Equivocals t1_j1i9nyd wrote
Reply to comment by rayinreverse in Judge kept cooperation of Alameda CEO, FTX co-founder a secret so Sam Bankman-Fried wouldn’t get spooked and fight extradition by ihavestrings
While the FTX implosion was significant, he in no way represents crypto. At its peak FTX was valued at 32b and down to 18b just a few months later. Bitcoin alone is valued at 325 billion even in this bear market. If bankers were concerned about crypto gaining ground, they would not even cheer on this, as this is good for crypto: the more scammers who get locked up, the less there will be in the future, and the more people will know how to hold their crypto
DoktorFreedom t1_j1jj3bd wrote
“This is good for crypto” Should be a sentence you know not to use by now.
“You just don’t understand” also doesn’t have much throw weight
LostB18 t1_j1jxpa6 wrote
Eh, the majority of people commenting on either side of this issue really don’t understand though.
rayinreverse t1_j1ib221 wrote
To bankers and the people they spend money on, he does. Symbolically. There will be so much media attention on this and it will be framed first and constantly that he was a crypto guy. Not a thief. A fraud, liar, cheat. A crypto guy.
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