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A comment on Two Executives in Sam Bankman-Fried’s Crypto Empire Plead Guilty to Fraud. Parent comment

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by HN_is_for_gemes on Wednesday December 21, 2022 @10:47PM (#34089551)
Exactly, crypto was only peripherally related to the legacy financial fraud. But everyone, including this site, wants you to think this was a, "crypto bro's" scam, SBF was NOT a crypto bro, he was a rich kid.
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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by maxbond on Wednesday December 21, 2022 @10:55PM (#34089603)
What disqualifies him as being cryptobro?
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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by MacsHeadroom on Wednesday December 21, 2022 @11:04PM (#34089652)
Many things.

But for one, he lobbied for a future where individuals would no longer legally be able to use blockchains directly or build businesses on them (aside from pure direct person-to-person payments).

Doesn't get much less "cryptobro" than lobbying against people being able to use blockchains.

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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by SV_BubbleTime on Wednesday December 21, 2022 @11:46PM (#34089921)
I think he said a lot of things; and did the complete opposite. Why would any one statement carry any weight at all?
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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by whatshisface on Wednesday December 21, 2022 @11:57PM (#34089984)
Well, since crypto bros actually believe their statements about NFTs etcetera, that's another way of agreeing with the thesis.
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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by bmitc on Thursday December 22, 2022 @03:17AM (#34091033)
It was traditional, centralized finance that kept this from spreading. But because it's crypto, they had effectively no auditing or reporting requirements. And part of the central grift was their FTT token.

Crypto was a major factor in this scam and others. True decentralized crypto will never be integrated into society. Crypto fundamentalists can't get past these things.

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