Memecoins Up (Nonbelievers Down) and Swan Lawsuit

Welcome back to Bitcoin Season Two! Charlie and Colin are back with this week’s Writer’s Room, and like it or hate it, memecoins are back, y’all, and so is Murad Mahmudov. Murad’s bitcoin fund blew up in the COVID flash-crash of March 2020, and now he’s going all in on memecoins. Is that a good thing? Not for us to decide, but it is a thing — and it could be a leading indicator for further froth in bitcoin/crypto markets more broadly. Finally, the duo covers Blockspace’s recent reporting on Swan Bitcoin’s lawsuit against former employees and contractors related to Swan’s mining venture with Tether. If you lean toward Bitcoin maximalism, you might want to skip to the end of the episode for Colin’s coverage of the ongoing Swan Bitcoin lawsuit.

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