Two days ago, a massive scandal shook the Argentine crypto scene. A group of individuals close to President Javier Milei launched a new cryptotoken named “LIBRA,” capitalizing on the President’s signature slogan: “Viva la Libertad” (“Long live freedom” in English). Barely three minutes after its creation, Milei himself promoted LIBRA on his social media accounts, accompanied by a vague message that the token would help finance small businesses and ventures in Argentina.
I highly recommend the newly released documentary “The Great Crypto Scam” by James Jani. The title speaks for itself, so there’s no need to say more about the content. The crypto phenomenon is explained clearly and simply in less than an hour. It’s really great for sharing with family and friends who want to understand what’s going on in the “crypto world”.
If you want to read more about this phenomenon, you can see some of my previous critical posts about this crypto craziness: The NFTs hype (Feb 2022), Comentario sobre bitcoins (From 2014, but in Spanish), and Great podcast on the environmental impact of crypto (Nov 2022). I also strongly recommend the longer and more detailed documentary Line Goes Up – The Problem With NFTs.