November 2nd isn’t just another date on the calendar. It’s the day the mask came off Sam Bankman-Fried — the “crypto genius,” the “effective altruist,” the billionaire who was supposed to bring legitimacy to the space.

On that day in 2022, a leaked balance sheet showed what was really behind the curtain: Alameda’s reserves propped up by FTT, a token printed out of thin air by FTX itself. Nothing decentralized, nothing sound — just a closed loop of leverage and hype. Within days, the whole thing imploded.

Fast forward one year — November 2nd, 2023 — a New York jury found SBF guilty on all counts. The circle closed perfectly. From “visionary” to convicted fraud in exactly 12 months.

For Bitcoiners, it’s not just history — it’s a reminder. Every cycle has its Sam. Every bull run breeds a new savior selling the same old trust-me pitch. And every time, reality hits back.

Bitcoin doesn’t need figureheads or polished narratives. It doesn’t promise yield, or safety nets, or moral grandstanding. It just keeps producing blocks — open, verifiable, uncensorable.

So yeah, November 2nd matters. It’s the day we remember what happens when you hand your keys, your coins, and your trust to centralized promises dressed up as innovation.

Don’t forget it next time someone says, “This time, it’s different.”