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Explore Scams, Zealots, and Jet Skis: Life Inside the Crypto Scene | Spiraling with 1,242,285 views, 14,024 likes, and 3,422 comments. Experience the impact of this video content that has captured audience attention.

Cryptocurrencies, NFT’s, and blockchain have attracted a lot of attention in the last few years. Bitcoin evangelists say it’s the way of the future; that it will replace central banks and become the world’s currency, divorced from corrupt politicians and hegemonic monetary policies. Sceptics say it’s a ponzi scheme akin to tulip mania and is destined to fail. Even with the volatility of the currencies, crypto becomes mainstream every year. Legacy banks now consider it a currency of interest, El Salvador made Bitcoin a national currency, and many more common folks beyond the fratty bro scene have started to use it practically. VICE Producer Zeke Spector has been investing in Crypto, mostly unsuccessfully, since 2017, when he put the remaining $198 he raised for his college thesis into Bitcoin and Litecoin. When it lost money, he hodl’ed. When it was up, he cheered. And then he sold, still making a profit, but like a fun profit. And then he bought the dip and lost some money. So he's in the sceptical crowd, but willing to listen. Zeke spirals down the rabbit hole looking to see if crypto is just another ponzi scheme thought up by the rich or a true game changer with benefits that allow the common person more autonomy and freedom over the financial system. 00:00 Intro 00:50 What is Crypto? 02:14 Bitcoin Conference 08:11 The Bitcoin Parties 11:36 Jet-Skis 15:33 NFTs are they a Scam? 19:52 The Future of Crypto Check out the VICE World News playlist for global reporting you won't find elsewhere: https://www.youtube.com/playlist?list=PLw613M86o5o4S3BXgi3bCiIVuopQxIMgV Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE About VICE: The Definitive Guide To Enlightening Information. From every corner of the planet, our immersive, caustic, ground-breaking and often bizarre stories have changed the way people think about culture, crime, art, parties, fashion, protest, the internet and other subjects that don't even have names yet. Browse the growing library and discover corners of the world you never knew existed. Welcome to VICE. Connect with VICE: Check out our full video catalog: http://bit.ly/VICE-Videos Videos, daily editorial and more: http://vice.com More videos from the VICE network: https://www.fb.com/vicevideo Click here to get the best of VICE daily: http://bit.ly/1SquZ6v Like VICE on Facebook: http://fb.com/vice Follow VICE on Twitter: http://twitter.com/vice Follow us on Instagram: http://instagram.com/vice Follow us on TikTok: https://www.tiktok.com/@vice?lang=en The VICE YouTube Network: VICE: https://www.youtube.com/VICE MUNCHIES: https://www.youtube.com/MUNCHIES VICE News: https://www.youtube.com/VICENews VICELAND: https://www.youtube.com/VICELANDTV Vice Life: https://www.youtube.com/Broadly Noisey: https://www.youtube.com/Noisey Motherboard: https://www.youtube.com/MotherboardTV VICE Sports: https://www.youtube.com/NOC i-D: http://www.youtube.com/iDmagazine Waypoint: https://www.youtube.com/WaypointVICE

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