How the Winklevoss twins’ crypto program failed

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*FLASHING LIGHTS WARNING*
SO THE WINKLES HAVE WRIGGLED INTO A CRYPTO PICKLE.
Thanks to Dunkin’ for being Good Work’s official sponsor of getting out of bed (this is real).
Leo Schwartz is a crypto, regulation, and cybercrime reporter for Fortune Magazine. Hannah Miller is a crypto and tech reporter at Bloomberg. Shubhankar Gahlot is a software engineer, Gemini Earn customer, and creator of the Earn Victims X account.
Follow Leo: x.com/leomschw...
Follow Hannah: x.com/hgmiller...
Follow Gemini Earn victims on Twitter: x.com/geminiea...
Video by Dan Toomey and Henry Stockwell
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Subscribe to GOOD WORK here: / @goodworkmb
SIGN UP FOR MORNING BREW HERE: www.morningbre...
FOLLOW GOOD WORK HERE: / goodworkmb
FOLLOW DAN HERE: / dhtoomey

Опубликовано:

5 окт 2024

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Комментарии : 586

@GoodWorkMB 9 месяцев назад

For those of you calling Dan the "Twinklevoss" twin, you are not the first nor will you be the last

@MFJoneser 9 месяцев назад

Fourst

@Tue4277 9 месяцев назад

Second

@KHQMaster 9 месяцев назад

Dan is hot and should never be compared to winklevii

@nickc3657 9 месяцев назад

An aging twinklevoss*

@ytcensorhack1876 9 месяцев назад

I know someone whose had dealings wt them who calls them the twinkletossers

@PokhrajRoy. 9 месяцев назад

The Winklevoss Twins really said: “‘The Social Network’ needs a spin-off.”

@SuperOvidiuMihai 9 месяцев назад

dude yes

@globisdead 9 месяцев назад

Hope you make another new year video

@spagetticanavari 9 месяцев назад

immaculate observation

@theodorehsu5023 8 месяцев назад

How about “The Implosion of the Twinkie Twins?”

@75aces97 8 месяцев назад

The Crypto Network

@daguy7631 9 месяцев назад

Dan keeping himself hydrated during those interviews

@narr482 9 месяцев назад

Paused to check if it was the death lemonade (it’s not)

@GoodWorkMB 9 месяцев назад

journalism is thirsty business

@kemp10 9 месяцев назад

Keeping me hydrated. Based on how wet I am.

@george94065 9 месяцев назад

Awesome hydration job

@stephenrobinson8244 8 месяцев назад

Need vodka when hearing this shit, it's like breaking up with a chick you never knew you were with. Her parents hate you and you only fucked her father once and a half times. How can someone be so careless.

@RareEarthSeries 9 месяцев назад

Good work? No, no. Great work.

@therealmalik 9 месяцев назад

These winklevoss guys seem pretty smart, they should make a website

@mayankmaurya1241 9 месяцев назад

Fr, something in the realm of networking with others in the same campus .

@yashnigam6 9 месяцев назад

I’m sure they can find some nerd to help them make it

@g.1771 9 месяцев назад

They should write, I mean make, a book

@UsernameR8 9 месяцев назад

😂

@oshun459 8 месяцев назад

Too soon 😭

@jsevakis 9 месяцев назад

Both the information and joke density in this video is STAGGERING. Had to pause multiple times. Best deep dive yet!! Great work

@NettraPan 9 месяцев назад

Agreed 🙏👏👏👏

@ChrisKChandler 5 месяцев назад

GOOD Work ☝️🤓

@bbrbbr-on2gd 9 месяцев назад

The more I learn about Finance bros, the more I realise how all of them are the same unimaginative people. They all end up just doing an MLM, mostly targeting poor and desperate people.

@zeobide 9 месяцев назад

Its crazy how its almost always the same exact thing, same exact guy(s), same promises, same outcomes. The only thing that's sometimes different is a few extra intentionally overly-convoluted steps to the same outcome.

