Because “believing in crypto” (for most people) doesn’t just mean believing that the math works. It means believing that we can build a sociopolitical ecosystem

Because “believing in crypto” (for most people) doesn’t just mean believing that the math works. It means believing that we can build a sociopolitical ecosystem that allows crypto to be a useful part of our lives in the future. To many, SBF seemed like an important visionary working to make that future happen. The fact that he turned out to be YET ANOTHER scumbag scam artist, fraudulently trading customer deposits like all the rest, will incinerate any goodwill the crypto community was starting to build in the eyes of regulators, politicians and the non-tech-world at large.