News for hackers. Stuff that matters.

A comment on The United States of America vs. Samuel Bankman-Fried Indictment [pdf]. Parent comment

Re:The United States of America vs. Samuel Bankman-Fried Ind... by tananaev on Wednesday December 14, 2022 @12:02AM (#33980200)
A lot of it is probably stolen. A lot went into thousands of worthless altcoins and their devs got rich. Another big portion is probably advertising. They spent big on YouTube influencers. Basically a lot of people got rich and a lot more people got screwed.
[ Parent | on HN ]
Re:The United States of America vs. Samuel Bankman-Fried Ind... by heartbeats on Wednesday December 14, 2022 @02:01AM (#33980821)
Altcoin devs are not paid well; Bitcoin devs make entirely normal SWE salaries according to public information, and I can't imagine DogeCoin or whatever is any better. All the big money is in marketing, since that's what creates the value.
[ Parent | on HN ]
Re:The United States of America vs. Samuel Bankman-Fried Ind... by oblio on Wednesday December 14, 2022 @04:49AM (#33981680)
By devs he probably doesn't mean software devs, but coin creators.
[ Parent | on HN ]