@aragornk 9 месяцев назад

It's like how every tech bro ends up with a revolutionary new invention typically known as a train.

@caravanlifenz 9 месяцев назад

I used to work for a bank (as a data analyst). The managers are all dishonest arseholes that only cared about getting rich. You have to be a special breed of psychopath mixed with narcissist to work at banks and finance companies.

@_cloudface_ 9 месяцев назад

"That's just what poor people that don't understand DeFi say" ~FinBros

@ellielikesmath 9 месяцев назад

the reality is that "finance bros" are just investors that failed. if there was some reliable way to tell based on the manner of the sales pitch if someone is pitching an investment you should be interested in vs one you should not be, then that would be exploited by fraudsters too. the lesson is that people who take "holier than thou"/"it's just an MLM, right?" attitudes towards crypto bros are trying to understand why some of them failed and some did not, which is not too distant from being a crypto bro themselves. just own it lol

@PBoyle 9 месяцев назад

Great video, but I was hoping for more of a focus on the music. Please tell me that Mars Junction is still solvent.

@GoodWorkMB 9 месяцев назад

No, this is Patrick

@MentalLiberation 8 месяцев назад

When awesome recognizes awesome.

@ljohnson1908 7 месяцев назад

Leave it to Patrick to come and try to start going on music. That’s why we come to your channel dude. 😅😅

@MegaJessejames91 7 месяцев назад

@@GoodWorkMB No Patrick, mayonnaise is not an instrument

@luisluiscunha 4 месяца назад

I use the opportunity to thank you both for making my life better!

@hackbarrow 9 месяцев назад

Thank you Dan as usual for always keeping us updated on uninteresting tech-drama

@narinpratap8790 9 месяцев назад

I absolutely LOVE the format in which this information gets delivered to the viewer. The background research and accuracy of finer details are supremely impressive.... but that's not even the best bit. The way Dan always undercuts himself by ridiculing his qualifications or inserting juvenile humor in the midst of a serious conversation - that is the "genius" element of his unique format. It's packed with more info than a typical CNN, WSJ, etc. news article, but never bores or alienates the viewer into thinking that he/she does not belong to this esoteric world of high finance.

@exoZelia 9 месяцев назад

I love how your channel is actual reporting with jokes and memes. You truly understand my needs

@laurasnow7822 9 месяцев назад

Twinklevoss?

@JoelLawson93 9 месяцев назад

Don't do that to the twinks, they've done nothing wrong

@lowwastehighmelanin 9 месяцев назад

Nah too Roblox Face for that

@MisterNoble 9 месяцев назад

*Twinklevii

@grzegorzbrzeczyszczykiewic563 9 месяцев назад

They are more like reverse himbos.

@vtrandal 6 месяцев назад

So original

@blakeharrison3972 9 месяцев назад

This is the closet I’ll ever get to watching the news, thanks Dan!

@haleybarton4821 8 месяцев назад

I love how an off handed joke in the social network has led to many people calling them “the winklevii” in casual conversation

@scottmac 9 месяцев назад

Dan’s cup of Dunkin’ continues to be a recurring character in these interviews

@pawekoaczynski4505 9 месяцев назад

now I realised that Gemini is named this way, because it was founded by twin brother

@shrededpudding5921 9 месяцев назад

I assume that this kind of content was always the goal for the good work channel, its just surprising seeing it get this good this fast.

@user-ex6xc5ox3k 9 месяцев назад

"The Winkelvii" sounds like some sort of evil sci-fi hive mind race

@hutchmoragne5146 7 месяцев назад

This show might have the best editing team in comedy. Research, reporting, writing, all fantastic, but hot damn this editing team wraps it in a beautiful package and then beats you over the head with it

@sailyourface 9 месяцев назад

Genuinely great reporting once again. Come for the jokes, stay for the Pulitzer

@annieothername 9 месяцев назад

Thank you for affirming it's okay to be confused because, you know, I dunno

@lukehferris 9 месяцев назад

Dan pulling out the velvet black gloves and Gordon Gekko vest combo for the Winkles.

