
How did the SCAM cryptocurrency become a success? Why is Google allowing government rip-off ads to still appear on search results? And why on earth is everyone suddenly spending millions of dollars on NFTs?
All this and much more is discussed in the latest edition of the award-winning “Smashing Security” podcast by cybersecurity veterans Graham Cluley and Carole Theriault, joined this week by Rip Off Britain’s David McClelland.
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This transcript was generated automatically, probably contains mistakes, and has not been manually verified.
We were renting just while we decided that we hadn't made a big mistake after all, and we liked the village we had moved into, we decided that we did.
So we took the opportunity of lockdown, and here in the UK, stamp duty, this tax you pay when you buy a house, has been relaxed for many people.
So we used that as an opportunity to buy a house in our village. And it is lovely, but I will be talking a little bit more about that later on in the show.
Now, coming up on today's show, Graham, what do you got?
Or you can shorten it, SCAM, also known as scam, because scam is the name of a brand new cryptocurrency.
His real name is Andre Lewis. You know, I'm working with devs, I'm working with legal teams, I'm working with businesses and shit. Like, there's a lot going on, man.
Like, I'm a regular motherfucker that just so happened to make a coin, and now I got to make this bitch useful to the world.
And I get a chance to make this an educational tool for motherfuckers, so I'm gonna take that chance and I'm gonna make that chance, you feel me? And guess what?
Today we gonna burn some motherfuckers' tokens. You see that $7 trillion supply? Oh, oh, most of that shit gone, player. That shit getting burnt. Burnt.
Now, Dre describes himself as a regular motherfucker, and he says—
I'm a Celebrity, Get Me Out of Here. Have you ever been asked, David, to do any of those?
Not one of those, but certainly another programme which people may have heard of that I'm not going to mention out of fairness, but it may have involved me sitting on a chair for a good part of the programme.
It never came off in the end. Maybe COVID got in the way.
He was poking fun at what he called other shitcoins, which are cryptocurrencies which aren't made out of poop.
They are pump and, well, maybe appropriately, dump schemes quite often, where the price is overinflated and sort of hyped up to high heaven.
And then of course people get out and make a lot of money, and other people are probably making a loss.
So he got fed up with all of those, and so just as a joke, he created this cryptocurrency called SCAM.
He said, look, I'm not trying to scam people, I'm being very open and transparent, I'm not tricking you by making any promises.
But that's an awful lot of coinage, I think.
So there are some services online where you can basically sort of enter your details and press some buttons, and out the other end, comes a new cryptocurrency.
And he told some of his mates about it, and he began to promote it on his TikTok channel. And Carole, to answer your question, what happened next?
He claims not even to know how to sell cryptocurrency. And I think— I don't know, there's a part of me which thinks that's nonsense.
But then I watch some of his videos and I think I'm just amazed he knew how to upload a video to TikTok.
Anyway, since reaching $70 million, it then slumped to $7 million, $5 million, and it's now currently less than $2 million market capitalization. And remember, that is the—
There was no way you could use it to buy anything other than, I guess, other cryptocurrency. All you can do with it is buy it or sell it, and that's it.
And there is a community of scam fans now which has emerged. They call themselves the Scammerly. I like that.
We can read more about them and see some videos by the creator.
But there's been some unfortunate side effects because, of course, with the zooming up and then the plummet, some people aren't terribly happy.
They kind of expected the price to continue going up.
And apparently, according to Dre, well, he's been speaking to the guys at Motherboard and he says, well, I'll just quote what he says. So imagine this is him. Okay.
At one point, I started getting calls from relatives because motherfuckers tried to dox me and harass my family. I made this as a joke. No one told you to buy this shit.
It's called scam, you stupid motherfucker.
I went on Twitter to say I'm not taking disrespect from motherfuckers with no anime pictures and no 8-bit fucking profile pictures because the coin tanked at some point.
I didn't do anything. I didn't tell anyone to buy anything.
You know, they could lose a lot of money if they got in when it was high and went low. And there have been cryptocurrencies in the past.
I don't know a lot about cryptocurrencies, but there was this thing, dogecoin, wasn't there?
