3 ms·
> I find the US political donation system a weird mix: is it bribery or a protection racket or both!? Definitely both, his text interview pretty much revealed
by Melting_Harps 4y ago
> I find the US political donation system a weird mix: is it bribery or a protection racket or both!?
Definitely both, his text interview pretty much revealed to what extent he was willing to go to open the right doors, once in them he realized he had to keep the grift going and donations/contributions are how things get done in order to 'be liked' and make a 'reputation.'
I want to re-iterate, this has nothing to do with Bitcoin (FTX never had any exposure to it), and more to do with how an insider with political, VC and SV connections who used alt cryptocurrencies (specifically his own) to do EXACTLY what crooks from wall street have done (Lehman, MF Global). This guy had backing from Sequoia to Blackrock, and sat down with tons of politicians on panels and was on the cover of tons of media and was about to do a panel will Janet Yellen and Zelensky this month!
Again, he is an insider who had a lucrative trading background and pivoted to go out on his own pretending to be a woke Effective Alturist to VCs in order to grift retail who were incredibly short-sighted with promises of infinite yield farming with alts. Seqoiua 'loved' and ave him $250million while he played video games during his pitch: please help me understand how ANYONE who has been a founder and has had to bootstrap how could anyone get away with this if he weren't a connected insider? It's like the most satirical version of Silicon Valley come to Life.
If Elizabeth Holmes went down perhaps the pressure will be on to get him back to the US and prosecute him for financial malfeasance, but it seems the Bahamas intends to financially ruin him before that happens. I fear his connected parents have already started to make phone calls and call in favours in order to get him a pardon or at the very least a very short sentence in a white collar crime prison.
In short, Bitcoiners get multiple life sentences in a SuperMax for running websites, and I envision an insider like SBF (and his gf a Stanford grad who is responsible for losing customer funds who is seemingly out of the picture) who ran a ponzi scheme funded by VC money will likely get a light sentence if anything at all.