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What if it wasn't a scam? What if he had actually innovated some way to monetize crypto? Wouldn't that be impressive; the next Gates or Jobs or the like? He cer
by hotpotamus 4y ago
What if it wasn't a scam? What if he had actually innovated some way to monetize crypto? Wouldn't that be impressive; the next Gates or Jobs or the like? He certainly seemed aware of how to press those buttons. Perhaps the NYTimes was as caught up in crypto nonsense as anyone else; they saw it as technological magic that they didn't understand, but identified Bankman-Fried as a wizard who did understand that magic and had harnessed it.
- Dig1t 4y ago>Perhaps the NYTimes was as caught up in crypto nonsense as anyone else The article about his was written AFTER he lost all his investors' money (a few days ago). The prestigious conference where he is speaking is happening in 13 days from now. Everyone knows this guy was a grifter, he created and ran an exchange from the Bahamas, he didn't invent the iPhone of crypto or something. I see 0 evidence of any Steve Jobs level innovation.
- hotpotamus 4y agoIf everyone knows he was a grifter, then why did people give him money?
- ceejayoz 4y agoPeople put money in PonziCoin. https://news.ycombinator.com/item?id=16225383 https://news.ycombinator.com/item?id=16225383 Everyone knows he's a grifter now. Some probably suspected earlier. Some of those probably invested anyways on the idea that they could get out before the collapse.
- hnaccy 4y agothey're talking about now not before FTX collapsed nobody is giving him money these days
- themihai 4y agoThe "investors" didn't invest in technological magic. They just wanted to double their coins. Just ask any crypto investor what was supposed to be the end product out of his investment. Lotteries are a tax on stupidity and the whole crypto mania is just a big lottery run by various individuals!