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Justin Sun and Do Kwon are [edit for clarity: among] the worst of the space, so IMO, this represents a crackdown on scammers not on the ecosystem. Everyone sho

Justin Sun and Do Kwon are [edit for clarity: among] the worst of the space, so IMO, this represents a crackdown on scammers not on the ecosystem. Everyone should like this, even me :)

wslh 4y ago
As someone working in the space since 2014, there is a much longer list. DYOR.
- arcticbull 4y ago
  lol, trust me, I've been following very closely too since about 2017. I think these folks are S tier. Not that there's not a ton more. It's hard to point to someone who did more damage to the space than Kwon in terms of sheer notional value and confidence destruction. I mostly follow this space for the drama and crime so I'm pretty up to date on the, er, personalities involved.
  - soulofmischief 4y ago
    It's great you've taken an interest, but crypto has been around for much longer than 2017 and the lunacy traces back way further.
    - arcticbull 4y ago
      Of course, I've dug through the history. There's some really good stuff in the early days, the pirateat40 / Trendon Shavers scam is a classic. I wasn't there for it, of course, before my time. Learning about the history of the space is super fun though, especially when it has the collective memory of a goldfish :)
      - JumpCrisscross 4y ago
        > especially when it has the collective memory of a goldfish Any book or podcast recommendations for a long-view historical surmisement?
        arcticbull 4y ago
        There's always Attack of the 50 Foot Blockchain :)
  - wslh 4y ago
    Based on public information only, SBF could be perfectly added to your tier.
- onlyrealcuzzo 4y ago
  Probably starting with everyone involved in Tether and BitFinex...
polygamous_bat 4y ago
> Justin Sun and Do Kwon are the worst of the space... Among the worst, I would say; the other three top spots go to Sam Bankman Fried of FTX, Changpeng Zhao of Binance, and whatever specter is running Tether.
- whimsicalism 4y ago
  e: misremembered details
  - fastball 4y ago
    I thought Tether was associated with Bitfinex, not Binance.
    - whimsicalism 4y ago
      absolutely, mental slip up
- fdasiljvalkj 4y ago
  I get SBF, that's easy. And Tether. But why is Changpeng Zhao a bad actor? Legitimate question, not trying to be a crypto apolegist)
  - arcticbull 4y ago
    Start with the Tai Chi documents. [1] They've been kicked out of half the major jurisdictions in the world. [1] https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/leaked-tai-chi-document-reveals-binances-elaborate-scheme-to-evade-bitcoin-regulators https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/l...
- paulpauper 4y ago
  Michael Saylor , Cathie Wood, Balaji, and Chamath, should also be included. The people with huge platforms who promote crypto are as culpable as the exchanges that sell it.
web3-is-a-scam 4y ago
Coinbase, a publically traded exchange, was also served a Wells Notice. This is a crackdown on the system. I would put money that as soon as they can figure out where the hell CZ is, that Binance is next in line.

Justin Sun and Do Kwon are [edit for clarity: among] the worst of the space, so IMO, this represents a crackdown on scammers not on the ecosystem. Everyone should like this, even me :)

wslh 4y ago

As someone working in the space since 2014, there is a much longer list. DYOR.

arcticbull 4y ago
lol, trust me, I've been following very closely too since about 2017. I think these folks are S tier. Not that there's not a ton more. It's hard to point to someone who did more damage to the space than Kwon in terms of sheer notional value and confidence destruction. I mostly follow this space for the drama and crime so I'm pretty up to date on the, er, personalities involved.
- soulofmischief 4y ago
  It's great you've taken an interest, but crypto has been around for much longer than 2017 and the lunacy traces back way further.
  - arcticbull 4y ago
    Of course, I've dug through the history. There's some really good stuff in the early days, the pirateat40 / Trendon Shavers scam is a classic. I wasn't there for it, of course, before my time. Learning about the history of the space is super fun though, especially when it has the collective memory of a goldfish :)
    - JumpCrisscross 4y ago
      > especially when it has the collective memory of a goldfish Any book or podcast recommendations for a long-view historical surmisement?
      - arcticbull 4y ago
        There's always Attack of the 50 Foot Blockchain :)
- wslh 4y ago
  Based on public information only, SBF could be perfectly added to your tier.
onlyrealcuzzo 4y ago
Probably starting with everyone involved in Tether and BitFinex...

polygamous_bat 4y ago

> Justin Sun and Do Kwon are the worst of the space... Among the worst, I would say; the other three top spots go to Sam Bankman Fried of FTX, Changpeng Zhao of Binance, and whatever specter is running Tether.

whimsicalism 4y ago
e: misremembered details
- fastball 4y ago
  I thought Tether was associated with Bitfinex, not Binance.
  - whimsicalism 4y ago
    absolutely, mental slip up
fdasiljvalkj 4y ago
I get SBF, that's easy. And Tether. But why is Changpeng Zhao a bad actor? Legitimate question, not trying to be a crypto apolegist)
- arcticbull 4y ago
  Start with the Tai Chi documents. [1] They've been kicked out of half the major jurisdictions in the world. [1] https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/leaked-tai-chi-document-reveals-binances-elaborate-scheme-to-evade-bitcoin-regulators https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/l...
paulpauper 4y ago
Michael Saylor , Cathie Wood, Balaji, and Chamath, should also be included. The people with huge platforms who promote crypto are as culpable as the exchanges that sell it.

web3-is-a-scam 4y ago

Coinbase, a publically traded exchange, was also served a Wells Notice. This is a crackdown on the system. I would put money that as soon as they can figure out where the hell CZ is, that Binance is next in line.