Re:Sam Bankman-Fried found guilty on all charges
by low_tech_love on Saturday November 04, 2023 @09:56AM
(#38141023)
It’s also that he was naive enough to put himself out there as a kind of figurehead of sorts of the crypto movement. So the others were probably like “ok if you insist…”
He was also surfing high on his messiah complex with a kind of 2020’s version of white man burden which the public was enamoured with.
Re:Sam Bankman-Fried found guilty on all charges
by Obscurity4340 on Sunday November 05, 2023 @07:58AM
(#38150749)
Can u comment more on this "white man's burden" that was prevalent in 2020 as you describe it?
Re:Sam Bankman-Fried found guilty on all charges
by low_tech_love on Sunday November 05, 2023 @04:38PM
(#38155917)
I meant 2020’s as a decade, and the concept is Effective Altruism, the idea that a bunch of geeks sitting in a gaming chair behind a computer screen know better what to do with charity money than the people actually doing it on the real world.
I don't think highly of Elon Musk but I have zero difficulty understanding why people would think he's a genius sort of guy and give him money. Even I have to admit he's been at the helm for some wild achievements. Also certainly a charismatic guy in some ways. Not going to have a shortage of money thrown at his next venture.
But SBF?
Again... what was anybody seeing in this guy? Must have just been "right place right time" when the crypto hype wave was cresting.