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Right. In many of the "OMG What Happened to SBF?" articles this week, it's mentioned over and over that SBF ran afoul of many of his industry counterparts becau
by jjulius 4y ago
Right. In many of the "OMG What Happened to SBF?" articles this week, it's mentioned over and over that SBF ran afoul of many of his industry counterparts because he cozied up to Washington and pushed for regulation. I don't know how someone can feel comfortable handing their money over to anyone who essentially says, "I don't want there to be any rules around what I can do with this, and people who can punish me for abusing this need to stay away". That's INSANE to me.
I don't doubt that there are a few companies in the space that are trying to do some genuine good. But I'd wager that I can count them on one hand.
Edit: And if someone's going to say, "This industry has potential, don't cheer it's demise," then show me the potential. Show me the companies doing that good stuff, because we're not seeing it.