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For sure. Crypto people hate Sam. A lot of crypto people knew he was unscrupulous and opposed him before FTX blew up. There were a lot of signs he was a bad pe
by spir 3y ago
For sure. Crypto people hate Sam.
A lot of crypto people knew he was unscrupulous and opposed him before FTX blew up. There were a lot of signs he was a bad person and the effective altruism thing was B.S.
But, pretty much nobody in crypto expected him to be the wholesale incompetent fraud he ended up being. We thought he was a bad guy, not a blood-chillingly evil moron.
It's nice to see the NYT shift to offer some reasonable coverage on Sam. One of the NYT reporters, David Yaffe-Bellany, is a good friend of Sam, spoke with him regularly even after he was apprehended, and routinely provided rose-colored puff pieces throughout his fall.
- AtlasBarfed 3y agoThat's what the NYT is for: buddy-buddy with the financeers of Wall Street and carrying their water as much as they plausibly can while maintaining the facade as "the paper of record".
- huijzer 3y agoWell, it did reinforce the idea that you should never put your money in a company headquartered in the Bahamas.
- 2devnull 3y agoYeah I noticed 60 minutes was running some sort of SBF puff piece yesterday and immediately turned it off. Was trying to eat dinner. I know his ill gotten wealth will be paying for a massive character laundering campaign and so none of this is unexpected. But it’s not going to be filtered out so easily by the naive and largely ignorant public. The news is bought and paid for.
- distant_hat 3y agoThis is still a semi-puff piece. Makes it seem like he is being turned into a scapegoat for the industry and drums up sympathy for him.
- nico 3y agoEven the way the title was written. When I first read it, I missed the last word and it seemed to be saying that the crypto community was rooting for the guy It would be much clearer if it said something like The crypto community calls for SBF’s conviction