But I somehow find it rather— $70 million, I'm just shocked.
I'll jump on that and hope it carries on going in that direction.
And while I'd spoken and researched and understood a bit about the underlying blockchain technology and why many businesses and why many financial institutions get quite excited about that, I kind of steered away from the actual cryptocurrency bit that goes on top.
But I went down deep, spoke to a few people from cryptocurrency exchanges, and as part of that, I said, you know what, I'm going to invest, gamble, invest £50, £50, just so that I've been through the process and I see where it takes me.
And one of the cryptocurrencies that I invested in was Dogecoin.
I'm not sure what they call themselves, but this is a cryptocurrency that is often used to tip content creators online.
Yes, it started off as a joke, but actually it's found its community, it's found its purpose. And, you know, many people speak very, very strongly. It's a badge of honor.
Same with many of the other cryptocurrencies as well. And in fact, I'm looking right now at another cryptocurrency. You mentioned the scam token.
There is here The anti-scam token, which has risen in price over the last week by 35.6%.
There is this real rise in many of the main cryptocurrencies, whether it's Bitcoin, which everyone thinks of, but some of the others, Ethereum and whatever as well.
It's a really interesting space to be watching, but I value my money.
And going back to the story I wrote two or three months ago, I can't be seen to give financial advice, certainly not in the pages of the newspaper.
And thankfully, the Financial Conduct Authority came out with a do not invest in cryptocurrencies unless you are prepared to lose all of your money.
It is very much a house of cards was their take. So look, I'm not going to put a downer on people who do choose to do this.
I know many people who do, and it does seem to be this kind of binary. I think people are either very evangelical about cryptocurrencies or quite the opposite.
People rarely sit in the middle, and I am kind of sitting in the middle, and I'm seeing people doing both, thinking, well, you know what, I'm just going to watch it and be interested and see where it goes, like a lot of other people.
Meanwhile, I have to say, my £50 has been quite a fun little gamble over the last few months.
You've got the stablecoins like Litecoin, then you've got the shitcoins, which are the rubbish ones. These are technical terms in cryptoland.
So yeah, I did ditch the Doge and bought some Litecoin instead, which has performed not particularly well.
Thank you very much. A couple of weeks ago, and I bought her a pair of shoelaces as our lace anniversary gift.
Anyway, so a decision was made at the time that she would double barrel her surname so that she would keep her married name and her maiden name together.
So Kerry Barrett-McClelland. The hyphen isn't part of the double barrel, that's just the hyphen.
Anyway, one or two, just for absolute clarity, but one or two things happened that helped us to realise that it wasn't a great idea.
First of all, it turns out that many online forms don't like surnames that are that long. They often cap at 12 or 16 characters or something.
So on some corners of the internet, on lots of things through the post, she was Kerry Barrett McClelland. Not great, really.
And then the other thing, a more personal thing, was our delightful children came along and we made the decision that they would take my surname, and Kerry realized that she didn't want to have a different surname to her children.
So Kerry embarked on this process of changing her name, and in the UK, in many other countries, this is known as deed poll.
Now, deed poll is not something you do every day, so where do you go to find out how to do it? The internet. Yeah, exactly, you hit Google, of course.
So I don't know, she typed in deed poll England or something like that, and you know what people tend to do is look for the first official-looking result.
And, you know, we do this for all kinds of things, don't we? Passport applications, driving licenses, travel visas, the sorts of things you don't do every day.
Search it on the internet, look for an official-looking source. That's exactly what Kerry did, and the site, so she tells me, looked very genuine.
And she entered in her personal details, paid a fee that she thought was for this legitimate government service.
And to be fair, a few days later— and I looked at it earlier today, she got an official-looking certificate back through the post, and it looks official at first glance, I guess.
And you know, that was it until last year when I was researching a story for BBC Rip Off Britain, currently on BBC One, 9:15 till 10 AM, into middlemen— sorry, am I allowed to plug?
I don't know— into middlemen service companies that advertise strategically on Google to help process people's applications.
And this is again driving license address changes, ESTA applications if you're traveling to the US.
