The United States of America vs. Samuel Bankman-Fried Indictment [pdf]

Post by themitigating » Wed, Dec 14, 2022, 1:41 PM UTC

chezelenkoooo wrote: post #625

HWR_14 wrote: post #615

Earlier quoted context omitted.

Of the people stolen from, Tom Brady losing a day filming commercials is pretty low on the list of things I care about. Like he got paid $X for his endorsement. I would prefer that money go to the people whose life savings were stolen.

Is it really Tom Brady's responsibility to vet each and every one of his commercial offers? That seems unsustainable. He would have needed some pretty intimate knowledge of the crypto world along with the inner workings of FTX to know that it was a fraud. To me it seems like placing too much responsibility on people who shouldn't bear that responsibility.

Post by b800h » Wed, Dec 14, 2022, 1:51 PM UTC

anonporridge wrote: post #574

b800h wrote: post #569

Earlier quoted context omitted.

The futurology trackers have "breakdown of intergenerational solidarity" as a possibility with no given time frame. It really didn't occur to me how implicated the nation state is in this until you pointed out the fact (in retrospect, glaringly obvious) that this function of family life has been subverted by government.

Do you mind dropping a link to what you're referencing? I haven't heard of it. But yeah, I do see it as a potential systemic problem. Because the care for the old has become so massively socialized, we also find ourselves in a situation where it becomes individually advantageous to not do the personal sacrifice of having and raising children. Not only is having children a huge financial burden, but it's also a huge t…

Post by selfmodruntime » Wed, Dec 14, 2022, 2:14 PM UTC

HPMOR wrote: post #529

trident5000 wrote: post #418

Earlier quoted context omitted.

Best years? More like all the years.

He should not go to prison for life. Nobody should ever go to prison for life, for wasting money. Money is literally made up. Sure, opportunity cost is real, but seriously nobody should ever lose their life for money.

Post by kkielhofner » Wed, Dec 14, 2022, 2:25 PM UTC

mthoms wrote: post #685

kkielhofner wrote: post #671

Earlier quoted context omitted.

I don't pretend to fully understand markets but movement on BTC, etc with all of these developments is just further proof to me there is no connection between any of these coins and reality. As another example, when Ethereum successfully moved to proof of stake without a hitch (an ultimately impressive and challenging development) the price actually went down. I don't understand anything in this space.

Lots of events are already "priced in" before they happen. That is, investors have anticipated the upcoming event (eg Ethereum upgrade) and the stock/token price has already moved accordingly. https://obliviousinvestor.com/what-does-it-mean-for-somethin...

Post by mensetmanusman » Wed, Dec 14, 2022, 2:45 PM UTC

factsarelolz wrote: post #537

nlh wrote: post #499

Earlier quoted context omitted.

It's infuriating for sure, but unfortunately it's the reality. If you gained from a Ponzi scheme that means you literally were given other peoples' money (directly). I fully empathize with the absolutely epic degree it must SUCK to get a call and be told "yeah that 10% you've been earning for the past 20 years was actually someone else's money, you need to give it back."

Assuming you cashed out, wouldn't it be something like "that 10% you earned 10 years ago" because if you never cashed out then you're not liable. My reply would be along the lines of: "Sorry lost it all in MtGox/FTX/Crypto/Vegas/Horses"