'Crypto Critic' - A Hollywood Insider has a message for celebrities using shill token projects


According to Ben McKenzie, blockchain technology could still play a significant role in the financial future, but "rich and famous people who push these products" have yet to gain the trust of investors.

Ben McKenzie, an actor known for his roles in TV shows including Gotham and The OC, speaks out against the public statistics that support projects in the crypto space without appearing to be undermining technology, personally.

Working with The New Republic staff writer Jacob Silverman, McKenzie made waves in early October after writing a piece of Slate with his colleagues entitled, "Celebrity Crypto Shilling Is A Moral Disaster." The duo called for attention on Kim Kardashian's Instagram account promoting the EthereumMax (EMAX) token in early June, a project priced at 116,000% in one week before spending more than 99% of its value, leaving many red.

“Celebrities borrowed their names and marketing skills from everything from NFTs to crypto trading to their customizable coin offerings,” said Silverman and McKenzie. “Together, they are saying something very clear but very misleading: Those secret investments, along with many shady places in this gray market economy, provide the way to sustainable wealth. The truth is almost always the opposite. ”

While much of the criticism from Silverman and McKenzie is aimed at influential actors who may be completely unaware of the types of projects that seem to encourage their fans to invest, they also call them lawmakers. When New York City's elected mayor Eric Adams announced he would accept his first three payments in Bitcoin (BTC), the two called it a "shameful move" without just trying to advertise - it could set the bar high. to other political candidates.

"Commitment to the belief in Bitcoin, which promises to be a low-tax crypto gaming platform, spreads to emerging capitalists investing in the red carpet industry - these are rapidly becoming the pillars of technology technology," said Silverman and McKenzie. "It is not a good idea for a public servant to promote compulsory gambling in an area that is basically an unlicensed, unregulated casino."

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