@barryswigart1432 9 месяцев назад

"Different company, sounds the same" is fucking wonderfully executed.

@Grasshopper.80 9 месяцев назад

I love this style of investigative journalism. Come up to The Bronx.

@MarylandResident 7 месяцев назад

This sounds like a threat

@Grasshopper.80 7 месяцев назад

@@MarylandResident no just a friendly invitation.

@kyndruhhh 9 месяцев назад

the winkels having a thinkel got me fkn good

@Gladiva19 9 месяцев назад

Such a missed opportunity to say "Gemini winkles, Genesis tinkles" at 5:53

@simtaylor4203 10 дней назад

This doesn’t really make sense though?

@LincolnWorld 9 месяцев назад

This is the first video of yours that I have seen. Had just the right amount of funny snark. Good job @Goodwork

@plodiN3 9 месяцев назад

"the Winklevoss have called for heavy regulation on the crypto scene" *flash back to SBF in front of the Senate calling to regulate crypto*

@MrPFMneto 9 месяцев назад

Well, you can spell "loss" with "Winklevoss"

@jesspeng6766 9 месяцев назад

OMG, didn't expect this masterpiece before the end of year! Keep up with the good work, Good Work!!

@jeremyp4427 9 месяцев назад

Amazing job as usual! Very well done!

@JoshHenderson16 9 месяцев назад

Why didn't that guy just pay for his wedding with his 6 figures?

@aznluvr7 9 месяцев назад

Must be some wife!

@JoshHenderson16 9 месяцев назад

@@aznluvr7 No kidding.

@the_box_of_shame 7 месяцев назад

@@JoshHenderson16HEYOOOO! Up top brother. Women, amirite? Keep it fresh for me!

@777VIV 9 месяцев назад

GOOD WORK WE LOVE YOUR WORK. HAPPY HOLIDAYS MR QUIFF MAN

@SPFAlpha 9 месяцев назад

This reporting is so on the street that you can see a guy closing his rear hatch door. Great Work

@neighbor9672 9 месяцев назад

Your channel is the most incredible private investigation I’ve ever seen in my life. There should be a video game about you. Straight up.

@MegaGeoffro 9 месяцев назад

I have to say, I really love your format of just filming anywhere and not giving a shit about whats in the background and foreground. I quite enjoyed watching that man drag the printer across the side walk. lol

@dragon106101 8 месяцев назад

Love the creative nicknames. I've watched all your videos so far, looking forward to many more. You and your editing team seem to have a great sense of humor.

@dadtier564 9 месяцев назад

I miss the iPhone camera, can I get some “RIP in peace” for that era! Appreciate you Dan and team!

@liverpool951000 9 месяцев назад

"it's OK to be confuse" lmfaooo put it on a shirt

@moreover6813 8 месяцев назад

6:05 That cup loomed over Dan's shoulder like a machete-weilding maniac

@lostlandmarks8305 9 месяцев назад

Love it. Can't wait until the whole scam comes apart.

@joewest3901 9 месяцев назад

Barry is the last of the major crypto scam kings standing. Do Kwon, SBF, CZ, and Mashinsky have all got got. I think his turn is coming, since NY regulators are after him at this point.

@TomJamesOfficial 9 месяцев назад

I don’t get how amazingly informative and entertaining these videos are. Nice one

@Hookokokkokoko 9 месяцев назад

You should look up how Encompass has bought/is buying all beer/wine/alcohol-tracking software companies. It's a monopoly under construction and they fired my friends in restructuring. It's like watching a hedge fund buy a bunch of brewers/winemakers small garage businesses, take their client lists, then gut the company.

@tomlxyz 9 месяцев назад

That seems to be a general trend with food and beverages. There are so many brands belonging to a few companies and it's not obvious (they probably want to give you the illusion of choice)

@matthewsoules7064 8 месяцев назад

Man seeing you progress is awesome! Found you 14 hours ago and now i gotta go to bed snd get resdy for work. You got me good brother keep it up!

