Blockchain, NFTs, and Web 3.0

[specious_reasons]

Originally Posted by Stephen Maturin

Now's as good a time as any to revisit that clip where Martin Shkreli tells Fried that jail isn't all that bad.

"Jail is not that bad" SBF & Martin Shkreli‚ - YouTube

Tiffany Fong (the publisher of that video) is an interesting person - just someone who got fucked over by the Celsius collapse and became an amateur journalist as a result. She seems to do a pretty decent job. She was invited by Bankman-Fried to interview him, and for some reason, he revealed a lot of really damaging information in those interviews. I think he both underestimated her and was bamboozled by a pretty face.

I've been watching her recaps of the trial, and I find them interesting and informative.

[Kamilah Hauptmann]

Guy literally has two Ivy League law professors for parents and neither of them ever sat him down and gave him the “don’t go on tv and tell people all your crimes” talk https://t.co/SsRnyVHMzx

— Gas Stove Prayer Warrior (@canderaid) November 1, 2023

[ChuckF]

lol took the jury four and a half hours to find that dipshit guilty on all counts.

[Kamilah Hauptmann]

Maybe this longtermism thing has something to it. Maybe at sentencing.

[specious_reasons]

Aww, came here to post this, but ChuckF beat me:

Sam Bankman-Fried trial: FTX founder convicted of fraud | AP News

[Ari]

Wow, I was just watching an overview of the last day that mentioned it could take a week depending on what documents they wanted to review.

According to a youtube report, the jury asked for transcripts related to investors Robert Boroujerdi and Matt Huang at around 7pm, and announced they had reached a verdict at 7:30.

[specious_reasons]

From the recaps of the trial, and especially the closing arguments, the jury never bought the defense's arguments. I was expecting a day or so, but apparently the jury thought it was just that obvious.

I mean, it was, but if I were on the jury I'd slow down a bit to make sure I knew everything was in order.

[seebs]

I think if SBF hadn't testifed it'd have been a lot harder.

[Kamilah Hauptmann]

I’m wondering if the prosecution did a fabulous job of calling bullshit on Sam’s bullshit and explaining why it’s bullshit it got to the point where it was obvious to the jury that Sam not only can’t tell the truth, he has no idea what reality even looks like. So, speed run.

[specious_reasons]

I think so, I'm still surprised it took just under 4 hours. Apparently, several reporters (and amateurs) covering the trial got surprised as well, and were locked out of the courtroom because they didn't get back in time.

My thoughts on this: Bankman-Fried was perfectly fine with spending customer's money because he thought he was smart enough that he'd make more and be able to cover anything he "borrowed" when the customers wanted to withdraw. Instead, he got caught with his pants down when crypto experienced a downturn and people started looking for the fraud that was rampant.

The dysfunction of the company might be a defense, but the dysfunction was there partly to cover up the fraud, and partly because the company was doing so well, they didn't think they needed to worry about it.

There is a long history of this kind of fraud, and Bankman-Fried isn't special. He just sounded like he might be for a moment.

[specious_reasons]

Report: Here's Sam Bankman-Fried's Stupid Little Face Again

[Stephen Maturin]

Originally Posted by ChuckF

lol took the jury four and a half hours to find that dipshit guilty on all counts.

And the 4.5 hours likely included lunch, filling out and signing the verdict forms, and probably a lively Lulziest Self-Incriminating Statement contest.

[Sock Puppet]

I'd have requested time to review his entire recorded testimony, and made some bingo cards.

[ChuckF]

ok you guys it's NOT funny so you should not laugh

[fragment]

the contractor tasked with setting up lighting at the party had used a series of Philips TUV 30W G30 T8 light bulbs — which according to Philip’s website — emit 12 watts of UV-C radiation, mainly used for disinfecting surfaces

Originally Posted by Philips

DANGER: Risk Group 3 Ultra Violet product. These lamps emit high-power UV radiation that can cause severe injury to skin and eyes. Avoid eye and skin exposure to unshielded product. Use only in an enclosed environment which shields users from the radiation.

yikes

[seebs]

Amazingly, not the first time that's happened at a party in Hong Kong.

[Ari]

Originally Posted by specious_reasons

Tiffany Fong (the publisher of that video) is an interesting person

Speaking of, this was a great breakdown of the amount of time SBF could be facing, and now I'm even more amazed he pulled shit like VPNing the Super Bowl or releasing a witness's diary, like does he *want* to piss off the judge?

What's Next for SBF: Sentencing - 20 years or 115...

[Ari]

And another! Wow crime family much? I hadn't realized the father was so interconnected with FTX or that both seemed to treat it as a personal bank account.

How Involved Were SBF's Parents? How Much Did Joe...

[seebs]

Yeah, "leaking your ex-girlfriend's diary to the NYT to try to discredit a witness in your trial" is actually I believe the specific thing that got him moved from house arrest to jail.

[Kamilah Hauptmann]

Binance and its customers will get "24/7, 365-days-a-year financial colonoscopy."

[Crumb]

Financial Colonoscopy? Didn't they used to open for Dave Mathews?

[fragment]

Crypto hedge fund CEO may not exist; probe finds no record of identity | Ars Technica

After its investigation, The Guardian has confirmed that no organization cited on his resume "can find any record of him."

[specious_reasons]

Originally Posted by fragment

Crypto hedge fund CEO may not exist; probe finds no record of identity | Ars Technica

Should have named him "Adam Selene" — just obscure enough to get away with it (maybe not with Woz).

[Ensign Steve]

How about Alan Smithee

[Ari]

On Feb 2nd 2024 all GameStop NFTs will become unbuyable and unsellable and are thus worthless.
GameStop is closing its NFT marketplace after 18 months | VGC