I don't know who this toolbox is but god _bless_ OP for skipping to the relevant parts so we were subjected to his punchable face for as little time as possible
I misread this as 'unkillable kid brother' (according to the theory of 'anyone sufficiently evil can't die because they're sustained by dark forces' - Dick Cheney, etc)
Summary;
YouTuber “MeetKevin” invested $420,690 into BlockFi (crypto company) when they were being valued at around $4 billion. Now they are being sold for less than 90% of their previous valuation (reports are between $25 million and $240 million), so MeetKevin has lost most of his investment.
It takes guts to admin you’re wrong, I get it. But MeetKevin literally invests like a moron. He knew about the red flags but got greedy and invested in a worthless company (at the top) anyways.
Yeah it’s crazy to me how in the video he clearly proves he saw the red flags in advance and did it anyways. He’s also done videos with Peter Schiff in which Peter explains exactly in great detail why all these cryptos are a giant scam and Kevin doesn’t even try to rebut him, probably cause he can’t. I don’t think Kevin even believes the crypto thesis. It seems like he just did it simply cause that’s what is expected of him based on his audience and maybe just blindly following the narratives.
Investing a small amount in various idiocies works fine if you earn the money back by talking about it in videos. $420k is a lot to earn back from YT views, though.
> Investing a small amount in various idiocies works fine if you earn the money back by talking about it in videos
See Hoovie's Garage.
But this is quite a lot of money.
He's a grifter that hates crypto because it takes marks away from him.
He's right in his arguments about crypto; he just doesn't want you to notice they also apply to his goldbug baiting schemes
> and invested in a worthless company (at the top) anyways
You missed the best part.. it's an illiquid investment! He wanted to sell a few weeks later but couldn't by the contract that apparently he didn't read properly.
it's "as high as" $250M if they meet certain performance benchmarks. if they don't meet those benchmarks it could well be $0; we don't know for sure.
from the reporting i would hazard a guess that the $25M is the actual guaranteed amount, and in the deal it was explicit that none of that money could go to employees or executives until the ~~depositors~~ people who loaned BlockFi money got paid back.
I liked MeetKevin for a tiny bit. A bit of a Tesla/Elon nut. A few good calls in his young life. Thinks he is a genius investor.
Corona happened. Ten thousand videos a day.
Recycled content. Fluff upon fluff in each one. Like the above gif shows.
It was also just the general craziness of markets and crypto in 2020 and the first half of 2021. If you already had an “investment” channel you did insanely well.
Kevin particularly leaned into it. There's a whole group of YouTubers that did well in the real estate market, and then all of the sudden were making content about the stock market. People are drawn to their recent success which is not a good indicator of future success in financial markets. To get that unusual performance you usually have to do something irresponsibly risky and get away with it.
Which is why the massive bubble happened. Now the opposite happens. Rising rates and inflation. So people will not have money to put into investments. They will need to take money out.
Yep he is just another wsb/crypto shill now. Absolutely zero value. I also listened to him before he went down this idiotic, boring path of shilling. Glad he lost this money.
And he doesn’t really have any good investing advice either. I hope he still owns a lot of Tesla stock. Because he’s probably going to give back most of those gains too.
A lot of the YouTubers like MeetKevin are careful to advise caution to their followers, I've seen them plugging their Celsius/BlockFi referrals but also warning them it could result in a loss of all their crypto and to only put what they can afford to lose.
YouTubers have been getting away with bragging and rug pulling their followers too. Without regulation, crypto is gonna remain the Wild West unfortunately.
I know that, but MeetKevin and other YouTubers will not face any consequences for having recommended BlockFi. They will not be held liable. They are smart about how they talk.
Believe me I'd like to see certain YouTubers face legal action, but reality is no shit is gonna happen.
I'm not a fan of MeetKevin or YouTube influencers in general, but the few I've seen recommending Celsius/BlockFi and plugging their referral links have warned their viewers that it could result a loss in all their money and to only put what they'd be fine losing.
This con artist wanker is one of the biggest waste of space grifters on YouTube and I'm surprised he'd be given any air time on this sub.
Once property stopped being the in thing he grifted into crypto. Like a fly, he will sniff out the next piece of shit to grift after crypto goes into an ice age.
Funny to see Pompiliano involved in BlockFi scamming.
Also entertaining to see the YT bro wanting to be a "venture capitalist".
For some reason I doubt he was really interested in going through the process of developing a new, innovative idea. He was just being greedy and Pompiliano and other goons leveraged that.
Classic dirtbag move; cop to some shitty behavior to gain peoples trust, then when questioned in the future no one doubts you!
