Before You Invest in Crypto, Watch This Film by David Corn

[justaprogressive]

Not too sure what to make of cryptocurrency? Don’t really understand it but kind of think it’s a scam? That was Ben McKenzie’s attitude when an old buddy during the Covid pandemic suggested he invest in Bitcoin. His pal had given him a bum investment tip years earlier, so McKenzie was wary. But since he was shut in, with time on his hands, he decided to use that stretch to dig deep into crypto—real deep—and came to the realization: It’s a con. Thus, he was launched on a second career as a crypto critic.

McKenzie’s first career was a pretty good one. He’s a Hollywood star. He played Ryan Atwood, the bad boy with a good heart, on The O.C., the popular teen drama of the 2000s. He was also police detective Jim Gordon in Gotham, the dark and moody Batman prequel. But now he took on a much different role. Armed only with his undergraduate economics degree from University of Virginia and a sense of skepticism, he fired up his laptop and mounted a one-man investigation of crypto that resulted in the 2023 book (co-written with journalist Jacob Silverman), Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud. The title is a giveaway for where his inquiry landed.

Last month, the 47-year-old McKenzie released a documentary, Everyone Is Lying to You for Money, which, appropriately for a denizen of a superhero world, is an origin story. It chronicles how this former teen heartthrob became one of the leading antagonists of the crypto industry. It also serves up a 90-minute-long entertaining primer on crypto, explaining its rise, its scamminess, and the threat it poses to the financial sector—and you and me. It’s not quite the same as watching Margot Robbie in a bubble bath explain subprime loans, but McKenzie has deftly crafted an enjoyable but troubling ride through the murky world of digital currency.

McKenzie began his crypto journey with a simple principle: You should not invest in something you don’t understand. After the financial crash of 2007, people were right to be pissed off at Big Finance, a system rigged by Wall Street predators for the wealthy. The promise that cryptocurrency could decentralize and democratize finance was appealing. But the specific promise of Bitcoin sounded like a “free lunch” to him. Especially given how Matt Damon and other celebs, paid by the industry, were promoting crypto as an adventure for the bold and exploiting FOMO. “What does Matt Damon know about crypto?” McKenzie asks in the film. “Nothing.”

https://www.motherjones.com/politics/2026/05/cryptocurrency-bitcoin-documentary-everyone-is-lying-to-you-for-money-ben-mckenzie/

[Moostache]

1. To be fair, there are not many scenes in recent memory MORE compelling or entertaining!!!

] It’s not quite the same as watching Margot Robbie in a bubble bath explain subprime loans

LOVED that film overall...fantastic portrayals and it still crushes me that the perpetrators ALL walked away from their ruination to bigger paydays and cushy lives despite the fraud and theft that was ushered in. They crawled so that Trump and his asshole family and grifters could shove rockets up their asses and go insane with the fraud and theft.

[Wild blueberry]

2. Looks fascinating

Now trying to figure out how to see it.
Thank you.

[justaprogressive]

4. Here ya go.

https://www.everyoneislying.com/tickets

[Norrrm]

3. The big money return in crypto is:::

The big money return in crypto is:::
1. Starting it, hyping it, selling it, and getting out, leaving the
suckers holding the bag.
2. Handling/storing it for others.
...a. Not your own money/crypto. Someone else's money/crypto.
...b. Lots of fraud/money manipulation/theft/lack of regulation.
3. Backed by trust/faith/great promises/optimism... but no
real assets.
4. It can literally disappear and good luck with lawsuits.
------------------
-------------------------------------------
A few have profited by 'investing' but not the majority.

Bitcoin is one of the very, very few that has made profit.
And that is only because enough people WANT to believe in it.
Even bitcoin has no real assets backing it.

BC is used as a fantastic example of crypto but it is a lucky outlier.

Hundreds of others have flopped.
Should the US Gov't invest in/purchase massive amounts of crypto with taxpayer 'real' money?
Every legislator approving this should be made to invest half their family's life savings in the very same crypto to show their confidence in it.

BTW... You're buying it with your 'real' money.
Will they let you buy it with your other old broken crypto?

[fujiyamasan]

5. Greater fool theory

The hope with these sort of “assets” is that there’s someone out there willing to pay more for it than you spent.

[oasis]

6. Bookmarking Thanks