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10 sats \ 17 replies \ @DarthCoin 8 Nov 2023 \ on: What should SBF sentence for his crimes be? meta
LOL who voted "forced to repay" ?
Are you guys retarded?
When you gave SBF your money, those money are not yours anymore.
So he never "defrauded" you... you defrauded yourself.
Fucking morons.
I voted forced to repay, I’m sure you’re not surprised to learn I’m straight up retarded
:)
But trusting people who say they want the best for you, can make you rich, can make you be like them!.. that’s just hope. Hope that someone finally looked in your direction and saw you , wanted to help you! but then. But then. He must repay to the best of his ability. Seems like a smart kid, sometimes you gotta out in the work . This is his sentence.
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Fellow retard here. I think you make a good point, but then again I am retarded.
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Oh good sir, no no, ‘‘twas I what was amnsnst reterabread
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Is Darth force choking you?
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No no that guy is an idiot I’m choking myself
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It is pretty clear that it was foolish to give your money to SBF. But legally speaking(under the laws of the US valid or not) SBF committed fraud.
Defraud: to deprive of something by deception or fraud
SBF to my knowledge did deceive both investors and employees. Now, should they have known better? Yeah for sure. But even in a stateless society there will be fraudsters and we would need to have a system to handle this beyond NYKNYC.
One answer to critics of anarchism is to have private judges and organizations which figure out such things using common law. So I do not believe these answers are "retarded". I'm not saying this should be his sentence either.
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"Forced to repay" might involve incarceration of some sort. As you mention above, since he can't afford to repay those he defrauded, he might have to be held in some form of involuntary servitude.
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I understand your view on "pay back for the damage", but in this case he didn't make any real damage.
People were retarded and gave him their money. Plain and simple. That means, by contract, they gave up their rights and ownership on those money.
So he did no damage, just gambling with his own money.
The crime of fraud always involves giving your money to someone else. Is your view that fraud is metaphysically impossible?
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lol. Buyer beware would not cover everything. You would still need courts and judges in a stateless society. They actually predate the modern state so there's that.
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always make and read the contract you sign.
That's all. This whole fucked up world function based on contracts.
Read UCC.
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This is why I'm not saying you are right. To my knowledge he violated the contracts/rules that investors agreed to. I do not know this but this is my understanding. If he didn't do anything that violated the contracts people signed then I believe he should be a free man. In fact, if that was the case the state should pay him restitution. He's no different from a bookie.
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My understanding is that he violated the terms of the contracts that customers signed. That's why it was considered fraud.
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Yeah, so I think ETH is a scam but I don't think its creator is guilty of fraud. You do not have to sign a contract to buy that token. The info / knowledge about how it works is freely available. That's the difference to me.
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Agreed. It could hypothetically be fraudulent, if the organization that manages ETH makes explicit assurances about how they're going to manage it and then do something different.
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