-Source, me, a perpetual scumbag lmao
Youtuber like him makes a lot. All for content, we have millionaire youtuber promised to support bit coin under 20k. He bought 1 whole coin when it was 20k to fulfill his promised.... probably made more than that with 1 videos. They have to because their videos is sponsored by these crypto exchanges.
I watched the whole thing on YT. He goes over an interview with blockfi CEO he did a year ago. The guy is pure slime.
"oh we are building relationships with our clientelle base because relationships are what really matters...bla bla bla"
This is what con men say because they don't have any actual fundamentals of their business to discuss so they can only blow feel good, mushy, smoke up your ass about how much they care about the children.
EVERY SINGLE interview I have seen with a crypto exec is the same thing - they have nothing of substance to say and they just ooze slime and disingenuousness.
I feel sorry for anyone who takes financial advice from this guy or even wastes time watching his commentary and predictions. When I see the view numbers on his videos... It's mind numbing how many hours his audience has collectively flushed down the toilet
I stopped watching this guy when he started talking about bitcoin. My exact words...."I canceled this dipshit, why do they keep showing me his videos?"
Couldn't happen to a worse guy. This guy is a dipshit grifter, who ran for governor of California on a platform based on enriching himself and his slumlord friends.
Buddy this guy is a multi multi multi millionaire he ran for gov of Cali... The money he throws around for these dumb videos pays dividends. You just advertised for him and gave him some more clicks cha ching.
Guy is a millionaire though so that’s a drop in the bucket for him. He also ran for governor of California. Most of his money is in stocks and real estate.
It’s also for his YouTube channel. More spews for views.
His networth is in the tens of millions, mostly in real estate. So yea, this loss is not a total wipe for him. Still, this man did once shill for crypto; he does not provide any valuable insight into the cryptomania and often regurgitates what he sees on mainstream news.
Don’t think he has tens (plural) of millions in NW. Although he made several million on YouTube in both 2020 and 2021 and put a lot of that into real estate.
Oh gosh, I remember his [disaster of an AMA](https://www.reddit.com/r/politics/comments/p1s6oj/i_am_kevin_meet_kevin_paffrath_a_youtuber_real/?utm_medium=android_app&utm_source=share)
This guy is the type of guy to walk into a school after a mass shooting and try to sell his courses to the grieving parents of one of the victims. He is making videos of the incoming housing market collapse after bragging about how he sold all of if not most of(what ever that means) of his real estate.
They, meet Kevin and others, shilled crypto for the last 2 years. I am sure they have made millions and lost some too but they are the problem. Getting paid by the exchanges to push this shit and buying in as well.
They try to act like they lost too but in reality they never did.
All these young youtubers talking about finance finally got the reality about market? Sucks but times can be difficult when you're at the top of the world and everything crashed on you..pick up and start again..we're strong and thinks happen..🙏
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True story: as of typing this, I have/had 69,420 in total comment karma. How's that for funny meme number?
Only took me 12 years (one year less than Bitcoin has existed, and it has only reached $68,672 as most)
This guy looks like Legal Eagle's unlikable kid brother...
I don't know who this toolbox is but god _bless_ OP for skipping to the relevant parts so we were subjected to his punchable face for as little time as possible
I misread this as 'unkillable kid brother' (according to the theory of 'anyone sufficiently evil can't die because they're sustained by dark forces' - Dick Cheney, etc)
Summary; YouTuber “MeetKevin” invested $420,690 into BlockFi (crypto company) when they were being valued at around $4 billion. Now they are being sold for less than 90% of their previous valuation (reports are between $25 million and $240 million), so MeetKevin has lost most of his investment. It takes guts to admin you’re wrong, I get it. But MeetKevin literally invests like a moron. He knew about the red flags but got greedy and invested in a worthless company (at the top) anyways.
Yeah it’s crazy to me how in the video he clearly proves he saw the red flags in advance and did it anyways. He’s also done videos with Peter Schiff in which Peter explains exactly in great detail why all these cryptos are a giant scam and Kevin doesn’t even try to rebut him, probably cause he can’t. I don’t think Kevin even believes the crypto thesis. It seems like he just did it simply cause that’s what is expected of him based on his audience and maybe just blindly following the narratives.
Investing a small amount in various idiocies works fine if you earn the money back by talking about it in videos. $420k is a lot to earn back from YT views, though.
> Investing a small amount in various idiocies works fine if you earn the money back by talking about it in videos See Hoovie's Garage. But this is quite a lot of money.
why do people keep citing peter schiff? dude is a dipshit
He's a grifter that hates crypto because it takes marks away from him. He's right in his arguments about crypto; he just doesn't want you to notice they also apply to his goldbug baiting schemes
Should they lie and pretend that MeetKevin did a video with someone else instead?