@tomjohnson4922 9 месяцев назад

thanks for these. You've made an English major care about business beyond the surface. I had to do a backtrack in this one where I saw "lost parents" and I was taken aback... phew. Oh and if you want a small, flaming pile just go to Revere Beach in July.

@TheFarmboys 9 месяцев назад

When I was a freshman in college I set up a Bitcoin wallet and was ready to press buy on 10 Bitcoin for something like 50 bucks. I realized that I wouldn't get an actual physical coin so I decided to buy beer and groceries instead. If I had been slightly stupider I would have been rich. What I'm trying to say is that we all have a dumb little Twinklevoss inside of us

@argumentative2532 9 месяцев назад

If only you had 2 they might have convinced you

@Yangmang 9 месяцев назад

I mean you though bitcoin was a physical coin, I don't think we're any smarter

@DeeDee-zu2pv 9 месяцев назад

I'm right there with you, lol. I was gonna buy some bitcoin to buy weed but I got confused and bored and bought weed the regular way 😅

@loganmiat 9 месяцев назад

You would have only made money at someone else's expense though. Crypto isn't able to produce wealth (and actually consumes it) so it's an example of a greater fool theory and functions similar to a ponzi scheme.

@nohs8776 9 месяцев назад

think about it this way: what was stopping you from selling at $100?

@krombopulos_michael 9 месяцев назад

Whenever there's a victim who lost 5 or 6 figure savings sums on cryptocurrency, I really wish the interviewer would ask what the hell they were thinking. Like putting a bit money in hoping to strike rich, I understand, but putting enormous life savings in is something I just can't comprehend

@tomlxyz 9 месяцев назад

They promised single digit returns, which while high won't make you rich unless you put the maximum in

@joewest3901 9 месяцев назад

@@tomlxyz I mean in 2021/early 22, Gemini Earn would have been generating higher yields than junk bonds. You have to know that there's a high level of risk associated with earning that level of interest, even if Gemini is waving it off. It's not FDIC insured, it's not safe, and it's not a place to park any amount of money that you could not afford to lose tomorrow.

@sd-ch2cq 9 месяцев назад

When someone claims to have lost something like 100k I want to know whether that means 'paying 20k to the fraudster and being promised 100k' or 'actually giving 100k to the fraudster'.

@sd-ch2cq 9 месяцев назад

@@tomlxyz 8% is way higher than risk-free returns: you could only get these returns with some serious risk-taking. So I would definitely want to know *how* someone was investing my money.

@tomlxyz 9 месяцев назад

@@sd-ch2cq with 8 % interest it would take 21 years to get from 20k to 100k. Whatever someone put in, it can't be multiplied by now because the program didn't exist remotely as long

@slash213 8 месяцев назад

hats off to the guy who convinced his gf there's no wedding without spending six figures

@dmanmotherf 9 месяцев назад

We really need a Social Network 2 soon

@dt4279 8 месяцев назад

Man the writing is sooo good on all of your vids. Do you write all the jokes yourself, or do you get help? Amazing production. Funnier than most sitcoms nowadays

@joshuapatrick682 9 месяцев назад

Did it fail? It made them personally very very wealthy and that was their ultimate goal so I’m not sure you could call it a failure.

@Tumleren 9 месяцев назад

Are we just not going to mention the guy moving a whole office printer on a new york sidewalk?

@loganmiat 9 месяцев назад

Imagine if "crypto reporter" was your actual job title lmao

@spacecadet2226 9 месяцев назад

3:14 I can’t stop looking at what seems like a black car carrying a smaller white car. Great video by the way.

@GloryDaze73 9 месяцев назад

😂😂

@justintyler4814 9 месяцев назад

You are brutally good at these videos holy shit don't get shot and don't stop making these

@benzbubblecat 9 месяцев назад

"the winkles had a thinkle" oh my god

@benjaminrichter9519 9 месяцев назад

Geez perfect timing, go get it dude love from the eu

@matthewholt6168 9 месяцев назад

Jokes are on point in this one😆 that drink in the interview...

