51–60 of 61 posts
The problem is that everyone is always saying that everything is fraud. How do you know who to believe?
Earlier quoted context omitted.
Crypto is nothing special in this respect.. These red flags you speak are not an issue with crypto, they are an issue with people. Humans have been looking for ways to screw each other over since the dawn of time. If you mint some brass coins and say they are gold, that just makes you a loar. It doesn't mean there's anything wrong with gold.
Is there another industry that has had such consistent fraud, scams, failed companies, stolen money, etc. over a period of several years?
Earlier quoted context omitted.
Crypto is nothing special in this respect.. These red flags you speak are not an issue with crypto, they are an issue with people. Humans have been looking for ways to screw each other over since the dawn of time. If you mint some brass coins and say they are gold, that just makes you a loar. It doesn't mean there's anything wrong with gold.
Is there another industry that has had such consistent fraud, scams, failed companies, stolen money, etc. over a period of several years?
Not trying to defend SBF or FTX but honestly wasn't that impressed with this critic either. His criticism seems to break down to: 1) Look at him, he's ugly 2) He doesn't have the proper lineage of insider mentors to be allowed to be a billionaire 3) We don't have the full story on the original arbitrage mixed in with some political pandering 4) The compliance officer was sketchy 4 seems to be the only valid point. 3…
Those were not his primary complaints. Yes, he took some shots at his appearance, but let’s be honest. The financial and VC world has a stick up it’s butt, but this nobody (Sam Bankman-Fried) shows up to interviews and meetings in a three day old t-shirt and shorts and can’t keep his leg still and talks like he’s been up for 24 hours straight on Red Bull. It’s strange. Why does that work for him, who has nothing to e…
Ok, sure, when he's ready to present that let's discuss it. Until then it's nothing. But what's the point of doing an interview and saying "I've got good info but I'm not going to share it until later"
Not trying to defend SBF or FTX but honestly wasn't that impressed with this critic either. His criticism seems to break down to: 1) Look at him, he's ugly 2) He doesn't have the proper lineage of insider mentors to be allowed to be a billionaire 3) We don't have the full story on the original arbitrage mixed in with some political pandering 4) The compliance officer was sketchy 4 seems to be the only valid point. 3…
Marc Identified several indicia of fraud: 1) He acknowledged SBF and the CTO, Gary Wang, are worth billions, however the money materialized out of nowhere. This is highly irregular and a potential indicator of a scam on the backs of retail investors. 2) He noted the chief regulatory officer of FTX, Dan Friedberg, was the general counsel for a poker site that defrauded its players. A big red flag for anyone thinking o…
He simply said he doesn't know where it came from. That doesn't mean it didn't come from anywhere. If he'd actually taken the time to flesh any of this out then it could have been useful but as it stands, it wasn't
Not trying to defend SBF or FTX but honestly wasn't that impressed with this critic either. His criticism seems to break down to: 1) Look at him, he's ugly 2) He doesn't have the proper lineage of insider mentors to be allowed to be a billionaire 3) We don't have the full story on the original arbitrage mixed in with some political pandering 4) The compliance officer was sketchy 4 seems to be the only valid point. 3…
The problem is that everyone is always saying that everything is fraud. How do you know who to believe?
Easy heuristic: every billionaire in crypto except Satoshi is a fraudster. Maybe it's overfitted maybe not but historically you'd be correct 100% of the time.
Not trying to defend SBF or FTX but honestly wasn't that impressed with this critic either. His criticism seems to break down to: 1) Look at him, he's ugly 2) He doesn't have the proper lineage of insider mentors to be allowed to be a billionaire 3) We don't have the full story on the original arbitrage mixed in with some political pandering 4) The compliance officer was sketchy 4 seems to be the only valid point. 3…
Ok, what about the observation that FTX’s regulatory relations person was guilty of orchestrating and covering up a notorious online poker cheating scandal? There are recordings of him doing this btw. And that he further lied about this history and left it out of his LinkedIn. That alone is enough of a red flag to make you run in the other direction.
Earlier quoted context omitted.
Yep Epstein and him have CIA written all over them.
Epstein was likely "shared" by multiple intelligence agencies, but all indications are of Mossad running that particular network primarily. See Whitney Webb's great new book(s), One Nation Under Blackmail . (vol 1 and 2) It is likely Epstein was just a front man and Ghislane Maxwell was actually his handler. Now look at who her dad was. Who she grew up with also. Her sisters are one of the hidden threads those on HN…
Also, a bit of advice, finding conspiracy everywhere, weakens your arguments for potentially true conspiracy theories. It could be that your thoughts presented in this comment are completely accurate. However, then accusing the staff of HackerNews of sabotaging and covering up this small, barely-news story makes you look like you see boogeymen everywhere. It removes credence from your more important thoughts.
Earlier quoted context omitted.
Those were not his primary complaints. Yes, he took some shots at his appearance, but let’s be honest. The financial and VC world has a stick up it’s butt, but this nobody (Sam Bankman-Fried) shows up to interviews and meetings in a three day old t-shirt and shorts and can’t keep his leg still and talks like he’s been up for 24 hours straight on Red Bull. It’s strange. Why does that work for him, who has nothing to e…
> only “3%” of what he has Ok, sure, when he's ready to present that let's discuss it. Until then it's nothing. But what's the point of doing an interview and saying "I've got good info but I'm not going to share it until later"
I think one searches for darker answers because the likely answer, that everyone was duped by these people in normal ways and there’s not some deeper connection, is a far more disturbing prospect.