SBF helped speed up a very necessary purge. He shouldn't serve more than 5 years \ stacker news ~bitcoin

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SBF helped speed up a very necessary purge. He shouldn't serve more than 5 years

11 sats \ 11 comments \ @mallardshead 14 Feb 2023 bitcoin

Non-violent offender, no priors, a person nobody would be afraid to have as their neighbor. I'd rather have him than my current neighbors. And that's the litmus test for me when pondering punishments and prison terms. I have no clue why the dirty VC interests that gave him their money are considered anything other than gambling junkies masquerading as investors. Their dice rolled snake eyes, pun intended. Speaking of snakes, politicians on either side of our two-party fraud joined in the degeneracy without a single question. As for the retail fools that thought "not your keys, not your coins" was something they could safely screw over this one special time are learning lessons they otherwise wouldn't have.

The regulatory effects of SBF's fraud are not over, and as the government gets aggressive, the faux decentralized ideologues shall have their blood gloriously spilled. 🫗

Bitcoin is like a natural selection for our evolution forward. SBF is a conman who deserves punishments taking from him some prime years of his life. I say 5. He's also quite young and deserves a second chance, like any non-violent offenders with crimes absent of dead bodies do.

Or perhaps this is just my dark maximalism speaking.

∞/21M

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30 sats \ 1 reply \ @sudonaka 14 Feb 2023

Theft is a crime and at this scale of fraud he should be in jail for at least 20 years.

Sure, one of the happy coincidences was that the theft taught the public (again) not to trust shitcoins- but if we are living in a law-abiding statist society then there must be consequences, or there will be chaos.

We can argue chaos and lawlessness has already begun for years now, but I think there’s plenty of time for scam-bank-man to face the cold hard walls.

0 sats \ 0 replies \ @mallardshead OP 16 Feb 2023

20 years puts him away until he's 50s. I don't see any tangible benefits to society there. His behavior is idolized in culture (Wolf of Wallstreet etc) and the real solution is a new base layer of trust. If this was a violent crime, that's different, because somebody was left physically impaired. In this case the conmen that funded him, and gambling junkies without first principles got a taste of what "crypto" will always do to you.

40 sats \ 3 replies \ @snakedye 14 Feb 2023

What are we talking about? SBF's degeneracy might have inadvertently good consequences but it doesn't exonerate him.

In an ideal world people like him would be executed. They'll think twice before defrauding hundreds of thousands of people.

0 sats \ 2 replies \ @mallardshead OP 16 Feb 2023

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0 sats \ 1 reply \ @mallardshead OP 16 Feb 2023

I just struggle to look at his victims and see them as such. Execution? Ideal if it wasn't the state and revenge a sacred monopoly, as in the victims kill him. That's been abstracted, and there are in our world conflicting signals on his behavior, as it's idolized in culture (Wolf of Wallstreet, etc). There's no reason to believe anything but a new base layer of trust changes this. But like Madoff's victims (who got 90% of everything back), or Dokwon's victims, I see a bunch of conmen and liars, and can't help but roll my eyes hearing them complain their shitcoins went to zero.

0 sats \ 0 replies \ @snakedye 16 Feb 2023

That's been abstracted, and there are in our world conflicting signals on his behavior, as it's idolized in culture (Wolf of Wallstreet, etc).

99% of people do not defraud others. We all know it's wrong. The signals are not that mixed.

20 sats \ 0 replies \ @WeAreAllSatoshi 14 Feb 2023

Speeding up the purge is good. That doesn't minimize the severity of SBF's crimes.

10 sats \ 1 reply \ @cointastical 14 Feb 2023

Sounds like something SBF would post. And since he's been found to be using a VPN, I just assumed this was posted by him. But OP has been on SN for a while, so maybe not.

25 sats \ 0 replies \ @mallardshead OP 16 Feb 2023

Free SBF! I'll link the site to the merch. LOL.

0 sats \ 1 reply \ @satyagraha 1 Mar 2023

SBF helped speed up a very necessary purge

That remains to be seen. If Gary Gensler and Maxine Waters disappear completely, then the necessary purge will be complete. Otherwise it's just business as usual.

0 sats \ 0 replies \ @mallardshead OP 1 Mar 2023

Hmm. Seems regulation and the pressure to regulate has certainly gotten up to speed since. And I've got no clue why you'd make the false equivalence of Gary Gensler and Maxine Watters.