Lifestyles of the Rich and Blockchain (Malta 2018)

## What Bitcoin Did - "Lifestyles of the Rich and Blockchain (Malta 2018)" Summary

This 2018 episode of What Bitcoin Did, broadcast live from the Malta Blockchain Summit, satirically examines the hype and excesses surrounding blockchain projects and ICOs. The episode focuses on "Yacht Chain," a project designed to track yachts on a blockchain, and the equally absurd "Sock Chain," intended to solve the problem of lost socks.

Main Topics:

• The ease of raising funds for blockchain projects.
• The extravagance and absurdity of blockchain applications (tracking yachts, lost socks).
• Satire of the crypto conference scene and investment trends.
• Mocking the premiumization and exclusivity of blockchain projects.

Key Quotes:

• Baron Dan (aka "Crypto Raptor"): Boasted about raising over $55 million for Yacht Chain and Sock Chain.
• Queen (Yacht Chain): Humorous description of the project's origin as a solution to managing an excessive number of yachts.
• (Implied through satire): Commentary on the perceived security of blockchain technology ("lock chain").

People Mentioned:

• Tom (WCN Host)
• Dan (WCN Host & "Crypto Raptor")
• Queen (Yacht Chain)

Bitcoin Price: Not mentioned.

The episode highlights Yacht Chain's reported success, having raised $142 million through its ICO and being "sold out." The hosts playfully mocked the project’s increasingly lavish chain options (silver, steel, gold, diamonds, rubies, sapphires) and the ease with which it secured significant investment, culminating in a $10 million contribution during a live announcement. The episode concluded with a brief, unfinished segment hinting at the volatile nature of blockchain investments.