You’re taking crypto advice from people who get paid when you lose.
In this monologue Ben Simpson reflects on his nine‑year experience in the crypto space, focusing on the conflict of interest that pervades crypto influencers and “hype media.” He recounts working for a popular crypto YouTube personality, observing how influencers earn money primarily from video views and referral commissions rather than from the success of their audience. The influencers embed affiliate links to exchanges in their video descriptions, earning a cut of every transaction their viewers make. Simpson argues that this business model incentivizes influencers to push frequent trading, regardless of whether the advice is sound, and that they have no legal recourse if their recommendations cause losses. He contrasts this with the regulated stock market, where such practices would be illegal, and warns viewers to scrutinize the incentives behind any crypto advice before trusting it.
