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And the customers who signed up for FTX did so because the girlfriend of the owner is an top econ professor? And you think SBF will escape accountability due t

And the customers who signed up for FTX did so because the girlfriend of the owner is an top econ professor? And you think SBF will escape accountability due to his connections? He won't If you think those connections helped him get VC funding, I can assure you they help a lot of people and most do not become multi billion dollar frauds. The fact that he is an upper class white guy is the important part, the rest is you just reading way too much into this.

chc 4y ago
They were pointing out markers of being an upper-class white guy, so it's strange that you present that as an alternative rather than agreement.
- caminante 4y ago
  With a little racism sprinkled in by dismissing every other contributing factor. > The fact that he is an upper class white guy is the important part
- peter422 4y ago
  They were clearly implying that his girlfriend father's being an economics professor was somehow a critical part of perpetuating the scam. The people who were scammed were crypto investors who chose to put their money in an unregulated international exchange. Also many many other exchanges have also fallen apart and their parents weren't economics professors. Give SBF the due credit and blame for what he created.
  - hnfong 4y ago
    The connection is more direct than you might think. They got millions of VC money to spend on advertising. The advertisement campaign influenced people to put money in an unregulated exchange. The fact that mainstream VCs were putting money into this thing also served somewhat as a signal that this might be legit. The original (root level) comment actually said "surely they should be questioning the system? In particular the VC's". Did the VCs look at the bios of the founders and CEOs? I can't imagine they weren't at least slightly influenced by this. In the crypto world where a major risk would be regulation by the SEC, I can't imagine having the CEO's dad having a relevant political connection wouldn't be a substantial factor for consideration.
caminante 4y ago
> And the customers who signed up for FTX did so because the girlfriend of the owner is an top econ professor? Now, we're switching topics. I'm sure it came up when they were raising capital. I'd want bios of the management team (and their pedigree) if I'm investing. If the CEO's daddy is the head of the top economics program in the world, I would view that as a positive.

chc 4y ago

They were pointing out markers of being an upper-class white guy, so it's strange that you present that as an alternative rather than agreement.

caminante 4y ago
With a little racism sprinkled in by dismissing every other contributing factor. > The fact that he is an upper class white guy is the important part
peter422 4y ago
They were clearly implying that his girlfriend father's being an economics professor was somehow a critical part of perpetuating the scam. The people who were scammed were crypto investors who chose to put their money in an unregulated international exchange. Also many many other exchanges have also fallen apart and their parents weren't economics professors. Give SBF the due credit and blame for what he created.
- hnfong 4y ago
  The connection is more direct than you might think. They got millions of VC money to spend on advertising. The advertisement campaign influenced people to put money in an unregulated exchange. The fact that mainstream VCs were putting money into this thing also served somewhat as a signal that this might be legit. The original (root level) comment actually said "surely they should be questioning the system? In particular the VC's". Did the VCs look at the bios of the founders and CEOs? I can't imagine they weren't at least slightly influenced by this. In the crypto world where a major risk would be regulation by the SEC, I can't imagine having the CEO's dad having a relevant political connection wouldn't be a substantial factor for consideration.

caminante 4y ago

> And the customers who signed up for FTX did so because the girlfriend of the owner is an top econ professor? Now, we're switching topics. I'm sure it came up when they were raising capital. I'd want bios of the management team (and their pedigree) if I'm investing. If the CEO's daddy is the head of the top economics program in the world, I would view that as a positive.