32 ms·

You think so? 25 years seems quite reasonable to me. He stole billions of dollars.

w0z_ 3y ago
Not to undermine what he did. The US prison system just seems very unproductive, put him in a factory for 20 of those years.
- themaninthedark 3y ago
  And then we will have people complaining about slavery...they already say that prison jobs pay below minimum wage so they are slavery.
- pavel_lishin 3y ago
  I don't like the incentives that creates. Private prisons and the existing prison labor system are bad enough.
- emanuele232 3y ago
  forced work for who breaks the law? you risk to fall in the "slavery with extra steps" situation
  - stonogo 3y ago
    Slavery as a punishment for crime is explicitly authorized in the United States Constitution.
    - lesuorac 3y ago
      To piggy-back on this, not only is it explicitly authorized it's often expected. Failure to voluntarily participate in a work-program is grounds for solitary confinement (which entails more penalties than just being by yourself).
  - jobs_throwaway 3y ago
    federal prisons already require prisoners to work. We DO have slavery with extra steps
- user90131313 3y ago
  no, private prisons are productive?
  - rootusrootus 3y ago
    Private prisons account for 8% of the total prison population.
drexlspivey 3y ago
The victims are going to get paid back (in 2022 crypto prices) due to the appreciation of FTX’s assets (crypto and Anthropic shares). So if someone lost a bitcoin when FTX collapsed (BTC was at $18k at the time) they will get more than $18k but not $70k which is today’s price.
- aeyes 3y ago
  If I had 1 Bitcoin in an FTX wallet, I'd like to have 1 Bitcoin back. Not whatever the value of Bitcoins is in Dollars.
  - jedberg 3y ago
    If you wanted those kinds of banking protections, then you should have used a currency system that has those protections. Bitcoin is "easy" because it is unregulated, but the flip side of that is that you the consumer get no protection, and you shouldn't expect any.
    - rootusrootus 3y ago
      This is pretty twisted. FTX can claim it made customers whole by benefiting from exactly the speculative gains that it prevented its customers from getting.
      - jedberg 3y ago
        It’s certainly immoral but it’s the risk you take investing in an unregulated market. There are regulations to prevent exactly this when you invest in stocks or put your US dollars into a bank account.
- FireBeyond 3y ago
  That has zero to do with SBF's intention and should not be in any way a defense against the wrong perpetrated against them. It could easily have crashed. That it went in a direction that helps make his victims more whole is entirely happenstance and SBF should get ZERO credit or recognition for this aspect of restitution.

w0z_ 3y ago

Not to undermine what he did. The US prison system just seems very unproductive, put him in a factory for 20 of those years.

themaninthedark 3y ago
And then we will have people complaining about slavery...they already say that prison jobs pay below minimum wage so they are slavery.
pavel_lishin 3y ago
I don't like the incentives that creates. Private prisons and the existing prison labor system are bad enough.
emanuele232 3y ago
forced work for who breaks the law? you risk to fall in the "slavery with extra steps" situation
- stonogo 3y ago
  Slavery as a punishment for crime is explicitly authorized in the United States Constitution.
  - lesuorac 3y ago
    To piggy-back on this, not only is it explicitly authorized it's often expected. Failure to voluntarily participate in a work-program is grounds for solitary confinement (which entails more penalties than just being by yourself).
- jobs_throwaway 3y ago
  federal prisons already require prisoners to work. We DO have slavery with extra steps
user90131313 3y ago
no, private prisons are productive?
- rootusrootus 3y ago
  Private prisons account for 8% of the total prison population.

drexlspivey 3y ago

The victims are going to get paid back (in 2022 crypto prices) due to the appreciation of FTX’s assets (crypto and Anthropic shares). So if someone lost a bitcoin when FTX collapsed (BTC was at $18k at the time) they will get more than $18k but not $70k which is today’s price.

aeyes 3y ago
If I had 1 Bitcoin in an FTX wallet, I'd like to have 1 Bitcoin back. Not whatever the value of Bitcoins is in Dollars.
- jedberg 3y ago
  If you wanted those kinds of banking protections, then you should have used a currency system that has those protections. Bitcoin is "easy" because it is unregulated, but the flip side of that is that you the consumer get no protection, and you shouldn't expect any.
  - rootusrootus 3y ago
    This is pretty twisted. FTX can claim it made customers whole by benefiting from exactly the speculative gains that it prevented its customers from getting.
    - jedberg 3y ago
      It’s certainly immoral but it’s the risk you take investing in an unregulated market. There are regulations to prevent exactly this when you invest in stocks or put your US dollars into a bank account.
FireBeyond 3y ago
That has zero to do with SBF's intention and should not be in any way a defense against the wrong perpetrated against them. It could easily have crashed. That it went in a direction that helps make his victims more whole is entirely happenstance and SBF should get ZERO credit or recognition for this aspect of restitution.