But none of these services are official, and they charge a really healthy fee on top.
So I dived into our family's filing and took another look at the certificate that Kerry got back. Right, it wasn't official at all.
You know, it had a watermark on it with the name of the website that it came from.
And for the type of deed poll that she had been through, an unenrolled one for those who know the process, there isn't an official document as such at all. She had been duped.
Now, this was, you know, 8 or 9 years ago or something, but she'd been duped into using a third-party service company that it turns out did little more than run some paper— admittedly, it was kind of posh parchment paper— through a laser printer and then post it back to us.
And it applied a very, very healthy fee for the privilege. Wasn't official.
The piece of paper we received was no more lawful or legitimate than if we'd followed a template and printed it out ourselves.
They just copied and pasted into this bit of paper and sent it back and charged a good bit of money for it at the time.
Now, the thing is, is that these sites aren't necessarily illegal to the letter of the law because they are providing a service of sorts, so they claim.
Now, they have to make it clear that they aren't an official government service, and there have been various clampdowns on this in the past.
And I say, I looked over this a few months ago, and I have to say, I looked at a good number of these and they are very, very clever in how they word their disclaimers, how they mimic the look and feel of the official websites, you know, close enough so that they can get away with it, but they don't say that they are.
And I can understand how the unwary could easily be duped and unwittingly hand over lots of cash for something that might be free, in our Deed Poll case, or cost a lot less, let alone the whole thing of harvesting people's personal details.
But the question is, why am I seeing these in the first place?
Surely Google should be weeding them out, realizing that if I'm searching for official government services, only those official sites should appear at the top of the results.
And you would think that, wouldn't you?
And thanks to pressure by various places, this time last year the Big G introduced a new government services policy that said very clearly that it would no longer allow these kind of ads.
And guess what?
The BBC— I'm looking at the BBC story that dropped a day or so ago, Chris Fox, and he said that the BBC has been looking month by month, doing a set number of searches to see how many of these government and official delegated services ads appear at the top of the results.
And basically they're still there despite Google making a big noise last year of saying it weeds out billions of these and uses artificial intelligence and they're not allowed to serve these adverts anymore.
They still are, which is so incredibly frustrating.
You know, is it in Google's interests to curtail some of these, I'm sure very well-paid, adverts? And I don't know that it is.
So on the one hand, Google's saying, yeah, we're stopping billions of these every year. And on the other hand, thank you very much. We'll have some money for that click, please.
Some of them are astounding, you know, they're astounding get-rich-quick schemes and diet stuff and all kinds of nastiness.
And it doesn't seem to be any vetting, you know, standard authority.
But it's the same on social media platforms as well. It's incredibly frustrating, you know. Anyway, so there seems to be little that we can do about it.
And it's something that even a supposedly tech-savvy household can fall foul of, albeit in far more innocent times.
When you were on television, you'd have your own national authority that was helping guide the ads.
And he goes, "Hello, I'm Albert Einstein and I want to tell you to install smart meters." And I want to know how—
Because he's not Albert Einstein.
So first, fungible refers to something that can be interchanged, dollars or bitcoin. So I can trade one for another and it doesn't matter.
You're not better or worse off if we trade equal amounts of each. So non-fungible means something that exists that can't effectively be duplicated, like a painting, right?
You may have an original art piece that's worth $50,000 and you can get a print of that same work for a fraction of the price, but there's one original and there's countless copies.
Would you say that's fair, David? I'm just checking in with the expert.
Though others are getting on the bandwagon, and why not? 'Cause as you'll see, there is a lot of wonga that can be made here with these NFTs.
And Graham, coming to your story, think about it in terms of this, 'cause it's insane.
So Ethereum is a platform with its own digital cryptocurrency like bitcoin, but its blockchain also supports these non-fungible tokens, these NFTs.
And whoever has the NFT certificate in their digital possession is considered the rightful owner of this NFT item.
There's platforms like OpenSea and Mintable and Rarible, and this is where you do NFT trades.
And then you can either bid on items as you would an internet auction, or some will have a set fee. Okay, so you might say, you just give me this and you can have this.