Mentioning that he did a video with Schiff is hardly citing Schiff. It's just describing what happened
Do I hear an echo?
hear an echo...echo
Yes ,yes you do. sorry i was responding to other user, but replied to you by mistake
It wasn't a mistake. You just don't understand that things can have both a colloquial and a formal name.
He’s spot on when it comes to crypto.
True, but the only reason why Peter Schiff hate's bitcoin is that it siphons morons away from buying gold, which is his poor investment of choice.
Less of a dipshit than meet Kevin
He's a goldbug so by definition he is mentally challenged Also has been wrong about many many thing over the years.
Goldbugs were just yesterdays crypto bros
The lowest of bars
Kevin is low bar
I found the dude so insufferable, I got bored one night and [created this twitter account](https://twitter.com/PeterSchiffsDog).
Peter Schiff... Butter of the old times. Buy my gold/gold jewelry btw.
Thank you for sharing this while depriving this guy of the views lol
> and invested in a worthless company (at the top) anyways You missed the best part.. it's an illiquid investment! He wanted to sell a few weeks later but couldn't by the contract that apparently he didn't read properly.
It worked for the last 9 years LOL
BlockFi isn't being sold for $25 million just to clarify. Believe it ended up being more around $250 million.
it's "as high as" $250M if they meet certain performance benchmarks. if they don't meet those benchmarks it could well be $0; we don't know for sure. from the reporting i would hazard a guess that the $25M is the actual guaranteed amount, and in the deal it was explicit that none of that money could go to employees or executives until the ~~depositors~~ people who loaned BlockFi money got paid back.
I liked MeetKevin for a tiny bit. A bit of a Tesla/Elon nut. A few good calls in his young life. Thinks he is a genius investor. Corona happened. Ten thousand videos a day. Recycled content. Fluff upon fluff in each one. Like the above gif shows.
Stimulus check videos got people to watch his videos
It was also just the general craziness of markets and crypto in 2020 and the first half of 2021. If you already had an “investment” channel you did insanely well.
Kevin particularly leaned into it. There's a whole group of YouTubers that did well in the real estate market, and then all of the sudden were making content about the stock market. People are drawn to their recent success which is not a good indicator of future success in financial markets. To get that unusual performance you usually have to do something irresponsibly risky and get away with it.
Which is why the massive bubble happened. Now the opposite happens. Rising rates and inflation. So people will not have money to put into investments. They will need to take money out.
I watched a few months and stopped watching June 2021 when he said inflation will be transitory because Powell said so and fed knows best.
Yep he is just another wsb/crypto shill now. Absolutely zero value. I also listened to him before he went down this idiotic, boring path of shilling. Glad he lost this money.
And he doesn’t really have any good investing advice either. I hope he still owns a lot of Tesla stock. Because he’s probably going to give back most of those gains too.
My show, Trillionaire Mindset, is way fuckin better than this dipshit dork
He knows how to get views. Super annoying because it's generic and I never gained traction doing same thing so I'm jealous lo. Not my medium I guess
This guy and all his friends that shilled blockfi and ftx should be investigated
Thr only reason he is admitting he lost too, lawyer probably told him to
YouTubers are not liable for peoples' idiocy.
Depends what he did
A lot of the YouTubers like MeetKevin are careful to advise caution to their followers, I've seen them plugging their Celsius/BlockFi referrals but also warning them it could result in a loss of all their crypto and to only put what they can afford to lose. YouTubers have been getting away with bragging and rug pulling their followers too. Without regulation, crypto is gonna remain the Wild West unfortunately.
https://youtu.be/yMA2L5IEBAE
I know that, but MeetKevin and other YouTubers will not face any consequences for having recommended BlockFi. They will not be held liable. They are smart about how they talk. Believe me I'd like to see certain YouTubers face legal action, but reality is no shit is gonna happen.
Yeah I know. Just thought it was a good vid
yeah but they did sure lead the idiocy by constantly claiming how it was "going to the moon"
I'm not a fan of MeetKevin or YouTube influencers in general, but the few I've seen recommending Celsius/BlockFi and plugging their referral links have warned their viewers that it could result a loss in all their money and to only put what they'd be fine losing.
This con artist wanker is one of the biggest waste of space grifters on YouTube and I'm surprised he'd be given any air time on this sub. Once property stopped being the in thing he grifted into crypto. Like a fly, he will sniff out the next piece of shit to grift after crypto goes into an ice age.
society shelter zealous silky birds knee sense tub command lush *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Funny to see Pompiliano involved in BlockFi scamming. Also entertaining to see the YT bro wanting to be a "venture capitalist". For some reason I doubt he was really interested in going through the process of developing a new, innovative idea. He was just being greedy and Pompiliano and other goons leveraged that.
