6 ms·

Why did you trust them in the first place ?

danrocks 4y ago
How could he not trust them in the first place? C-level executives are on the record, before Congress, with the biggest and brightest politicians around, saying everything should be regulated, including themselves. They're actively projecting that they acknowledge the general sleaze surrounding the crypto industry and they are not a part of it. Hindsight is 20/20, but can you look at Binance, crypto.com, and other 'trusted' crypto exchanges now and say "how can you trust them"? SBF was hanging out with people who lent him their credibility and actively asking to be regulated - it doesn't get much better than that for the average person.
- braingenious 4y ago
  > How could he not trust them in the first place? Because they were running a crypto exchange, a sort of business that very frequently ends rapidly and in a way that is not good for regular users.
- deleted 4y ago
  [deleted]
- serf 4y ago
  >Hindsight is 20/20, but can you look at Binance, crypto.com, and other 'trusted' crypto exchanges now and say "how can you trust them"? after this history of crypto exchanges thus-far? absolutely.
  - danrocks 4y ago
    Well, when this particular exchange is operating legally in the US and its CEO is respected enough to have a sit at the table with Maxine Waters, the hardest-ass congressperson when it comes to the financial sector, it's much harder than some guy yelling about his exchange on TikTok or Instagram?
    - MarcelOlsz 4y ago
      She is the opposite of "hardest-ass" as she is sitting down with these robbers and they're all greasing each others palms. This shit doesn't magically happen.
    - braingenious 4y ago
      Considering the fact that we now know that Maxine Waters got bamboozled by a 20something crypto bro, has your opinion of her being a competent regulator of the finance industry changed at all? It’s fascinating when people think of politicians like sports teams and not public employees with a mandate of competence.
      - danrocks 4y ago
        I think you misunderstood what my point was. Maxine Waters now looks foolish of course but at the time the OP was investing with FTX one would be perfectly excused for believing SBF’s stories, given the lent credibility.
jazzyjackson 4y ago
I don't see an implication that this person is personally fucked by FTX/Alameda, just mad that fraudsters are rolling in dough (til they get caught anyway, as they say, high risk high reward)
- MarcelOlsz 4y ago
  Yes. Exactly. Every day I wake up and I have to hear about some next cunt I've never heard of before. "Richest before 30!". Some other trillionaire. Some other little kid son of ivy's who ran away with another billion. It's always some fucking scam. Every fucking day. What is the point anymore? I'm a regular cunt who wants to do regular cunt things but I have to wake up to news that Google is planning a 30B "tech park" local to me. Just kill me please.
  - neilv 4y ago
    That one word doesn't translate well across countries. And in the US will come across as misogyny, which will affect how people interpret everything else you said.
    - baeaz 4y ago
      That's not a problem as long as people exist outside the US.
      - neilv 4y ago
        "Two peoples, divided by a common language."
  - owlglass 4y ago
    While watching these people use their privilege to steal so much money is frustrating, I don't see how some Ivey League twenty-something's wrongdoing prevents you from doing regular things.
    - malandrew 4y ago
MarcelOlsz 4y ago
I never trusted any of these cunts. I didn't give them my money because I'm not a fucking idiot. How dare you try to assume I wrote my post out of personal anger. How dare you victim blame me in the face of a robber barons. You are an awful person.
- Nicksil 4y ago
  >I never trusted any of these cunts. I didn't give them my money because I'm not a fucking idiot. How dare you try to assume I wrote my post out of personal anger. How dare you victim blame me in the face of a robber barons. You are an awful person. You're trying way too hard.

How could he not trust them in the first place? C-level executives are on the record, before Congress, with the biggest and brightest politicians around, saying everything should be regulated, including themselves. They're actively projecting that they acknowledge the general sleaze surrounding the crypto industry and they are not a part of it. Hindsight is 20/20, but can you look at Binance, crypto.com, and other 'trusted' crypto exchanges now and say "how can you trust them"? SBF was hanging out with people who lent him their credibility and actively asking to be regulated - it doesn't get much better than that for the average person.

braingenious 4y ago
> How could he not trust them in the first place? Because they were running a crypto exchange, a sort of business that very frequently ends rapidly and in a way that is not good for regular users.
deleted 4y ago
[deleted]
serf 4y ago
>Hindsight is 20/20, but can you look at Binance, crypto.com, and other 'trusted' crypto exchanges now and say "how can you trust them"? after this history of crypto exchanges thus-far? absolutely.
- danrocks 4y ago
  Well, when this particular exchange is operating legally in the US and its CEO is respected enough to have a sit at the table with Maxine Waters, the hardest-ass congressperson when it comes to the financial sector, it's much harder than some guy yelling about his exchange on TikTok or Instagram?
  - MarcelOlsz 4y ago
    She is the opposite of "hardest-ass" as she is sitting down with these robbers and they're all greasing each others palms. This shit doesn't magically happen.
  - braingenious 4y ago
    Considering the fact that we now know that Maxine Waters got bamboozled by a 20something crypto bro, has your opinion of her being a competent regulator of the finance industry changed at all? It’s fascinating when people think of politicians like sports teams and not public employees with a mandate of competence.
    - danrocks 4y ago
      I think you misunderstood what my point was. Maxine Waters now looks foolish of course but at the time the OP was investing with FTX one would be perfectly excused for believing SBF’s stories, given the lent credibility.

jazzyjackson 4y ago

I don't see an implication that this person is personally fucked by FTX/Alameda, just mad that fraudsters are rolling in dough (til they get caught anyway, as they say, high risk high reward)

MarcelOlsz 4y ago
Yes. Exactly. Every day I wake up and I have to hear about some next cunt I've never heard of before. "Richest before 30!". Some other trillionaire. Some other little kid son of ivy's who ran away with another billion. It's always some fucking scam. Every fucking day. What is the point anymore? I'm a regular cunt who wants to do regular cunt things but I have to wake up to news that Google is planning a 30B "tech park" local to me. Just kill me please.
- neilv 4y ago
  That one word doesn't translate well across countries. And in the US will come across as misogyny, which will affect how people interpret everything else you said.
  - baeaz 4y ago
    That's not a problem as long as people exist outside the US.
    - neilv 4y ago
      "Two peoples, divided by a common language."
- owlglass 4y ago
  While watching these people use their privilege to steal so much money is frustrating, I don't see how some Ivey League twenty-something's wrongdoing prevents you from doing regular things.
  - malandrew 4y ago

MarcelOlsz 4y ago

I never trusted any of these cunts. I didn't give them my money because I'm not a fucking idiot. How dare you try to assume I wrote my post out of personal anger. How dare you victim blame me in the face of a robber barons. You are an awful person.

Nicksil 4y ago
>I never trusted any of these cunts. I didn't give them my money because I'm not a fucking idiot. How dare you try to assume I wrote my post out of personal anger. How dare you victim blame me in the face of a robber barons. You are an awful person. You're trying way too hard.