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> Reporters just ran puff pieces. But they didn't defraud anybody. And they running puff pieces after the scam was uncovered. And they're trying, after having
by TacticalCoder 4y ago
> Reporters just ran puff pieces. But they didn't defraud anybody.
And they running puff pieces after the scam was uncovered. And they're trying, after having presented SBF as a genius, to now make believe people that it's only leveraged trades (to the tune of tens of billions of dollars) with customers fraud gone wrong.
Why is anyone still reading the garbage coming out of these papers that aren't even suitable as toilet paper is beyond me.
Meanwhile there are people out there who exposed the Alameda Research ponzi before FTX was even created. It was the same ponzi as the Bitconnect ponzi: say you notice crazy arbitrage [1] and promise insane returns "guaranteed zero risks".
Insane returns promises have a name: scam. Giving the insane returns to the early investors while keeping the scam going as another name: ponzi.
And this was all explained years before the ponzi was exposed.
And in addition to that US congressmen and senators are accusing SBF and ex-officials and officials to be working hand in hand to allow FTX regulatory capture of the crypto exchange market...
And you dare tell us that the journalists trying to sell the "leverage trades with customers money gone wrong" are still... Journalists engaged in run-of-the-mil journalism?
Despite all the donation SBF made to these publication?
Please.
I mean: the only other explanation is that these journalists are so incompetent they shouldn't be allowed anywhere near a keyboard. They should be flipping burgers and even then I wouldn't want to eat the poison they'd be serving.
- WalterBright 4y agoThe thing to remember about journalists is that they have a degree in journalism. Not math. Not science. Not engineering. Not politics. Not economics. Not medicine. Not agriculture. Not history. And certainly not statistics. But they pontificate as if they are in possession of revealed truth. What they wrote about the 737MAX is a stellar example of such ignorance. The only correct sources of information about it came from Aviation Week or official NTSB reports. The rest was all garbage.
- MisterBastahrd 4y agoEverything you said about journalists, you can say about product designers or software developers. Yet products continue to be designed and software continues to be written. It's almost as if learning doesn't end at the terminal endpoint of a college education.
- WalterBright 4y ago> Everything you said about journalists, you can say about product designers or software developers. True enough when they pontificate about other fields, but I expect product designers to develop good products, and software developers to develop good software.
- MisterBastahrd 4y agoVirtually nobody with a career in product design goes to school for a degree in it, and most software developers are computer science grads, which has almost nothing to do with actual software development.
- deleted 4y ago[deleted]