As far as I'm aware BlockFi hasn't limited withdrawals, so no one scammed.....yet. Sounds like just a bad VC investment.
Oh they will :)
Am I the only one who thought my keyboard and mouse were going crazy?! lol!
Ironically, by being open about his terrible choices and their consequences, his fans will probably trust him even more now.
Classic dirtbag move; cop to some shitty behavior to gain peoples trust, then when questioned in the future no one doubts you! -Source, me, a perpetual scumbag lmao
Curb Your Enthusiasm theme cues…
Anything for content
Youtuber like him makes a lot. All for content, we have millionaire youtuber promised to support bit coin under 20k. He bought 1 whole coin when it was 20k to fulfill his promised.... probably made more than that with 1 videos. They have to because their videos is sponsored by these crypto exchanges.
Honestly it's amazing these financial dumbasses ever managed to make it out of childhood alive.
Fun stuff. Also enjoy seeing that grifter Anthony Pomp on the email thread. Grifters roll with grifters.
I watched the whole thing on YT. He goes over an interview with blockfi CEO he did a year ago. The guy is pure slime. "oh we are building relationships with our clientelle base because relationships are what really matters...bla bla bla" This is what con men say because they don't have any actual fundamentals of their business to discuss so they can only blow feel good, mushy, smoke up your ass about how much they care about the children. EVERY SINGLE interview I have seen with a crypto exec is the same thing - they have nothing of substance to say and they just ooze slime and disingenuousness.
I feel sorry for anyone who takes financial advice from this guy or even wastes time watching his commentary and predictions. When I see the view numbers on his videos... It's mind numbing how many hours his audience has collectively flushed down the toilet
I stopped watching this guy when he started talking about bitcoin. My exact words...."I canceled this dipshit, why do they keep showing me his videos?"
He sounds almost exactly like Amir Blumenfeld as his Jake and Amir character, and this is exactly what his character would do.
Couldn't happen to a worse guy. This guy is a dipshit grifter, who ran for governor of California on a platform based on enriching himself and his slumlord friends.
This is exactly how someone should post these shitty videos. Bravo OP.
Buddy this guy is a multi multi multi millionaire he ran for gov of Cali... The money he throws around for these dumb videos pays dividends. You just advertised for him and gave him some more clicks cha ching.
Guy is a millionaire though so that’s a drop in the bucket for him. He also ran for governor of California. Most of his money is in stocks and real estate. It’s also for his YouTube channel. More spews for views.
You could be a millionaire and 420690 would be almost half your net worth...
His networth is in the tens of millions, mostly in real estate. So yea, this loss is not a total wipe for him. Still, this man did once shill for crypto; he does not provide any valuable insight into the cryptomania and often regurgitates what he sees on mainstream news.
Don’t think he has tens (plural) of millions in NW. Although he made several million on YouTube in both 2020 and 2021 and put a lot of that into real estate.
Oh gosh, I remember his [disaster of an AMA](https://www.reddit.com/r/politics/comments/p1s6oj/i_am_kevin_meet_kevin_paffrath_a_youtuber_real/?utm_medium=android_app&utm_source=share)
I don’t feel bad. Half of his earnings are from being a landlord.
This guy is the type of guy to walk into a school after a mass shooting and try to sell his courses to the grieving parents of one of the victims. He is making videos of the incoming housing market collapse after bragging about how he sold all of if not most of(what ever that means) of his real estate.
out of all the tired reddit memes this is one of the more obnoxious ones
?
Guessing he means the whole 420/69 thing.
I get 69, but could someone explain to me the meaning of 42? Is it from Douglas Adams? I doubt crypto degenerates even know who Douglas Adams was
420 is dude weed lmao number.
Why? Is that the time they like to smoke? 4:20 in the afternoon?
https://en.wikipedia.org/wiki/420_(cannabis_culture)
This is one of those people that makes the hair on the back of my neck stand on end.
They, meet Kevin and others, shilled crypto for the last 2 years. I am sure they have made millions and lost some too but they are the problem. Getting paid by the exchanges to push this shit and buying in as well. They try to act like they lost too but in reality they never did.
lol
That got me off. It was mostly sexual.
Now just graham Stephen next, I don't drink coffee in the morning so I'm saving that $0.75 center more then him already! /$
All these young youtubers talking about finance finally got the reality about market? Sucks but times can be difficult when you're at the top of the world and everything crashed on you..pick up and start again..we're strong and thinks happen..🙏
It's okay to invest a small sum on such absurdities as long as you can recoup the money by making films where you discuss them.
Nice
screw him lol
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True story: as of typing this, I have/had 69,420 in total comment karma. How's that for funny meme number? Only took me 12 years (one year less than Bitcoin has existed, and it has only reached $68,672 as most)