How To See Crypto Ponzi‑Scheme n' Bitcoin' Green w/ Alexander Svetsky | ROI Podcast™ ep. 496
"Magnifying glass examining colorful crypto coins labelled 'Ponzi,' one golden Bitcoin standing out as genuine, cautionary warning icons..." ROI Podcast® episode 496! In this episode, entrepreneur and writer Alexander Svetsky shares stories from his wild ride through the crypto world. He talks about co‑founding one of the first Bitcoin‑only savings/exchange platforms and why dealing with regulators made him say "never again." Alexander also explains why he's building Satlantis, a Bitcoin‑powered ticketing app, and how his writing on economics and philosophy has influenced his entrepreneurial journey. We dive deep into Bitcoin's fundamentals—what makes it different from "shitcoins," why sound money matters, and how bad incentives distort economic behavior. Alexander breaks down how Bitcoin is backed by energy and how mining can even stabilize the power grid by flexibly using surplus renewable energy - cryptoforinnovation.org - and providing load‑balancing services - cryptoforinnovation.org - You'll hear why he believes decentralization beats trust in institutions and what industries could look like in a Bitcoin‑standard world. If you're curious about energy debates, Ponzi‑scheme cryptos, or the myth of Satoshi Nakamoto, this episode delivers fresh insights. We also get personal—Alexander reflects on mistakes, shares advice for his 13‑year‑old self, and discusses being a new dad. Hit like, subscribe and ring the bell if you enjoy these deep dives into business, tech and philosophy. Share your thoughts and questions in the comments. Listen to ROI Podcast® on your favorite podcast platform for the full experience! Episode sponsored by @Flodesk -50% off https://flodesk.com/c/AL83FF @OpusClip: https://www.opus.pro/?via=7bd356 @Incogni remove you personal data from public websites 50% off https://get.incogni.io/SH3ve @SQUARESPACE website builder → https://squarespacecircleus.pxf.io/sweatequity @CALL RAIL call tracking → https://bit.ly/sweatequitycallrail @LINKEDIN PREMIUM - 2 months free! → https://bit.ly/sweatequity-linkedin-premium @OTTER.ai → https://otter.ai/referrals/AVPIT85N Hosts' Eric Readinger & Law Smith 🔗s @LawSmithWorks https://www.LawSmithWorks.com @Tocobaga https://www.SolvingHow.com @ROIshow https://www.ROIshow.com Eric Readinger 0:03 All right, Alexander, can just go ahead and get into it. Law is running late, so we're just going to do the GET TO KNOW YOU part here. Go ahead, tell us your name, what you're about, and any sort of links you want us to be directed to. Alexander Svetsky 0:18 No worries, man. So name is Alexander svetsky. I'm funny enough more people know me for my writing online than than they do for my business stuff, but I've been more of an entrepreneur all my life. Made every mistake in the book, as I'm sure every single entrepreneur realizes, the older they get and they realize they were dumber than what they thought at the time. So that's that's been like the content learning for me, but these days, I'm building a really cool events app. It's kind of like Luma or Eventbrite, but just with, like, Bitcoin payments and some other features, which are really cool, and if people want to know anything about me or what I'm doing, the app is called satlantis. So like Atlantis with an s.io so they can check that out. And if they look up svetsky writes on Twitter, so S, V, T, S, K, I, writes like writing on Twitter, they can find me there. But, you know, I'm not even on fucking social media much anymore. These days. I'm sick and tired of all that crap. I get too triggered, and then I go on there and start, like, saying a bunch of shit. And I'm like, okay, maybe I shouldn't have said Eric Readinger 1:25 that. Yeah, gotta keep it inside, you know, and don't engage so easy. Said, No, satlantis is the the ticketing app you're talking about. That's the way that you're working on now, yes, I saw something about a cryptocurrency exchange that you started, and I guess that's how you got, you know, going in this busin