So NFTs seem to be really in the creative digital space at the moment. So like original pieces of music, a painting, a cool software experiment, even a tweet.
So founder of Twitter, Jack Dorsey, sold his very first tweet as an NFT earlier this year.
I could understand why you could have an NFT proving that I have ownership of one of your paintings. How can I buy a tweet? How can I buy someone else's tweet?
So if you bought it for 3 Ethereum coins, whatever it's called, David, what's the point of owning a Jack Dorsey tweet?
It is a piece of history, and I think Wyatt did a really interesting piece only a few weeks ago about how some of the common memes that we see, you know, those little photos of fist bump kid and the girl standing in front of the burning down house, all of those images that were taken out of context and then develop their own life online, the original of those images, there is an agency, a brokerage who's getting in touch with the original people who are in those images and offering to sell the original images to people, general people on the internet, who want to own the original one of those meme images, which I think is really interesting.
Yes, they can be copied because it's digital, anyone can copy it.
But to have a digital certificate, again, that says, actually, I own the original one of these, there is a value of some sort, is the argument with this.
And I think that's the whole thing about crypto in the first place. Is there any value in it? Well, if people want to buy it and exchange it, then yes, there is a value to it.
And I heard that she's now grown up and is putting herself through college and she's made, is it half a million dollars?
He put his painting, The First 5,000 Days, that's what it's called, as an NFT artwork to be offered up by a major auction house, and it sold for a record— get this— $69 million on March 11th this year.
But the star of the show are CryptoPunks. Okay, these are by Larva Labs.
Now, CryptoPunks— let me just give you a link in the show notes, you guys can take a look at this while I'm talking because this will kind of blow your mind, I think.
Okay, I wouldn't say any of them are remarkable works of art, in my opinion. But there you are. It is cutting edge, as you say, David.
You know, it's right at the cusp of something crazy weird. So Larva Labs is run by Matt Hall and John Watkinson.
And as you can see, this has become a hot commodity among the crypto's nouveau riche.
So even the New York Times, as an experiment, put up a picture, an NFT picture of a New York Times article for auction on the Ethereum platform.
Someone paid $560,000 for it, a picture of the column by journalist Kevin Roose. And 'Why would anyone spend the price of a high-end Lamborghini on a picture of my words?' he asked.
But as you say, some NFT collectors believe that owning early prominent crypto tokens will eventually be like owning rare first edition books or priceless paintings.
Even Johnny Depp, Graham.
So even Johnny Depp doesn't mean anything.
Like, there was one artist who has recently sold a portrait of Kobe Bryant for almost $30,000 and said, before now, I couldn't say that I could put food on my table through my work.
But there are problems, and Graham, you touched on these in your story. So one is accounts can get stolen, right?
The platform where you store your NFT account could get hacked, for example, and you might have to say sayonara to your ownership or to your little dosh that's being stored in there.
Could I create an NFT for that scar on my finger?
I'm actually not sure if that's the correct terminology. It might be. And then sell that.
And, you know, somebody may well want to buy a digital little picture of that scar on your finger.
And I think it did sell for some ridiculous— I was just looking to see if it was NFT, but I couldn't find it.
And while Bitcoin is like the Facebook of the crypto world and it is very, very resource hungry, there are some newer technologies, and indeed Ethereum is looking at moving over to that, rather than being mining-based, are stake-based, and they're far more efficient.
I think this is a good thing. I think that as with many new technologies, there's a reason why they've kind of risen to the top right now.
And with the rising price of other cryptocurrencies, Bitcoin and so on, that's created a bit of a gold rush here in the NFT space.
And also the fact that many people have been in lockdown for the last 12 or longer months. And, you know, this is a way of people making money, of possibly creating a new business.
So I think that's contributed to it as well.
But as with many new technologies, there will be all of these heightened expectations over the initial wave of it, and then we'll come to a bit of a trough of disillusionment.
But then there will be some real use cases that come up.
And, you know, it'll be in the longer term where I think we will start to see technologies like NFT, or technology implementations like NFTs, actually have some value.
