Posted on 2023-11-02

Read Time: 1 minutes | 106 words

Convictions and Short Memories

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 

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