About time. Ellison needs to go down with him. She's complicit as much as he is.
SBF Arrested by Bahamian Authorities
511–520 of 886 posts
Re: SBF Arrested by Bahamian Authorities
#512Earlier quoted context omitted.
The bank has your consent, and brokerages and exchanges are not banks.
No, they don't have my consent. I'm forced to use banks because the government won't protect me from criminals if I shove cash under my mattresses. The banks don't offer an "opt-out" option when you register. Real consent means you offer "yes" and "no" and the other party says yes. It's effectively forced upon me.
Just rent a deposit box at the bank and put your cash there. They won’t touch it. Just like having it under your mattress but probably safer from criminals.
Re: SBF Arrested by Bahamian Authorities
#513[deleted]
Re: SBF Arrested by Bahamian Authorities
#514Much sooner than I expected. Figured it'd be a couple of years before the AG was secure enough in their case to bring charges. This is MUCH faster than Madoff or Holmes. Then again, he's been much more out in the open about everything. He pretty much laid the prosecution's case out to the public for them.
[deleted]
Re: SBF Arrested by Bahamian Authorities
#515Earlier quoted context omitted.
I remember a lot of people strongly believed that SBF would never get in trouble because he was a Democratic donor, and that this was all part of some vast corruption scandal. It turns out not everything is a conspiracy.
"SBF was a major Dem donor, so no investigation" https://twitter.com/elonmusk/status/1591822387267665921
Since Trump is not back on Twitter, it looks like Musk is the new "there's a tweet for everything" guy.
Re: SBF Arrested by Bahamian Authorities
#516lets goooo
Re: SBF Arrested by Bahamian Authorities
#517Much sooner than I expected. Figured it'd be a couple of years before the AG was secure enough in their case to bring charges. This is MUCH faster than Madoff or Holmes. Then again, he's been much more out in the open about everything. He pretty much laid the prosecution's case out to the public for them.
It's clear Caroline Ellison has turned against him. Stephanie Avakian, former SEC enforcement chief, is representing her in NY. I'm guessing they wouldn't have been able to file charges this quickly without Caroline becoming a cooperating witness.
No post body was provided.
Re: SBF Arrested by Bahamian Authorities
#518Earlier quoted context omitted.
Okay. People have successfully avoided fraud, theft, and the tyrannical seizure of their assets by arbitrary decisions of arbitrary government officials. Billions of dollars worth of assets are stored on blockchains. Unless you have a mathematical argument against the properties of a blockchain, I will continue to believe the properties are true.
> Billions of dollars worth of assets are stored on blockchains. There is no mathematical proof that they will be worth billions of dollars tomorrow. I mean, I would wager if the original Satoshi wallets wake up and start selling Bitcoin this time tomorrow the total market cap can be counted in millions. Sure, maybe mathematically there will never be more than X tokens, but no one cares about that. Everyone at the en…
It’s a deflationary currency, which makes it a really bad fit for “fungible currency things”
Re: SBF Arrested by Bahamian Authorities
#519Earlier quoted context omitted.
She is also VERY well connected to the SEC. It wouldn't surprise me if they gave her a sweetheart deal.
I know her parents would have been colleagues of SEC Chair Gary Gensler when he was still at MIT, that's a large faculty though. Is there evidence that they were more than just colleagues though?
There isn't. Loony conspiracies need to be banned here.
Re: SBF Arrested by Bahamian Authorities
#520Earlier quoted context omitted.
You think the government won't take your Bitcoin?
Yes, I think the government absolutely will try and it's quite probable they will succeed. But why not offer human beings the _chance_ to flee tyranny with their livelihood? Consider jews fleeing Nazi Germany. Should they have been allowed to escape with their assets? Would the world be a better place had they been able to?
How about we create better systems for refugees to gain access to safety and citizenship instead of consigning them to a rickety shadow financial system? Are you putting this much energy into, say, opposing border walls and supporting marginalized communities?