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  #351  
Old 10-30-2023, 11:13 PM
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Default Re: Blockchain, NFTs, and Web 3.0

Quote:
Originally Posted by Stephen Maturin View Post
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.
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  #352  
Old 11-02-2023, 10:45 PM
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Default Re: Blockchain, NFTs, and Web 3.0

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  #353  
Old 11-03-2023, 02:07 AM
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Default Re: Blockchain, NFTs, and Web 3.0

lol took the jury four and a half hours to find that dipshit guilty on all counts.
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  #354  
Old 11-03-2023, 02:12 AM
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Default Re: Blockchain, NFTs, and Web 3.0

Maybe this longtermism thing has something to it. Maybe at sentencing.
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  #355  
Old 11-03-2023, 03:14 AM
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Default Re: Blockchain, NFTs, and Web 3.0

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

Sam Bankman-Fried trial: FTX founder convicted of fraud | AP News
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  #356  
Old 11-03-2023, 03:23 AM
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Default Re: Blockchain, NFTs, and Web 3.0

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.
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  #357  
Old 11-03-2023, 03:56 AM
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Default Re: Blockchain, NFTs, and Web 3.0

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.
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  #358  
Old 11-03-2023, 04:43 PM
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Default Re: Blockchain, NFTs, and Web 3.0

I think if SBF hadn't testifed it'd have been a lot harder.
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  #359  
Old 11-03-2023, 08:42 PM
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Default Re: Blockchain, NFTs, and Web 3.0

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.
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  #360  
Old 11-03-2023, 09:46 PM
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Default Re: Blockchain, NFTs, and Web 3.0

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.
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  #361  
Old 11-03-2023, 10:41 PM
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Default Re: Blockchain, NFTs, and Web 3.0

Report: Here's Sam Bankman-Fried's Stupid Little Face Again
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  #362  
Old 11-03-2023, 11:20 PM
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Default Re: Blockchain, NFTs, and Web 3.0

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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.
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  #363  
Old 11-03-2023, 11:29 PM
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Default Re: Blockchain, NFTs, and Web 3.0

I'd have requested time to review his entire recorded testimony, and made some bingo cards.
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  #364  
Old 11-06-2023, 05:36 AM
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Default Re: Blockchain, NFTs, and Web 3.0

ok you guys it's NOT funny so you should not laugh
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  #365  
Old 11-06-2023, 06:30 AM
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Default Re: Blockchain, NFTs, and Web 3.0

Quote:
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
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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
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  #366  
Old 11-06-2023, 08:06 AM
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Default Re: Blockchain, NFTs, and Web 3.0

Amazingly, not the first time that's happened at a party in Hong Kong.
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  #367  
Old 11-08-2023, 08:53 PM
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Default Re: Blockchain, NFTs, and Web 3.0

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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?

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  #368  
Old 11-12-2023, 08:45 PM
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Default Re: Blockchain, NFTs, and Web 3.0

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.

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  #369  
Old 11-13-2023, 12:54 AM
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Default Re: Blockchain, NFTs, and Web 3.0

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.
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  #370  
Old 12-08-2023, 05:45 AM
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Default Re: Blockchain, NFTs, and Web 3.0

Binance and its customers will get "24/7, 365-days-a-year financial colonoscopy."
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  #371  
Old 12-08-2023, 03:56 PM
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Default Re: Blockchain, NFTs, and Web 3.0

Financial Colonoscopy? Didn't they used to open for Dave Mathews?
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  #372  
Old 01-04-2024, 12:50 AM
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Default Re: Blockchain, NFTs, and Web 3.0

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

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After its investigation, The Guardian has confirmed that no organization cited on his resume "can find any record of him."
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  #373  
Old 01-04-2024, 01:48 AM
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Default Re: Blockchain, NFTs, and Web 3.0

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

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After its investigation, The Guardian has confirmed that no organization cited on his resume "can find any record of him."
Should have named him "Adam Selene" — just obscure enough to get away with it (maybe not with Woz).
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  #374  
Old 01-04-2024, 06:04 PM
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Default Re: Blockchain, NFTs, and Web 3.0

How about Alan Smithee
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  #375  
Old 01-15-2024, 06:08 PM
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Default Re: Blockchain, NFTs, and Web 3.0

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
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