But right now, it's a bit of a blunderbuss scattergun approach while we try and work out what the right application for this technology is.
So I'm kind of optimistic, even if the current phase is a bit of a bubble. I think that there is some potential value and utility of this in the longer term.
Like, imagine you've written a song, Klu, and then before you tell anyone about the song, make it an NFT work or available via that medium, and then you can talk to publishers or anything.
You can talk to anyone about it and they can buy it from that platform.
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Can you join us on our favorite part of the show, the part of the show that we like to call Pick of the Week?
Could be a funny story, a book that they've read, a TV show, a movie, a record, a podcast, a website, or an app. Whatever they wish. Doesn't have to be security-related necessarily.
If I'm watching a TV program, even if it is in English, even if I've got the sound turned up, maybe it's my age. No, I've always been doing this.
I will turn the subtitles on because I get more of the plot. I enjoy reading. It's like, oh, so that's how you say, you know, I just like to turn on subtitles.
Because if you're using the Chrome browser, which isn't the browser I normally use, but I've used it for this experiment, there is an option called Live Caption, and they've just introduced it.
If you go into Settings and then Accessibility, which is under Advanced Settings on your Chrome browser, you can enable Live Caption, and you will see captions of whatever your browser hears coming out of the browser.
Not only does that make its way to your headphones or to your speakers or whatever, that also gets sucked up to Googleville and they do some AI machine learning, whatever on that.
And then they send back some letters onto your screen.
I'm not a security or privacy guy, so I didn't look at those details.
But I tried it out, I tried it out on our podcast, our last episode of the podcast to see, and it doesn't do a brilliant job, but it does, I mean, considering what it does, it does a fairly reasonable job.
There's probably a little bit more to delve into there, but it does, at least on first look, seem to be on device. I was concerned about the privacy implications of that, but—
I remember Philip Schofield in the broom cupboard just before Neighbours came on at half past 5 in the afternoon before my tea was ready.
And they would even— he would even do the British Sign Language symbol. I can remember it very, very clearly.
And if you want subtitles for Neighbours or whatever it was, Ceefax page 888.
And through the magic of teletext, which those in the UK will remember fondly, particularly those who went to BBC Micro at a certain age as well in the '80s, will remember, it was live captions on your screen before any of this Chrome technology was around.
So it's not going anywhere, but it's certainly showing all of the signs of wear and tear that guarantee busy weekends, busy holidays, and virtual bankruptcy for time to come.
So, I've never been much of a handyman.
I'm not going to lie, my skills are digital rather than manual, but I have been trying to do my bit to learn one end of a screwdriver from another.
And I found something online while I was Googling how to use a measuring tape or something.
And there's a guy called the Gosforth Handyman, and he's got a YouTube channel with loads and loads of videos on there, a good number of subscribers as well.
And he's, first of all, he's a great guy to watch. He's very engaging, clearly knows his stuff. You kind of feel as though you're hanging out with him.
He's about the same age as I am.
But also, he talks about how to use stuff that as a DIY person you would need to use in a very easygoing, non-patronizing manner that makes it, you know, first of all, very credible, very authoritative, but also very accessible.
He's currently renovating a 1920s semi-detached property from the ground up, practically.
And so what I've done, and you know, I'm all for supporting online content creators, and you know, some people use Patreon, which is a great platform.
This guy's got his own platform. I pay a couple of quid a month for a member zone, so I get some additional videos.
But the most value for me is he goes through the cost breakdown of all the different jobs that he's doing, all the trades that he's getting in, how much it costs to have some windows fitted, how much it costs to have a shed put up in the bottom of your garden, or to have a new water supply routed into your house.
That information is invaluable because I trust that he's not going to be getting ripped off.
So if the prices that I'm getting quoted for all the similar work that we're having done at our house are similar to his, then that's an immediate cost saving.
So for a couple of quid a month to get some extra content and to follow him on his journey as he, who knows what he's doing, is bringing this house back to its former glory, is great.
I've been binge-watching this man's channel while I've been doing my washing up for the last 3 or 4 weeks.
