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ColoradoSpringstein t1_j2bpfwg wrote

Pretty sure we need to be arresting the people who (used him as the fall guy) enabled him to get into this position in the first place.

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TheNerdWithNoName t1_j2bzfr5 wrote

And who do you suppose that would be? The morons who bought into the whole idea of crypto in the first place?

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ColoradoSpringstein t1_j2c0qji wrote

Uhhh SoftBank, Tiger Global, Paradigm, Sequoyah, etc… all these institutions with billions in assets that have been playing the game for decades. Why would they enable sbf to do this? What do they gain out of this whole thing?

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TheNerdWithNoName t1_j2c29i0 wrote

> Why would they enable sbf to do this?

How, and by what means, do you assume they enable him?

>What do they gain out of this whole thing?

No point in speculating about that before you have a solid answer for the first question.

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ColoradoSpringstein t1_j2c59hj wrote

Think about it. What did ftx do? Renamed a stadium, got Larry fucking David to do a Super Bowl commercial, made donations to politicians on both sides of the aisle, lobbied the chair of the finance committee to presumably help with the writing of any crypto related regulations, got tons of high profile celebrities to endorse and invest in their exchange, that they ran alongside their hedge fund, they bailed out or acquired bunch of other crypto exchanges.. like that’s a pretty large list of high profile side missions if this shit were just a scam. Idk I been smoking that good shit while looking into this. Going off on all sorts of tangents.

You can blame all this on the greater fool theory running wild and think that sbf just got a bunch of strangers to invest gobs of money with him that he then went on to do all this baller shit with. I just can’t buy it. Too early to tell but it’s fun to speculate.

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TheNerdWithNoName t1_j2ca82c wrote

When you are conning people out of actual currency and giving them imaginary currency. Then assigning the imaginary currency a value based on who-knows-what, then you have a shitload of real spending money. When the whole thing is completely unregulated there isn't much stopping anyone from doing the same thing.

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