‘Sam Bankman-Fraud’: Fallen crypto king found guilty on all counts

Discussion in 'Crypto Assets' started by The_Krakenite, Nov 2, 2023.

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  2. mikeriley

    mikeriley

    Why is this man guilty?

    Because there was a massive sell-off of his token. Huh?

    He did not orchestrate that. (but we know who did)
     
    TheDawn likes this.
  3. steve42

    steve42

    Lmao! I said from the very beginning anyone and everyone that even bought into that whole scam even for a millisecond is about the most gullible idiotic ill-informed and downright delusional morons to exist. The reason this sort of thing has occurred is because these people are so delusional and psychotic that they're continued existence has so much to do with the beauty and splendor and resilience of nature and biological processes things like that which have nothing to do with all their weird ego games that kind of stuff but anyway it does explain why things look the way they do sometimes
     
    murray t turtle likes this.
  4. steve42

    steve42

    What was missing from the very beginning was a sound and logical basis for the value proposition. There's no free lunch in economics. Conservation laws physics apply whether or not you're aware that there are equations that govern them etc. Why anyone thought that they could get away with this scam is an exercise in psychology He's only difference in trying to diagnose filth ridden schizophrenics on the street is the fact that some of them have money and some don't but otherwise mentally they're the same. And a lot of them on the street can be helped if you talk to them properly treat them like a normal person unlike these kind of psychopaths few things like dedicate their lives to crypto
     
  5. maxinger

    maxinger

    Right.

    To get rid of liars/cheaters,
    we have to get rid of foolish, gullible investors first.

    Instead of displaying SBF face prominently,
    we should display those foolish, gullible investors' faces prominently.
     
  6. There was a massive sell-off of his token because it was garbage. It doesn't matter who triggered the issue, it was going to explode anyway because it was a scam. Watch coffezilla videos on him, he was highlighted as a scammer way before anything happened.

    He was selling unregulated garbage.
     
    murray t turtle and steve42 like this.
  7. steve42

    steve42

    I don't think it's right to kill people I mean sometimes it is (terrorists etc) but I pity them and the squandered misappropriated resources actually I think there should be some sort of education outreach or something dedicated to countering this or whatever I'm normally against government intervention but what else is there to do without deep-funded pockets for someone with resources who cares about countering the issue .you know I've always believed in education there should be some way to inform people, I think bad decisions harm much more than the person who makes them but even when I explain things to people they don't get it and I see the same mistakes often repeated
     
  8. steve42

    steve42

    This is just another example of how idiots fill their heads with scraps of information about things that don't matter and thereby miss the things that do engender real value
     
  9. mikeriley

    mikeriley

    Value is based on agreement between two parties.
    If one party has a rock, and the other party a bag
    of poop, and they come to agreement to exchange
    what each individual values, their transaction is complete.

    There is absolutely no well-defined, identifiable rule that
    defines value for an individual. Each person follows his or
    her own wants/desires of what they choose to value.
     
  10. notagain

    notagain

     
    #10     Nov 3, 2023