In this video, I discuss the current movement to build shipcoins (altcoins) on Bitcoin, and how Bitcoin Magazine and David Bailey's other companies fit into this ecosystem.To be blunt, it's a really bad look, with lots of conflicts of interest.The Bitcoin Mag and Bitcoin Conference side provides legitimacy to JPEGs and tokens and SOB by "fostering open debate and discussion"--While the other arm of David Bailey's empire invests in these scammy projects, selling rare sats, NFTs, while helping to build the infrastructure for new scams through projects like BOB.This is a very stinky cheese indeed. Doing unethical things with Bitcoin, or on top of Bitcoin, doesn't shower you with magical Bitcoin pixie dust that absolves you of your bad behavior.If you are a flagship media and investment property in Bitcoin, I think that you need to be held to a higher standard.All opinions in this video are mine alone, and I may have misunderstood some of the intricacies involved. Please do your own research and come to your own conclusions. This video is directed to senior management and founders at Bitcoin Magazine and in no way is meant to denigrate the hardworking and honest Bitcoiners who may still be working there.Not investment advice! Consult a financial advisor. Examples of crypto premines:https://miro.medium.com/v2/resize:fit:1358/1*TayypeN1nRVdmikXjuy4hA.pngVitalik dumping ETH:https://www.reddit.com/r/ethereum/comments/4g7l7m/ethereum_developer_vitalik_buterin_sold_25_of_his/Solana Billionaire VC's Are Laughing At You:https://www.youtube.com/watch?v=nBHH0k8EOHE&ab_channel=BitcoinUniversity"BOB":https://twitter.com/build_on_bob/status/1773010071917642182https://twitter.com/build_on_bob/status/1773020228869406805Bankless DAO token rekt:https://coinmarketcap.com/currencies/bankless-dao/BTC Inc and UTXO Management:https://twitter.com/UTXOmgmthttps://www.utxo.management/https://b.tc/Cory's tweets about BOB:https://twitter.com/coryklippsten/status/1773042558521999742https://twitter.com/coryklippsten/status/1773123561894424756David Bailey refuses to apologize:https://twitter.com/DavidFBailey/status/1771190723116761336David Bailey on Bitcoin Mag editorial policy:https://twitter.com/DavidFBailey/status/1772718329511215119Scammy articles in Bitcoin Mag:https://twitter.com/GhostofMapl/status/1770835829201437119Bitcoin Magazine selling scammy sponsored posts:https://bitcoinmagazine.com/sponsored/karma-is-the-largest-fungible-token-airdrop-in-bitcoin-historyScrubbing BM name from investment arm:https://venture.angellist.com/v/back/the-bitcoin-magazine-2140-venture-fundSelling rare sats and inscriptions to fools:https://twitter.com/BitcoinMagazine/status/1686372862368837632https://rare.b.tc/99% of these tokens will go to zero:https://twitter.com/EAnalyzed/status/1772007590651732276Francis Pouliot on SOB:https://twitter.com/francispouliot_/status/1771224152017428921Mike Germano on Bitcoin Magazine editorial policy:https://twitter.com/mikegermano/status/1772749027437609462Max Keiser on stinky cheeses:https://twitter.com/maxkeiser/status/1771880015140901276https://twitter.com/maxkeiser/status/1771371892101742908https://twitter.com/mattkratter/status/1771567148474786090I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #crypto #bitcoinmagazine Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=_Eef-W7TCfI