@Maxmore1492 4 месяца назад

You had me at “Winklevii".

@maggyfrog 8 месяцев назад

i remember that time when these 2 dummies suggested that looking at NFTs of artworks is better than standing in front of those artworks in real life

@rfldss89 9 месяцев назад

7:00 yeah if you've got 6 figures lying around and decide to put it into crypto without even reading the fine print then I can't feel sorry for you lol

@RyanReenBattikh 9 месяцев назад

This editing and delivery - so fucking funny

@jimrustle270 9 месяцев назад

This is my first video of yours and reckon you’ve got the potential to go big like Dan Olson did. Great writing, good style and sharp editing. Only thing I reckon will tip you over the edge is either learning your script or having it beside the camera scrolling. Just some constructive feedback because I like your vibe.

@dcoxinator 9 месяцев назад

Hey Dan, it is perfect that I got a gemini ad on the youtbe video. Plus another crytpo exchange ad. Man this is great lol

@munboy216 9 месяцев назад

The copy machine at 11:26 is an unpaid extra

@infty1369 3 месяца назад

finally someone with proper apostrophe usage

@Storymaker1995 9 месяцев назад

You're essentially impersonating Coffezilla in this vid, and I kinda like it.

@iWatchFromBehind 9 месяцев назад

The jokes in this piece are the best yet lol

@william6747 8 месяцев назад

Great job exposing them.

@MNSM 9 месяцев назад

keep the good work lad

@joen7526 9 месяцев назад

Dude you’re hilarious “My Crypto Twin Kings Love Dra-Ma” had me laughing 😂👍

@cyberiagenesis 9 месяцев назад

Just watched that Uber guy series/documentary show whatever it is, here I am binging NYC standup dude. Solid work bro

@SilverDonPatch2 9 месяцев назад

“J and Crew”😂

@nomissnewo 9 месяцев назад

"The Winkles had themselves a thinkle" -- great line.

@samdogmillionaire9288 9 месяцев назад

I really want a good work and channel 5 cross over episode

@ambertraceyy 8 месяцев назад

What broker do you use, please? I want to invest a significant sum of money in a variety of markets, but I'm not sure which is safe right now given the uncertainties. Should I store cash or diversify across a number of assets, including stocks and bonds, which can help fend off inflation? I have $249k or so saved up.

@debwes1 8 месяцев назад

Inflation is a money-eater, you either learn how to create a basket of securities like an expert or seek guidance from a financial expert

@georgeh.5126 8 месяцев назад

Agreed, I’ve been investing in the market for 11 years now, last 4 years with the help of a financial planner apparently due to the covid-19 pandemic crash. Throughout these years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1m roi as of today

@fredm1 8 месяцев назад

@georgeh Mind leaving info of your advisor here please?

@georgeh.5126 8 месяцев назад

She's known as a 'HEATHER LEE LARIONI'. So easy and compassionate Lady. You should take a look at her work.

@fredm1 8 месяцев назад

Thank you for sharing. it was easy to find her, then I scheduled a phone call with her. She seems proficient considering her résumé.

@TheRealMjb2k 9 месяцев назад

11:24 why is the guy rolling a printer through the street lol?

@alexdonger5816 9 месяцев назад

Sometimes you just gotta roll a printer through the street

@sandwarrior5579 9 месяцев назад

Bro your comedic timing is so good) I wish you had much more views as you deserve them. Greetings from Russia

@the3oclock 8 месяцев назад

“MY👏CRYPTO👏TWIN👏KINGS👏LOVE👏DRAMA👏” 😂😂😂

@xelefonte 9 месяцев назад

*Good Work is the new Jordan Klepper.*

@Illogic10 9 месяцев назад

Thanks for making this video! I got a good laugh. I have to remember that I’m not the only one that got scammed.

