The Centbee Show 63 - The Crypto Zero Sum Game
In the latest episode of The Centbee Show, hosts Lorien Gamaroff and Kage Ntshingila dive into the concept of zero sum games in the crypto world. With their signature blend of humour and insight, they break down how the crypto space, particularly with the rise of meme coins, often operates as a zero sum game - where one person’s gain is another’s loss.
Meme Coins: A Circus of Speculation
The episode opens with a discussion on meme coins, using examples like “Trump Coin” and “Melania Coin.” Gamaroff and Ntshingila point out the speculative nature of these coins, emphasising that they aren't investments but rather collectibles. They compare them to Beanie Babies of the 90s—fun to own but lacking real utility or long-term value.
They highlight how meme coins typically follow a pump-and-dump pattern. Early adopters buy in bulk, drive up the price, and sell at a profit, leaving later investors at a loss. The hosts stress that, despite the entertaining themes, meme coins are not a secure financial investment but a high-risk gamble.
The Fixed Pie Fallacy in Crypto
A core focus of the discussion is the fixed pie fallacy, the idea that the wealth in crypto is not being created but redistributed. They argue that the crypto space is not about generating wealth but rather moving it around - if someone profits, it’s because someone else has lost.
Gamaroff explains that this structure makes the crypto market a zero sum game, likening it to poker or Monopoly, where one player’s success depends on others’ losses. They caution viewers against being swayed by viral hype and inflated promises of wealth creation.
Bitcoin SV vs. Other Cryptos
The episode also takes a deep dive into Bitcoin SV (BSV). They contrast it with other cryptocurrencies, such as BTC and Ethereum, which they label as speculative assets rather than tools for real-world utility.
According to Gamaroff, BSV stays true to the original vision of Bitcoin as peer-to-peer electronic cash, offering practical solutions such as low-cost digital payments and scalable transaction processing. The hosts argue that BSV creates genuine economic value by facilitating business activities, unlike other cryptos that rely on speculation.
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The Ethics and Legal Aspects of Meme Coins
Touching on recent controversies, the hosts discuss how influencers and celebrities are capitalising on their fame by launching meme coins. They reference legal issues faced by individuals like “Hawk Tuah Girl,” who encountered legal trouble for promoting a pump-and-dump scheme without proper disclaimers.
They highlight how former US President Donald Trump’s team has been strategic with legal disclaimers to avoid potential lawsuits, framing his coin as a “collectible” rather than an investment. Gamaroff and Ntshingila caution viewers to read the fine print before jumping into such ventures.
The Future of Blockchain Technology
In closing, the hosts reiterate their belief in the potential of blockchain beyond speculation. They emphasise BSV's capabilities in areas like supply chain management, content monetisation, and micropayments, positioning it as the future of the internet.
Final Thoughts
If you're interested in a candid take on the crypto market and want to learn more about the pitfalls of zero sum games, meme coins, and the real value of blockchain technology, be sure to check out this episode of The Centbee Show.
Watch the full episode to gain deeper insights into the world of crypto and discover why BSV could be the game-changer you’ve been looking for.