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> I have so much disdain for win-at-all-costs entrepreneurs like this. It's a symptom of a much sicker culture, SBF is another one (SV/VC and Politically conn
by Melting_Harps 4y ago
> I have so much disdain for win-at-all-costs entrepreneurs like this.
It's a symptom of a much sicker culture, SBF is another one (SV/VC and Politically connected insider from an Ivy League) and the woman who ran Alamdea (Standford grad) that needs to be prosecuted to fullest extent of the Law: it will serve as a deterrent that 2008 couldn't or wouldn't. If the FBI moves forward the extradition then we can perhaps start to take this seriously, because as of right now the Bahamas has been the only one to do anything, as they just took FTX's tokens [0], but that is seriously the lowest hanging fruit because Japan is still holding people's BTC after nearly a decade and done exactly nothing to return them after MTGOX's failure.
The harsh reality is their is a multi-tier justice and legal system in the US, and to be honest it will be incredibly difficult to indict him on full charges; but if they do, then perhaps we can start taking the legal system serious.
But I agree, this kind of behaviour needs to be curtailed because it just emboldens them.
0: https://www.cnn.com/2022/11/18/investing/ftx-bahamas-seizure/index.html https://www.cnn.com/2022/11/18/investing/ftx-bahamas-seizure...