Originally Posted by Tellafriend
correct. it is just a matter of time.
https://twitter.com/PeterSchiff/status/1870602486396129707
Politics aside, SBF was kind of right though, wasn’t he? Like what would just his Sol be worth now? $10 billion?
He argued he was solvent. He wasn’t atm but would be that and then some in short order.
I get that he didn’t have the right to do what he did, but to my understanding, even with what he lavishly spent, his people were largely made whole because the shit he held went up so much.
Like he would probably be in very rarified air and among the wealthiest people in the world right now had some fellow criminal who ended up in jail the next year and was his business rival not started a bank run before he ultimately went to prison himself for money laundering.
Like contrast Elizabeth Holmes with SBF. Both seemed to think through force of will they could reshape the world. Both thought themselves visionaries. But she had no idea what she was talking about and a complete fraud. He was an autistic nerd who made a bunch of moves that were largely right because he probably didn’t feel like explaining what he was doing to a bunch of people who wouldn’t understand. Definitely not legal and not his right, but being right is worth a lot. I’d think differently of Holmes if Theranos had actually got where she envisioned even after her fall. They didn’t and never will. His vision got there 18 months after his fall.
She’ll do 9 years.
I mean Bernie Madoff didn’t invest his marks money in BTC or he’d have roads named after him in Jerusalem and NYC. Had he invested 20% of what he stole his investors would be thrilled and richer than ever.
Other than selling off some of her personal holdings, Holmes investors will be lucky to ever see 2% of what they lost.
Madoff’s marks are just stories of pure pain.
People who had money in FTX are getting back 118% of what was held. 9% annual return. And that’s with them probably spending billions on the whole shit show.
I mean he got a Madoff like sentence for something the regular banks do all the time and end up failing at. They just have Uncle Sam as a backup.
Like at the end of the day, had he weathered that storm and there wasn’t a bank run, he’s bigger than Elon and way more popular right now.
In the country where no one went to prison for the banking crisis and Trump is going to pardon a kid who kind of took out hits on people, and also was the middleman for a business that had maybe 100 overdoses associated with it, is he that bad?
And I don’t have a problem with the Ulbricht pardon either. He was also right as far as drugs go. His way was safer. His 100 overdoses would likely be thousands.
The paid hits are problematic, but the government corruption and clowns stealing from him kind off offset that situation.
In the annals of this corrupt county and who fucked shit up, neither of those two kids are even in the ballpark of the banksters. The world isn’t worse with both walking the street.
We raise these kids in a world where they watch our politicians and anyone associated with Wall Street loot the country with no benefit to anyone but themselves and nothing ever happens to anyone.
They both think outside the box and get hammered for not cheating within a broke system when what they did benefitted a lot of people. They just weren’t authorized criminals. They were both greedy little fucks who wanted to get rich also, but their way of getting rich hurt a lot less people than our normal scammers. They probably are a net benefit eventually had we let them do their thing.
“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves among those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague."
Marcus Tullius Cicero
I think he is as likely to be pardoned by Trump as Biden.
Normally a sitting President will wait til the end of his term to avoid controversy but controversy is a feature not a flaw if you’re Trump and the crypto cabinet.
Payouts need to flow first and the resulting headlines printed.
Winning your bets is hugely appealing and as American as it gets. I literally just noticed my DuckDuckGo offers Anthropic AI. What was that - a 10 bagger for FTX?
SBF getting a near life sentence is just fucking dumb Justice anyway.
None of this will be a reason for optimism about democracy or Justice and it is fitting we discuss this in “end of times” thread.
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