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A comment on Sam Bankman-Fried sentenced to 25 years in prison. Parent comment

Re:Sam Bankman-Fried sentenced to 25 years in prison by nickff on Thursday March 28, 2024 @06:00PM (#39857883)
From what I’ve read, it’s not exactly clear that Madoff had a plan, it seems more like he lied to a few people about being able to make them a lot of money, and that snowballed into him taking a lot of “investments” that he didn’t know what to do with.

From what I’ve seen about SBF, it does seem like he has a very high risk tolerance, was betting big to win big, and thinking the reward was worth the risk.

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Re:Sam Bankman-Fried sentenced to 25 years in prison by rmbyrro on Thursday March 28, 2024 @08:23PM (#39859145)
Yea, ponzi schemes start by accident. It requires no planning
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Re:Sam Bankman-Fried sentenced to 25 years in prison by tim333 on Thursday March 28, 2024 @06:10PM (#39857962)
Funnily enough if SBF hadn't been found out the investments probably would have recovered enough to cover the deposits and he'd still be a hero.
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Re:Sam Bankman-Fried sentenced to 25 years in prison by Repulsion9513 on Thursday March 28, 2024 @06:41PM (#39858275)
Tether, Terra, Circle, crypto lending

Heck it's almost like this describes crypto itself

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Re:Sam Bankman-Fried sentenced to 25 years in prison by Breza on Friday March 29, 2024 @09:11AM (#39863677)
In the short term, sure, but SBF liked to make big risks and it seems inevitable that he would have been on the losing side of a bet that he'd made with money that was supposed to be safer than a treasury bond.
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