Argentina's Memecoin Disaster Is Worse Than You Think

Javier Milei promotes a crypto token which falls apart, but when an insider goes public, the entire economy of memecoins unravels.

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Credits:
3D Artist: Ed Leszczynski @LeszczynskiEd
Video Editor: Harry Bagg @HarryRBagg
End Credits Composer: Claire Wickes @clairewritesmusic

This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it the "opportunity of a lifetime."

[thawhiteazn]

“I don’t get it, why are they confessing?”

“They’re not confessing, they’re bragging.”

[ibesailing]

In the evolution of Coffeezilla, scammers now run to him and expose themselves before he can investigate and expose them. Wild times.

[YogurtsTrashpile]

After Coffee said he was offered control of the missing 100 mil I expected him to say “welcome to the 110 million dollar studio”

[Cloudy_Jones]

Milei looks like a British TV host from the 70s.

[strongmaniac]

Governments launching memecoins, multiple memecoins at that, is actually insane.

[mansonfd]

Remember: Coffeezilla is not suicidal and perfectly healthy.

[MewLake]

The same ambitious narcissism that prompts someone to be multi-billion dollar international scam artist also convinces them that they can publicly brag about their crimes

[ReZhorw]

Petition to start calling it "Scamcoin" or "Fraudcoin" to avoid downplaying the seriousness of these frauds

[HitBoxMaster]

Here in Brazil, we've got a saying: Everyday, a dumbass and a smartass leave home. When they meet, business is done.

[lescoburandun]

SBF gotta be rolling over in his jail cell. If he just would have waited a little bit he could have just scammed people legally

[Shekhinah]

Yep, I live in Argentina and sounded the alarms to the the media "INSIDER TRADING 100%"

[TheEngieTF]

Hayden watching this:

*I shouldn't have said that. I should NOT have said that.*

[bander-Coolb]

A year ago coffeezilla vs corrupt content creators now coffeezilla vs presidents of entire countries 😭

[ritwiksrivastava]

Last time i was this early, only one President had launched a meme coin

[clockworkcookie]

this is one of the most important channels on YT, no joke

[thorn_again]

"Were you part of the Melania launch, and was that sniped as well?"

[contemplates life choices]

[imback]

I love how illegal Insider trading can just be called sniping and then in some way it becomes legal???

[thabsor]

Milei was a big fan of coffeezilla before this video

[esPabloL]

Don't worry folks... Argentina's Senate just voted against investigating this. They only needed one more vote. Guess what? The Senator that presented the project... suspiciously voted AGAINST his own project 3 hours after signing it. Humanity is lost.

[darcy]

As an argentinian I say THANK YOU. You've put it so clearly, it's easier to understand this video than the entire local coverage of this scandal.