Current Events > Didn't like the vast majority of people think bankman fried was legit?

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GranTurismo
03/29/24 9:40:45 AM
#1:


i mean before charges were filed against him. Don't remember too well. Maybe more thought he was for real compared to elizabeth holmes. though iirc most thought she was for real as well iirc
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Doe
03/29/24 9:44:07 AM
#2:


He was on Forbes 40 Under 40, interviewed everywhere, called the world's youngest billionaire or something to that effect. Interviewers took his made up "effective altruism" philosophy credulously.

He had a similar treatment to Elizabeth Holmes in the sense that the media tends to blindly worship young entrepreneurs.

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DoubleOSnake
03/29/24 9:52:03 AM
#3:


Doe posted...
He was on Forbes 40 Under 40, interviewed everywhere, called the world's youngest billionaire or something to that effect. Interviewers took his made up "effective altruism" philosophy credulously.

He had a similar treatment to Elizabeth Holmes in the sense that the media tends to blindly worship young entrepreneurs.
really? did like no one suspect fried? iirc some suspected holmes. What was the point where it unraveled , to fried...someone turned him in? so if they didn't turn him in who would still not be charged like today? unsure

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ai123
03/29/24 9:55:03 AM
#4:


I've never thought of anyone involved in crypto as 'legit'.

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'Vinyl is the poor man's art collection'.
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DoubleOSnake
03/29/24 9:56:45 AM
#5:


ai123 posted...
I've never thought of anyone involved in crypto as 'legit'.
really? most are not charged with crimes though right?

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UnsteadyOwl
03/29/24 1:05:41 PM
#6:


I think there's a tendency of people to assume that if a bunch of rich, successful people are investing in a thing then there must be something to it even if on the surface it looks scammy. Especially in areas like tech and finance that the layperson lacks detailed knowledge of.

Except it seems like we're in an era where the rich are so rich that the prospect of losing $100 million or whatever isn't as bad as the fear of not getting in on the ground floor of whatever the next Amazon or Facebook ends up being. You look at things like Theranos and FTX and it doesn't seem like these investors are really vetting the startups they're investing in as carefully as you'd assume they would.

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"It is possible to commit no mistakes and still lose. That is not a weakness. That is life."
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