Further proof, as if more were needed, that people aren't as smart as they think they are.
SBF really and truly thought he could snow the prosecution and the jury playing the same high-falutin,' empty-of-content, word games that went over so well with the media and investors.
I continue to not understand why more people are not saying that the crypto industry is a Ponzi Scheme masquerading as a Ponzi scheme. There is nothing there except the chance to buy something and sell it for a higher price. As far as i can tell that is the entire story. There is no actual underlying value. Their only argument is that “the government currencies are no better.”
You are oversimplifying the crypto market. It is not a Ponzi scheme masquerading as a Ponzi scheme. It is a money laundering operation masquerading as a Ponzi scheme. Crypto has proven to be very useful for the drug and arms dealers of the world. I suspect that is why the big name crypto currencies have avoided a typical Ponzi collapse.
It's good to see that the hard working staff at Drezner World are in such good heart, though it is indeed a cheering bit of news, with hopeful portends.
Yes yes yes. Our Very Serious friends at Wall Street Journal, and elsewhere, love a mystery though. Suspense is their lifeblood. It'd be so dreary if a defendant could lose a case just because he happened to be guilty.
Further proof, as if more were needed, that people aren't as smart as they think they are.
SBF really and truly thought he could snow the prosecution and the jury playing the same high-falutin,' empty-of-content, word games that went over so well with the media and investors.
Spot on. And incredibly interesting that the rest of us could see through it like Swiss cheese. Wow.
I continue to not understand why more people are not saying that the crypto industry is a Ponzi Scheme masquerading as a Ponzi scheme. There is nothing there except the chance to buy something and sell it for a higher price. As far as i can tell that is the entire story. There is no actual underlying value. Their only argument is that “the government currencies are no better.”
You are oversimplifying the crypto market. It is not a Ponzi scheme masquerading as a Ponzi scheme. It is a money laundering operation masquerading as a Ponzi scheme. Crypto has proven to be very useful for the drug and arms dealers of the world. I suspect that is why the big name crypto currencies have avoided a typical Ponzi collapse.
Replay the Ray Liotta tape!
I am astounded - and delighted - to learn that last year's bankruptcy filing won an Albie!
"The staff has been following this case since before last year’s bankruptcy filing, which won a much-coveted 2022 Albie."
It's good to see that the hard working staff at Drezner World are in such good heart, though it is indeed a cheering bit of news, with hopeful portends.
Not good news for all - the funneling of FTX client monies to cherry picked candidates/causes came to a sudden halt - time for a new grift.
Yes yes yes. Our Very Serious friends at Wall Street Journal, and elsewhere, love a mystery though. Suspense is their lifeblood. It'd be so dreary if a defendant could lose a case just because he happened to be guilty.
https://youtube.com/clip/UgkxdYFLro7czmPuicZt0PUanckWyUD6RUPN?si=CAA2Dr3i9xbjdi0_
SBF has another trial to face, and his parents face a class action lawsuit.
The final casualty of SBF's crime spree appears to be Michael Lewis' reputation.