Ludwig Criticizes Logan Paul’s Defense of “Cryptozoo” Scam Allegations
Popular streamer Ludwig took a critical stance towards Logan Paul’s video in which he defended allegations that his crypto project “Cryptozoo” was a scam. Ludwig pointed out several flaws in Paul’s arguments, exposing the fallacies in his defense.
Ludwig’s Opinion on Cryptocurrencies
Prior to dissecting Paul’s video, Ludwig shared his belief that cryptocurrencies, in general, are pyramid scheme scams. He expressed this view in his 15-minute analysis on Mogul Mail, setting the stage for his breakdown of Paul’s defense.
Coffeezilla’s Investigation and Paul’s Response
Paul’s defensive video was his response to a series of videos by journalist Coffeezilla, who delved into the questionable background and history of the “Cryptozoo” project. Ludwig identified problematic aspects in Paul’s video while disregarding cryptocurrencies’ overall nature as scams.
Fallacies in Paul’s Defense
In Ludwig’s view, Paul exhibited the ad hominem fallacy in his defense, attempting to discredit Coffeezilla personally instead of addressing the arguments presented. Additionally, Paul employed the “cherry picking” fallacy by focusing on one individual who lost money, while Coffeezilla had interviewed several others who experienced financial loss.
Ludwig Describes Paul’s Tactics as “Wildly Disappointing”
Overall, Ludwig found Paul’s tactics in defending himself “wildly disappointing.” Ludwig emphasized that as the founder and majority shareholder of the project, Paul should take responsibility for the project’s failure and the actions of his team members.