Sam Bankman-Fried was convicted today. He was the poster child of the crypto-frauds. I am only sorry that more won’t be held to the same account.
The core reality is that his conviction is a drop in the bucket. It does nothing to help the people suckered by his get-rich quick schemes. It does nothing to curb the ongoing garbage spewing from the self-appointed geniuses running everything into the ground in order to prop themselves up.
We don’t get to pat ourselves on the back here. This was not a victory. SBF was an easy sacrifice. The core problems that led to his rise still remain.
Author: Geoffrey Gimse
Tags:
#bitcoin
#ftx
#society
#internet_culture
© Geoffrey Gimse (2023) - Built using Hugo.
Opinions expressed here are my own and are not neccessarily shared by employers, friends, or colleagues. Except where noted, all photos are my own. Other images used on this site are in the Public Domain or have been purchased for use via The Noun Project."