Sam Bankman-Fried found guilty on all charges

Re:Sam Bankman-Fried found guilty on all charges by simonw on Friday November 03, 2023 @12:57AM (#38124707)

You misspelt "excellent" there.

(Seriously, if you're going to claim that Molly White of all people did a bad job covering cryptocurrency you're going to need to bring receipts.)

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Re:Sam Bankman-Fried found guilty on all charges by kylebenzle on Friday November 03, 2023 @02:22AM (#38125184)

Of course. First, she calls the industry, "a grift". I've been in deeply into crypto since 2012 and dismissing peer-to-peer digital cash nothing but a "scam" in 2023 ignores a decade of progress and hard work, not to mention an actual working product used by thousands of people a year. Everyone actually using Bitcoin Cash, Ethereum and Monero know that 99.999% of what is out there is a scam for morons.

Main exhibit would be her editorializing (not reporting) of the industry with her site, https://web3isgoinggreat.com/. Here she posts only negative articles or opinions cherry picked for highlight issues with crypto. Every "hack", every rug-pull, every scam token. In my opinion its a HUGE waste of time and not useful or interesting.

The website she should have built for Web3isGoingGreat.com would be VERY simple, just a like to the home pages for Bitcoin White Paper, then the Monero and Bitcoin Cash home pages. Thats all anyone needs to know about crypto, the rest is a scam.

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Re:Sam Bankman-Fried found guilty on all charges by bmitc on Friday November 03, 2023 @02:39AM (#38125278)

> just a like to the home pages for Bitcoin White Paper, then the Monero and Bitcoin Cash home pages. Thats all anyone needs to know about crypto, the rest is a scam.

Doesn't that mean that you actually agree with her stance and reporting?

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Re:Sam Bankman-Fried found guilty on all charges by kylebenzle on Monday November 06, 2023 @12:28AM (#38159198)

She focuses 100% on the scams which are the least interesting part of the industry but gets the most attention.

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Re:Sam Bankman-Fried found guilty on all charges by simonw on Friday November 03, 2023 @02:37AM (#38125259)

If you think the rest is a scam, do you at least appreciate all of the articles she's written that help illustrate that point?

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Re:Sam Bankman-Fried found guilty on all charges by jefftk on Friday November 03, 2023 @02:33AM (#38125239)

> the rest is a scam

Etherium is a scam?

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Re:Sam Bankman-Fried found guilty on all charges by kylebenzle on Friday November 03, 2023 @12:56PM (#38131532)

It's an unlicensed security at the very least. But yes, it's closer to a scam than a a useful currency.

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Re:Sam Bankman-Fried found guilty on all charges by null0pointer on Friday November 03, 2023 @04:02AM (#38125786)

As someone who has been into crypto for a similar amount of time I can confirm that this analysis of the state of the crypto landscape is accurate.

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Re:Sam Bankman-Fried found guilty on all charges by sgammon on Friday November 03, 2023 @04:28AM (#38125945)

you're saying crypto is going great? on SBF's conviction news?

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Re:Sam Bankman-Fried found guilty on all charges by qeternity on Friday November 03, 2023 @04:58AM (#38126145)

> the rest is a scam.

Ok, and this is what she writes about.

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Re:Sam Bankman-Fried found guilty on all charges by cianmm on Friday November 03, 2023 @06:47AM (#38126811)

I feel that if you agree that "99.999% of what is out there is a scam for morons" then it's pretty tough to argue that the industry isn't a grift.

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Re:Sam Bankman-Fried found guilty on all charges by FireBeyond on Friday November 03, 2023 @07:16PM (#38136311)

He literally said this of Bitcoin yesterday:

> And still, 10 years in, a near perfect tract record, people are still unsure about Bitcoin. What's the issue exactly, people are just scared?

A near perfect track record? How?

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Re:Sam Bankman-Fried found guilty on all charges by kylebenzle on Monday November 06, 2023 @12:27AM (#38159191)

It might be too late for you to see this but "Bitcoin" is the project, BTC and BCH are two forks of the original project.

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Re:Sam Bankman-Fried found guilty on all charges by bambax on Friday November 03, 2023 @07:05AM (#38126954)

> I've been in deeply into crypto since 2012

I think one could have guessed that from your first comment ;-)

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Re:Sam Bankman-Fried found guilty on all charges by dontlaugh on Friday November 03, 2023 @07:53AM (#38127360)

Just because you also fell for it doesn't make her wrong.

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Re:Sam Bankman-Fried found guilty on all charges by kylebenzle on Friday November 03, 2023 @12:55PM (#38131510)

I've made more money in cryptocurrency than most people will make in a lifetime, I can guess you can call that getting scammed if you want.

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Re:Sam Bankman-Fried found guilty on all charges by gregopet on Saturday November 04, 2023 @12:34AM (#38138164)

SBF was probably saying the same thing not so long ago. Of course it's possible to make money with/during a scam, I don't think anybody is disputing that?

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Re:Sam Bankman-Fried found guilty on all charges by kylebenzle on Monday November 06, 2023 @12:29AM (#38159206)

SBF made all his money stealing from people and arbitrage, he really had nothing to do with cryptocurrency.

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Re:Sam Bankman-Fried found guilty on all charges by brazzy on Friday November 03, 2023 @11:43AM (#38130491)

Poe's law strikes again.

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