I've still got an awfully long way to go, but I do feel as though, you know, I feel more confident with a screwdriver in my hand than ever I did.
So, Gosforth Handyman, Andy Mac— Andy McClelland, pure coincidence is his name. Look him up on YouTube and you'll find lots of interesting—
So I will definitely check that out. And if you're in the same boat, we can talk and compare stuff if you want. So listeners, that's Gosforth Handyman, G-O-S-F-O-R-T-H Handyman.
Just Google that and you'll find his property maintenance channel.
And then I was looking out the window and I thought, oh, I know what I'll pick because I live in a little town, right, in a city, and I have a smallish garden, but I have a Canadian-sized appetite to grow a vegetable cornucopia this year, but how?
I don't want big heavy planters and I don't want to dig up tons of stuff, but I purchased some foldable felt sacks. Now they're basically like half a cylinder, right?
Available mostly in dark colors, a variety of diameters, and you plant your soil directly into it, then your seedlings directly into that.
So the roots stay super toasty because it's black and all warm with the sun, and it drains super well because the whole thing's porous, and if you fill it 3/4 full, your seedlings are protected from harsh winds, and they have handles.
You can carry them around, move them around. I am so far— I'm in love with them. Now, Mark Stockley, who was last week's guest host, he said they might rot very quickly.
I don't know. We will see. I will inform you at the end of the summer, but until then, check those out. I have a few links to— there's— I don't have a brand.
I bought tons of different brands just to check them out, but I have a link about how they work and the pros and cons, and you can check that out.
So at the end of the year, if they're not all rotted like Mark says they might be, you can just dry them out and fold them up, and they don't take a ton of space.
So anyway, I'm into these.
David, I'm sure lots of our listeners would love to follow you online or find out what you're up to. What's the best way for folks to do that?
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Last week, Graham kind of said, "Hey, would you guys mind giving us a review sometime?" Quite a few of you did. So, wow. I just want to read out a few favorites from last week.
So, one from B. Babeno saying, "Such a clever and funny podcast every week. I'm really looking forward to the next episode and chemistry between the two hosts of the show.
Highly recommended. A big and sincere thank you to the makers of this brilliant podcast and their guests." Loved receiving that review. So thank you so much, B. Babeno.
Other favorite one was addicted. "I listen when going to bed, waking up, odd jobs around the house, whilst I'm working, even around Tesco.
Absolutely addicted and always looking forward to Thursday." That's from Vic Von 94.
High five, Vic, for taking the 60 seconds it needed to do that review, because it means the world. Thank you to everyone that left reviews. They seriously helped.
We're gonna try and read a few of our favorites every week, so keep them coming. Buckets of love to you guys. Thank you.
Hosts:
Graham Cluley:
Carole Theriault:
Guest:
David McClelland – @DavidMcClelland
Show notes:
- Andre Lewis (@dreesuschrist) — TikTok.
- This TikToker’s ‘SCAM’ Cryptocurrency Took Off and He Can’t Believe It — Motherboard.
- Simple. Cool. Automatic. Money — Scamily.io.
- Why can't Google get a grip on rip-off ads? — BBC News.
- New Government Services Policy — Google Advertising Policies.
- Fungible definition and meaning — Collins English Dictionary.
- NFTs, explained: what they are, and why they’re suddenly worth millions — The Verge.
- Why Did Someone Pay $560,000 for a Picture of My Column? — The New York Times.
- Jack Dorsey is trying to sell his first tweet as an NFT — The Verge.
- CryptoPunks — Larva Labs.
- Johnny Depp selling Winona Ryder poem as part of NFT collection — Female First.
- NFTs are suddenly everywhere, but they have some big problems — CNN.
- Chrome can now caption audio and video — Google.
- Gosforth Handyman.
- Gosforth Handyman — YouTube.
- Grow Bag Pros And Cons – Advantages And Disadvantages Of Grow Bags — Gardening KnowHow.
- Smashing Security merchandise (t-shirts, mugs, stickers and stuff)
- Support us on Patreon!
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Warning: This podcast may contain nuts, adult themes, and rude language.

