Knowledge Base Discussion about brock pierce scandal

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The so called Brock Pierce scandal was mentioned by comedian John Oliver in an episode of Last Week Tonight. Oliver did a full 25 minute segment on cryptocurrencies which, for a few days, generated a lot of buzz. Oliver mocked and dismissed cryptocurrencies as nothing but scandal-ridden gimmicks with no value. In the video, he told his viewers to search for Brock Pierce scandal.

Brock Pierce was a child actor who later went into the videogame business, specifically into the virtual assets niche - items that could be bought and sold inside videogames. This naturally led into cryptocurrencies.

In 2014, Pierce was elected to manage the Bitcoin Foundation, a tenure marked by mismanagement allegations. One year later the organization went bankrupt.

It is estimated that Brock Pierce owned between 700 million and 1 billion U$ in cryptocurrency as of early 2018.

Based on Cryptocurrency Knowledge Base Topic brock pierce scandal
 

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