As in: "Fun to watch people losing money they sent to someone who they thought was honest because he was on the cover of many mainstream publications who were presenting him as an altruistic genius"
+ while telling all their friends to have fun staying poor when these pioneers entered the future of money to become millionaires with a starting capital of $10.
Yes, it's so enjoyable after years of telling them to stop oh god stop telling me to buy their shit MLM token crap.
It should be pretty simple. If it relates to cyrptocurrencies, its a scam. The public keeps learning this lesson over and over again but their greed gets to them and they get stuck in the next scam.
The truth is if it involves any form of money there are scams abound. Crypto is no difference. Our entire economy almost collapsed in 2008 because of scams.
True, but many regulations have since been added to prevent all of these previous issues. While crypto is the same thing without the regulations, seemingly with the only purpose being to enable scams again.
Yes, exactly. It was doubly funny because the usual crypto scam nonsense had that extra layer of "effective altruism" bullshit. At this point, if you get into a crypto venture and it, uh, totally accidentally mysteriously falls apart and you lose everything, you have only yourself to blame.
OK but what happened, for example, to journalism and these supposedly reputable publications like The New York Times that, instead of actually googling a little bit online (they'd have found in less than 30 minutes that SBF was fraudster and FTX a ponzi) and then exposing Ponzi boy decided instead to be complicit in the scam?
Yeah and the funniest is all these anti system idiots are now whining "but I read the New York Times", when in fact all they read is Coindesk and youtube videos by commercial actors calling them their "community".
I mean fine the NYT is weird, but it's the millions of cryptards on Youtube that syphon and funnel the money...
From what I read, one NYT reporter covered SBF and did a human-interest gloss on him that many found offensive in retrospect. But even that article had statements from detractors and critics. Who is the mythical person that was taken in by the NYT on this one?
OK so because, say, degens from r/wallstreetbet going all-in on GME make fortunes and kept repeating "have fun staying poor" to those not going all-in on GME, Madoff should be allowed to pull his Enron on those people?
Your conclusion doesn't follow from your premise - I am not that sympathetic to the losses of the crypteau-riche but that doesn't mean I endorse fraudsters. Some of my amusement stems from the fact that a certain kind of crypto evangelist is into it because they hate government, taxes, and central banking, but suddenly wants state authorities to enforce their property rights.
Maybe some rugged John Galt type will bypass all the legal flim-flam and just go after the FTX executives personally. That would be a lot more cyberpunk than writing seething letters to the SEC about the predictable failure of another get-rich-quick scheme.
> Maybe some rugged John Galt type will bypass all the legal flim-flam and just go after the FTX executives personally. That would be a lot more cyberpunk...
Is that not precisely the future the crypto hoodlums have espoused, indeed, the only one they will accept?
I've got no dog in this fight so I can just sit back and make popcorn. If they'd televise the hunt we might be onto something. "Code is law" would be a great tagline for a bounty-hunter show.
