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BITCOIN SEASON 2: Inside The Secret World Of Bitcoin Scammers w/ Junseth

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 24 September 2025

⏱️ 49 minutes

🧾️ Download transcript

Summary

Bitcoin OG Junseth from Bitcoin Uncensored exposes crypto phone scammers by recording conversations with young thieves who target Bitcoin holders, revealing their psychology and methods while discussing Bitcoin culture. Junseth from the legendary Bitcoin Uncensored podcast joins us to talk about his shocking investigation into crypto phone scammers. He recorded dozens of calls with young thieves targeting Bitcoin holders, revealing how 16-17 year olds recruited on Roblox and Minecraft steal millions through social engineering attacks on Coinbase users. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Junseth’s scammer interviews: https://soundcloud.com/junsethsworld Notes: • He gets 10+ scam calls/day • Scammers are young: 16-18 years • Recruited primarily on Roblox/Minecraft • One scammer calls back to apologize! • Claims of $60k+ paydays Timestamps: 00:00 Start 03:51 Scammer recording 07:36 The arc of the conversation 12:50 Who are these scammers? 14:51 Arrests 17:06 What do they do with the assets? 20:26 Recruiting scammers from Minecraft 25:04 Bitcoin cultural evolution 28:26 Whay is everyone dumb? 30:21 Non-monetary Bitcoin 37:02 Cultural moments - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media

Transcript

Click on a timestamp to play from that location

0:00.0

Explain the scam first.

0:01.3

They call you up.

0:02.0

They say, hey, this is such and such from Coinbase security team. We're noticing some attempted logins in Turkey or something like that. Is that you? No, it's not, oh, well, I'm going to send you a security code. And then they start sending you security codes, which are basically just like your login info. Really, the goal of it is to get you into a high anxiety state, get you to give up information, and then get you to calm down, right?

0:23.8

Get you to give up

0:21.2

information, and then get you to calm down, right? Get you to, like, feel satisfaction and

0:26.3

thankfulness for the act of securing your account. When what you've actually done is now,

0:31.3

you have a great amount of comfort and satisfaction and thankfulness for a guy who actually

0:36.4

got socially engineered you into getting you to log him into your account.

0:40.9

And it's a very weird emotion, I think, for people when they realize that they have stolen from themselves essentially.

0:47.8

They just, they basically walked the thief through their home and said, here's where my safe is.

0:51.6

This is the combination. Would you like to look in it so that you

0:54.3

can secure my goods? And the guy goes, yeah, actually, the safe isn't the safest place. How about my

1:00.1

pockets? And then he like, takes all the gold out of your safe and walks out. And then you're like,

1:03.8

oh, what a nice guy. Like, that's essentially like the feeling. And then these guys often don't

1:08.2

realize they've been stolen from for days because they're so

1:11.1

thankful. Welcome to the show, Jonesth. Thanks for coming on. No problem. Love to love to do it.

1:23.1

People may know you as like the progenitor of the OG Bitcoin

1:27.5

Podcast Bitcoin Uncensored, RIP.

1:29.9

But these days, you can be found chip posting under the moniker but Dickerson on Twitter.

1:35.5

Can you tell me?

1:36.1

Dick Carson.

1:36.9

How you came up with that?

...

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