Re:Sam Bankman-Fried sentenced to 25 years in prison
by anon291 on Thursday March 28, 2024 @02:08PM
(#39855309)
I mean... At the end of the day everyone 'invested' their money here. The risks of high interest Bitcoin accounts were well known and elucidated by all reputable sources. If you lost money in this, I'm truly sorry, but realistically what did you expect. It wasn't even a bank (and remember if your bank loses money, no one's going to jail as long as they followed regulations).
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Re:Sam Bankman-Fried sentenced to 25 years in prison
by mnau on Thursday March 28, 2024 @06:25PM
(#39858131)
I haven't lost any money, I avoid crypto.
The difference is consent and malicious behavior.
When I invest into stock market, it can always go down.
When you move your customers money to save your other failing company, it's fraud. There is no consent and there is malicious behavior.
Crypto repeats all failings of old-fashioned banking system we have learned over 2 centuries, except it's "with blockchain" now.