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Once again, as usual, only negative things about crypto being talked about on HN, with only negative comments and nothing positive ever. Despite dang constantl
by TacticalCoder 4y ago
Once again, as usual, only negative things about crypto being talked about on HN, with only negative comments and nothing positive ever.
Despite dang constantly asking people to not boast.
Outside of the HN bubble, I see a lot of people into crypto who are all posting: "I told you so".
As simple as: "Your keys, your coins".
We're talking about Bloomberg, Sequoia Capital and oh so many others coming up with hit pieces up until a few days ago about how SBF was a "philantropic genius". The issue is not cryptocurrencies here. The issue is scammers and the financial world having, once again, turned a complete blind eye to people running scams.
Cryptocurrencies are just an excuse here.
Isn't the bigger story how, every single time scammers, be it people packaging synthetic CDOs and selling them to investors as AAA investments before the subprime crisis or the SBF of this world, there are big names lauding these products as creation from geniuses?
There were people calling out SBF as a fraud. A trader pointed out, more than a month ago, that the only picture of the CTO, called "Wang" (most common family name in the world: 65 million people have that family name), was a picture taken from behind.
That same person noticed that one of the person high up the chain in the SBF fraud was already linked to an only poker scandal where the poker site was defrauding users.
Meanwhile Bloomberg was lauding SBF as the biggest genius of our time.
Why isn't that the story?
Why isn't the story about Gary Gensler being accused by a congressman of working hand in hand with FTX/Alameda to allow FTX to acquire a monopoly on crypto exchange by regulatory capture? All the while a colleague of Gary Gensler is the father of Alameda's 28 years-old CEO.
Serious people: wake up.
I'm not the one making these accusations. A US congressman is accusing Gary Gensler, the very chair of the SEC, of allegedly working with (for?) SBF.
But, no, according to most of HN the culprits are... People who want something else than a currency of which the central banks can print trillions of at will?
We're talking about officials and politicians receving $40 millions in donation from a fraudsters and "respected" magazines presenting that fraudster as one of the biggest genius of our times.
That's the real story.
But, no, let's focus instead on the angle: "Cryptocurrencies are dead now".
I'm sure that the corrupt officials, politicians and the very dubious players who lauded SBF as a genius do love that angle.
- boppo1 4y ago>Gary Gensler being accused by a congressman Congressman is a republican. I don't like republicans, but I recognize their words are disregarded by non-overtly-rightwing media. Admittedly some Rs spew lots of bullshit so I get that, but it would be nice if serious reporters would look into serious claims like this. The Gary Gensler angle on this is very interesting and thus far everyone but 4chan tinfoilers has been mum about it.
- skinnymuch 4y agoIt’s not zero sum. Unlike the stolen money. Both crypto can be toxic af and the troubling issues you brought up can be issues. Or to put it another way — capitalism appears to be the major issue. Focusing on the other things and not capitalism or crypto is just as much of an issue.