Dan Olson, Part 1 - Crypto, NFTs, and Tech’s War on Doubt
Trust Me: Cults, Extreme Belief, and Manipulation
Exactly Right and iHeartPodcasts
4.5 • 2.6K Ratings
🗓️ 18 March 2026
⏱️ 53 minutes
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Summary
This week, Dan Olson of the YouTube channel Folding Ideas joins the show for a deep dive into crypto, NFTs, and why so many of these spaces start to feel less like finance and more like belief systems. He breaks down the history of Bitcoin, what cryptocurrencies actually are, and how NFTs exploded into the mainstream, with investor communities promising not just wealth, but destiny–as long as they suppress their doubt and stay in line.
They discuss the gender divide and whether crypto is MLMs for men: same promises of prosperity, different packaging. Plus, some of the insider jargon and acronyms used to shut down skepticism, and how it all added up to a financial technology becoming a social identity.
And stay tuned for part two next week, when Dan will zoom in on the role of charismatic leaders in driving the decision-making.
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Transcript
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| 0:00.0 | This is exactly right. |
| 0:07.7 | Trust me. Do you trust me? |
| 0:10.9 | Would I ever lead you astray? |
| 0:12.4 | Trust me. |
| 0:13.3 | This is the truth. The only truth. |
| 0:15.8 | If anybody ever tells you to just trust them, don't. |
| 0:19.7 | Welcome to Trust Me, the podcast about colds, extreme |
| 0:23.0 | belief and manipulation from two crypto babes who've actually experienced it. I'm Lola Blanc. |
| 0:29.1 | What's up? What's up? I'm Megan Elizabeth. Wow, sounds like a real crypto babe over here. |
| 0:36.1 | This week is part one of our two-parter with Dan Olson of YouTube channel Folding Ideas. |
| 0:42.0 | He is brilliant and he is going to talk to us about crypto, NFTs, and the cultiness of these |
| 0:46.8 | communities. |
| 0:47.8 | He will be breaking down the history of Bitcoin and what cryptocurrencies actually are, |
| 0:53.0 | how NFTs came about and were basically |
| 0:54.9 | in Emperor's New Clothes situation, and the cult-like thinking that began to emerge in many |
| 0:59.4 | of these online communities promising potential investors, not just wealth, but destiny, as |
| 1:05.0 | long as they suppress their doubt. |
| 1:07.1 | Mm-mm-mm. We'll discuss the gender divide between crypto promises of prosperity versus say new age promises |
| 1:15.2 | of prosperity. Some of the jargon and acronyms used by its communities to keep people in |
| 1:21.5 | and how it all added up to a culture that discouraged doubt and demanded keeping the faith no matter what. |
| 1:28.9 | And next week, we will discuss how charismatic leaders drive basically all of this behavior and |
| 1:34.1 | lots more. |
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