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31 sats \ 7 replies \ @Undisciplined 8 Nov 2023 \ parent \ on: What should SBF sentence for his crimes be? meta
The crime of fraud always involves giving your money to someone else. Is your view that fraud is metaphysically impossible?
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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