice to see some real in-depth compare and contrast writeups accessible to people who aren't professional currency traders etc.

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@ea550ff70a 8 days

Replying to @mitchbob 🎙

Coffee's videos are great. I am a crypto enthusiast but also recognize that for each semi decent project there are 1000 more that are straight up scams. We need more folks like Coffee exposing these people in order to help clean the space.

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@jerriep 8 days

Replying to @mitchbob 🎙

A couple of years ago I watched a lot of Coffeezille, Spencer Cornelia and some others who exposed online scams. Initially, I found it entertaining but over time I came to the conclusion that their videos aren't really protecting anyone. They themselves (Coffee, Spencer, etc) admit on some of their videos do basically nothing to protect anyone from scams. You can literally shove tons of evidence in someone's face that guru X is a scammer, and they still won't believe it.

So, I have come to the conclusion that they (Coffee, Spencer, etc) are as much part of that whole ecosystem as the scammers themselves.

They don't do this to protect anyone - if they wanted to they can simply go with their evidence to the authorities. They depend on these scammers to make videos from which they can make money. And that is all it is about to them in the end - about making money. If the scammers went away tomorrow they'd be out of a career as well.

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@benreesman 8 days

Replying to @mitchbob 🎙

HN hasn’t been this rabidly, vocally mad at something since levels.fyi outed FAANG comp.

Ads? Evil, useless, fuck those people making 10x me. Recommender systems? Evil, creepy, fuck those people making all that money.

You can short this shit. You can short Google stock. You can short Bitcoin.

So if it’s all one big phony ads tracking machine learning Ponzi scheme scam? Don’t bitch and moan to the choir, profit from it!

Repeating the same arguments ad nauseum on here takes calories you could be using grind leetcode and get that leet job. ducks

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@paulpauper 8 days

Replying to @mitchbob 🎙

And yet the livestream giveaway scams persist on YouTube. Scammers earning so much. At any moment you can find at least 10 videos running concurrently, each with money in the associated crypto addresses.

The smart scammers are not doing NFT tomfoolery, they are doing fake Saylor and Musk giveaways instead and earning far more money much more consistently. While YouTube does nothing. Cofeezilla is not going to stop people from continuing to fall for these much more persistent scams. Its going to have to come from youtube.

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@andrius-b 8 days

Replying to @mitchbob 🎙

I think his content used to be way better on his previuos channel CoffeBreak: https://youtube.com/c/CoffeeBreaks

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@johnebgd 8 days

Replying to @mitchbob 🎙

Blockchain has two proven use cases:

1.) Speculative investment assets.

2.) Moving value outside of a financial system.

Unregulated stable coins have proven to be as stable as the titanic was unsinkable.

Number 1 is really a problem because of Number 2. Number 2 is a fancy way to describe a primary use case being money laundering. Of course though there are some instances where that’s helpful like backing a foreign government you agree with. Unfortunately, it also means countries like North Korea can use it to evade sanctions.

Blockchain is largely a solution in search of a problem with speculators throwing money into stuff they don’t understand.

I’m a reformed blockchain enthusiast.

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@colesantiago 8 days

Replying to @mitchbob 🎙

Coffeezilla is right.

ALL crypto is 100% scams. There is no 99%.

In fact 100% of the time, they have no use case at all and they are even worse than the current system.

Crypto has totally failed time and time again to prove itself.

We now need to come to terms with this failed experiment and call it all off and make them all illegal, where it rightfully should reside in.

I lament to think of the time wasted of many engineers building this distributed casino and ruining people's lives, these engineers in this 'web3' space should instead direct their time towards solutions to make the world a better place.

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@tzumby 8 days

Replying to @mitchbob 🎙

I think I shared this on HN before, but highly recommend this podcast: https://cryptocriticscorner.com/

It covers Worldcom all the way up to the recent Terra

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@TimPC 8 days

Replying to @mitchbob 🎙

I think the one university that closed in Illinois due to a ransom attack made possible by Crypto will in the long run prove to be more valuable to society than all of crypto. If only we had some way of preserving all the things crypto destroys.

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@sremani 8 days

Replying to @mitchbob 🎙

Coffeezilla will hate this, but he is Tai Lopez of Scam-busting ;)

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