Re:Sam Bankman-Fried sentenced to 25 years in prison
by wredcoll on Thursday March 28, 2024 @10:14PM
(#39859874)
> What it sounds like you're saying is that Average Joe should really understand that crypto implicitly carries a risk of fraud and you are likely to lose your money
That is what a lot of people have been saying for a very long time now!
I don't mean this in a way to blame the victims of the crypto fraudsters, merely to explain the somewhat exasperated responses by people who feel like they've been trying to warn people who have been ignoring them.
> I'm starting to think that these organizations need to be regulated as banks, stat.
I mean, why do you think they don't want to be regulated and brag that they aren't? To make you more money?
That is what a lot of people have been saying for a very long time now!
I don't mean this in a way to blame the victims of the crypto fraudsters, merely to explain the somewhat exasperated responses by people who feel like they've been trying to warn people who have been ignoring them.
> I'm starting to think that these organizations need to be regulated as banks, stat.
I mean, why do you think they don't want to be regulated and brag that they aren't? To make you more money?