Re:Sam Bankman-Fried is a feature, not a bug
by kodapoda on Sunday November 05, 2023 @01:36PM
(#38154096)
I have a growing concern that by engaging in this argument we are making it more acceptable. It's not OK to steal from "rich people". It's not OK to blame everything on the 1%. Online platforms are filled with garbage about the 1%, and most posters are Americans, all of whom actually are in this 1% globally.
If you own a car and/or a home - are you rich? Is it acceptable to steal your $1K investment and spend it on pseudo-EA causes? An argument so ethically bankrupt, I can't believe people even type it on a public forum.
Re:Sam Bankman-Fried is a feature, not a bug
by simonebrunozzi on Sunday November 05, 2023 @03:08PM
(#38155108)
My point is not that it's ok to steal from the rich people.
My point is that I suspect that SBF stole mostly from non-rich people, which is also NOT ok.
Re:Sam Bankman-Fried is a feature, not a bug
by kodapoda on Sunday November 05, 2023 @04:46PM
(#38155977)
My frustration about engaging with this argument is in agreement with you—sorry if I wasn't clear. The parent commenter made it seem like FTX only defrauded some abstract rich people, which, according to them, would somehow make it more acceptable.
Are you sure? My gut says that he mostly damaged not-rich people. I don't know too much about the specific case, but I know enough about the general crypto space to have an opinion, although not sure how to provide data to support it. You don't provide data either, though.