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Neither, this mess is going to take time to figure out, especially in the hopelessly-regulated world of cryptocurrency finance. It's a hard mess to unpick and
by vr46 4y ago
Neither, this mess is going to take time to figure out, especially in the hopelessly-regulated world of cryptocurrency finance.
It's a hard mess to unpick and understand, HN-ites are struggling with it too.
Spam Fried should really be keeping his mouth shut, but he can't help himself with his "I know best" attitude. He's the best gift a prosecutor can have, let him carry on until he's in jail.
- SQueeeeeL 4y agoHN-esque sites aren't "struggling", in pretty much every comments section there is someone pointing out the complete horseshit crypto is and the fundamental lack of stability in the market. The only reason we see other comments is because the uninformed or those with a stake in the market astroturf every comment section with noise, but the truth has always been present here and unresolvable without appealing towards idealism and emotion
- notch656a 4y agoBuying and selling horseshit, generally, is not a crime. Taking a deposit for the purchase of overpriced horse-shit, and then instead betting on the value of another pile of horse shit, while telling depositors you won't do that is the most immediate crime I foresee SBF having to answer to.
- vr46 4y agoFair comment, I just can't believe how many other tech people I know have been "investing" in this. Although, "greed ain't going anywhere" observed Joe Strummer.
- prirun 4y agoI think he's running his mouth to pretend "I was clueless and it was all just a mistake", ie, incompetence vs fraud. "See! I'm so dumb and clueless I keep shooting my mouth off when I shouldn't be saying anything! I'm a dumbass!" I think he'll have a hard time convincing anyone of that considering his BS in Physics, minor in Math from MIT and working 4 years at Jane Street as a International ETF trader.