Binance founder 'CZ' leaves prison on Friday

His "fortune" is mostly ownership of Binance which is now under the thumb of the US government. If—as widely theorized—Binance's secret ingredient is crime then it's not going to be worth what it once was.

Re: Binance founder 'CZ' leaves prison on Friday

#7

Post by trollied » Fri, Sep 27, 2024, 3:42 PM UTC

optimalsolver wrote: post #4

Meanwhile, SBF is settling right into prison gang life: https://www.reddit.com/r/wallstreetbets/comments/1av88z5/fir... No tats visible in the pic, tho.

It was being reported that he is now sharing a space with Sean “Diddy” Combs.

Re: Binance founder 'CZ' leaves prison on Friday

#8

Post by hn_throwaway_99 » Fri, Sep 27, 2024, 3:44 PM UTC

Journalist: "What are you going to do next??"

CZ: "I'm buying Disney World!"

Re: Binance founder 'CZ' leaves prison on Friday

#9

Post by jsheard » Fri, Sep 27, 2024, 3:45 PM UTC

startupsfail wrote: post #5

Bitcoins are clearly negative sum game (resources used, GPUs burned, CO2 emitted, money changed hands). Wish we could do less of it.

At least the broader crypto ecosystem mostly moved over to proof-of-stake, even if Bitcoin will probably always be proof-of-work, so at least most of their Ponzi schemes aren't boiling the oceans in the process anymore. Small victories.

Re: Binance founder 'CZ' leaves prison on Friday

#10

Post by earnesti » Fri, Sep 27, 2024, 3:59 PM UTC

startupsfail wrote: post #5

Bitcoins are clearly negative sum game (resources used, GPUs burned, CO2 emitted, money changed hands). Wish we could do less of it.

Binance was not really about Bitcoin, it was more like a shitcoin casino and a money laundering machine.