@herzogsbuick 7 месяцев назад

i found this channel earlier today, before i played a 4 hour set at a bar in anchorage. i come home, sit down, starting chilling out and press play...i think i'm gonna start incorporating garbage cans into my set

@markmccormack1796 9 месяцев назад

I really like the four books on the cube top in your interview area. Shows how smart and up to date you all are...

@prabanjan.b 9 месяцев назад

loved it, crazy! thanks for making these type of content!

@rrc5982 9 месяцев назад

You've perfected a discount daily show feel....

@Mutavr 9 месяцев назад

wonklewoss are actual literal cryptobros

@sarahk2722 9 месяцев назад

Cryptocurrency is the perfect framework in which we can clearly see the difference between knowledge and wisdom. Knowledge says an 8% return on investment is incredible, wisdom knows fraud is somewhere down the chain and you'll be lucky to get back 8% of your original investment. The Winklevoss twins seeing facts then going to the Genesis guy wanting to be sold and soothed on why reality isn't reality is ridiculous. The buck at Gemini absolutely stops with them whether they like it or not.

@phoneywheeze 8 месяцев назад

this is not a problem of cryptocurrency but these exchanges like gemini, ftx, etc

@xmine08 9 месяцев назад

I was waiting so hard for a third and then a fourth camera to pop up 😄

@lygiabird6988 9 месяцев назад

These vids are the only ones I can’t watch sped up, there is something humorous happening every other word and I don’t want to miss any of it 😂

@kylemisnothere 9 месяцев назад

It's messed up they're being targeted for being so handsome and cool :(

@moketeratlabala1824 9 месяцев назад

They don't make elevator music, they make I am in the toilet having diarrhea music.

@Redolentleek 9 месяцев назад

Winkles have a thinkle. My favourite line

@BraddPaisley 9 месяцев назад

Managing Money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times, while orders tend to avoid them. Well, at least my advisor does too.

@BendyChoy 9 месяцев назад

My portfolio is made up of dividend etf’s, dividend stocks, growth stocks and individual stocks, it allows a bit more freedom in specific areas with help of an advisor CHRIS RYAN STEWART who I’ve been in touch with over the years before buying any stocks and it’s been working perfectly for me.

@LSBContractingLLC 9 месяцев назад

Many people underestimate the importance of advisors until their emotions lead to financial setbacks. I recall a couple of summers ago, during my protracted divorce, when I needed a significant boost to keep my business afloat. I conducted research and found a highly qualified licensed advisor. Chris Ryan Stewart has effectively increased my savings from $220k to $740k, even in the face of inflation.

@RaphaelSafr 9 месяцев назад

Thanks for this tip. I just GOOGLED his name and his website came up right away. It looks interesting so far. I just sent him an email.

@smcheeto 9 месяцев назад

fantastic journalism guys

@narr482 9 месяцев назад

Love ya too, Dan

@chihchang1139 9 месяцев назад

there is 0% chance any of the victims will get their money back.

@MrStateAlchemist 9 месяцев назад

Love this channel so much. Would be pretty poggers if y’all did some videos revolved around situations in tech/business with more positive outcomes. I know the dramatic ones tend to get more views, but I’m sure a team that can produce content this entertaining could also make “good” news just as fun to watch!

@Argozolin 9 месяцев назад

What are the uhhh 'more positive outcomes' tho?

@roymarshall_ 9 месяцев назад

@@Argozolin I think you might be a bit overly pessimistic

@zeobide 9 месяцев назад

@@ArgozolinThe crazy part is I legit can't name a positive outcome besides maybe Bitcoin itself I guess?

@ChartreuseDan 8 месяцев назад

Eh. Investors do their research, pick investments that makes sense, meet projected growth isn't really much of a story

@vpena 8 месяцев назад

I got a feeling that this video was inspired/justified to showcase the cover clip. It was the center piece that needed to have a story around. That's good investigative journalism.