octaviusromulus
octaviusromulus t1_j21vo6u wrote
Reply to comment by MurderDeathKiIl in Sam Bankman-Fried to enter plea in FTX fraud case by hzj5790
Exactly this. They were the lucky ones to get into the pyramid scheme before it all fell apart. There are a LOT of people who weren't so lucky, and anyone who profited off bitcoin did so at their expense. The whole crypto thing is a moral shambles.
octaviusromulus t1_izzggyv wrote
Reply to Former FTX CEO Sam Bankman-Fried refuses to testify before Senate, committee says. by AdamCannon
Hang on, wasn't it only this morning when he was going to testify? What happened?
Update: he got arrested. That's apparently what happened. LOL.
octaviusromulus t1_j223k11 wrote
Reply to comment by Future-Spirit7874 in Sam Bankman-Fried to enter plea in FTX fraud case by hzj5790
Maybe you should study history and economics.
The difference is that the dollar is an effective currency. You can use it in your day-to-day life to do the things that you need to do. Its value is in its usefulness, and it's widespread use in commerce by society.
The same is not true of Bitcoin. It is not useful in day-to-day transactions, and it is not used in commerce for anything other than speculation in itself. It's effectively tulips, but you can't put them in a vase and admire their beauty.