when he got started in crypto, which, he also said, was a field made up of projects that were mostly “bullshit.” But it also was a means to an end. The world would be better if he, the smartest guy in the room, had more money to distribute, and crypto was the fastest way to get rich.
What Bankman-Fried stumbled upon, perhaps unwittingly, was the secret to actual crypto evangelism that would convert everyone, from venture-capital firms to the media. To be the crypto evangelist, you couldn’t sell people on the decentralized, libertarian future, because most of the people with lots of money have incentives to maintain the status quo. Instead, you had to convince people that you hated crypto for all the same reasons they did, but that they should invest in it anyway.
I have dabbled in cryptocurrencies since 2017. My friend Aaron Lammer and I made a podcast called “Coin Talk,” where we took a sports-talk-radio approach to all the industry scams, pump and dumps, but also what we saw as the technological and economic potential of Bitcoin, Ethereum, and whatever off-brand coin we had invested in that week.
Which is to say, we would’ve been the perfect marks for Sam Bankman-Fried’s nonchalant crypto gospel, because it lined up perfectly with both our prior beliefs and our greed. We didn’t have to want the world envisioned by libertarian Bitcoin maximalists, with its deflationary currency and social Darwinian outlook. We could just dabble in it while also poking fun at the scammers, who definitely were not like us in any way.
I imagine that many credentialled people—tech titans, philosophers, or my colleagues in the media—felt something similar when they decided that Bankman-Fried was somehow different. The past two weeks have seen a parade of
And of course because of his hypnotizing breasts.
Kind of like what the media thinks of truth?
The more I read about VC, the more I think it's a cabal of morally numb, ethically challenged, emotionally-stunted, immensely rich white men. They seem doomed to repeatedly pour billions into smart, privileged, marketable white boy narcissists and sociopaths.
Def not a messiah then, just saying
If anyone is really interested in cryptocurrency check out Shyster Coin.
along with his appearance, or health
Repeat after me: CRYPTO. IS. A. GIANT. SCAM Yes, all of it.
Sounds like a bulletproof façade.
Why would he ? He seen rubes dumping real cash into fake money and knew he had a cash cow.
Psst. All crypto is a giant scam. Pass it on.
I can’t believe refutable agencies are still refusing to call this theft/embezzlement. It’s embarrassing.
Scam Bankrupt-Fraud
Eh, even people who take cryptocurrency seriously are unserious 🧠 ultimately. SBF just a concentrated amalgamation of the worst parts of the industry that rapidly hit its inevitable endpoint
Nothing more interesting to write?
Yeah and all of you media people propped him up as a disruptor of the financial sector. Just do your job already.
He outright admitted it was a Ponzi scheme and people still took him seriously.
Why is every media outlet gargling this dude's grapes?
basta pelotudos
jaycaspiankang Thing of beauty, that article, dawg.
jaycaspiankang If you want to know what some smart people think about cryptocurrency, just search for the YouTube video of Warren Buffett and Charlie Munger discussing cryptocurrency.
jaycaspiankang Has become? Ever thus.
jaycaspiankang It seems to me no one paid attention to his name before 🤔😬😂 Sam (Uncle) - “Bank” “Man” - Fried (toasted) 🤷🏻♂️😂
jaycaspiankang Vitalik is the next scamer to fall down.
jaycaspiankang Crypto Larper
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