Reddit Posts
SBF opens Aussie Blockchain Week as govt says we’re “open for business”
Yesterday's "leak" was an organised pump and dump
FTX CEO Donating $25 to Ukrainians is a good thing, but doesn't deserve widespread recognition
FTX gives $25 to every Ukrainian on the platform
Thought the Larry David Ad was brilliant? FTX marketing team has outdone themselves once again (Floating SBF head)
Young Crypto Whiz 'SBF' Backs Regulatory Oversight
You think maybe crypto is stagnating because...Pick One.
Senate Hearing On Crypto Live Now: Examining Digital Assets Risks, Regulation, and Innovation. FTX head SBF Set To Testify Soon
DEMO - No, streaming heavy 4k media from an L1 isn't impossible!
Mentions
Trumpi just released George Santos , so that really tells u that anything is possible in the US of A - i hope SBF rots in jail for years to come but with this Administration (White Collar Crime is suddenly no crime anymore) anything is possible unfortunately !
SBF is the reason there will never be another real crypto season for alts and retail.
Leveraged boys are gone. SBF pretty much printed money out of thin air that is why the 2020 pump existed.
I get the feeling, I felt this way in 2021-2022 when exchange after exchange crashed, bankruptcy, SBF plus knowing whales can move it any way they want. So I stopped trading it and just kept dca. Eventually every dip or pump we make most of my stuff is in the green. It’s all about getting past that mental fuckery and keep pushing.
Trump X SBF, what a force to be reckon with in the cryptosphere. philanthropist x peace president, MIA
what are the odds of SBF getting a pardon from trump?
Regarding CZ: Binance / CZ’s case wasn’t really about market manipulation or anything ETH-specific. The U.S. went after him for compliance failures - mainly not having proper anti-money-laundering and sanctions controls while serving U.S. customers. There was no fraud charge. He pled guilty to a BSA violation, paid a $50 M fine, stepped down as CEO, and served 4 months. **Binance itself paid $4.3 B to settle.** The “FTX bailout revenge” theory is popular, but the DOJ investigation into Binance started years before FTX collapsed. What FTX’s implosion likely did was accelerate the crackdown - Binance was the next big target. It’s fair to say U.S. laws were vague and applied extraterritorially. This was more about regulatory control and extracting a massive settlement than proving some criminal conspiracy. CZ wasn’t treated like SBF because these were compliance violations, not theft. Whether you see him as a villain or a victim depends on your view of U.S. financial regulation, but the prison time was short because the crime wasn’t that serious.
There was, [it was available to buy as IOUs for 2 years previous to launch before SBF P&Ded it](https://i.imgur.com/qfukq6O.jpeg).
It could be anything even SBF coming for revenge all I know is any bounce is probably a dead cat
What are you talking about. Unless you can point me to where they confiscated the $25M, there is no reason to believe it was confiscated. Case in point: Ulbricht, SBF, and sooooooo many others.
Have you seen their leaders? I don't trust them at all. They are the most uncharismatic people in this space. Right after SBF and others.
CZ has already been to jail once, hes not gonna do the same dumb shit SBF was doing
Do Kwon & SBF hates this little trick.
Trump has been horrible for crypto— outside of ETH & BTC. Compare your bags back to December to today and you’ll get a logical conclusion. Can’t keep fucking over retail and expect them to come back. He has successfully managed to make it look more scammy than SBF.
Even more important to have gold and silver as part of a healthy portfolio. Trump is gonna ruin crypto worse than SBF ever did
Yeah Binance is a scam. I prefer FTX. That SBF is such a smart guy. I trust him with my entire net worth.
Just look at Sam Bankman-Fried. Sure, SBF had the advantage of stealing others money but the basic principle applies. A man can get very wealthy gambling on shitcoins, determine that the reason is because he's a genius, and get extremely careless as a result.
You missed the crash due to SBF? Was something like this.
And his scammer family is unfortunately going to scar crypto forever. You think SBF was bad ??? Hahahaha
Google FTX and Sam Bankman-Fried (SBF). You’ll buy a cold wallet immediately lol.
It’s okay I sold the bottom April 2020 at 6k and then didn’t get back in until 30k , I got an opportunity to buy more when SBF when to prison and it dropped to 15k tho , you’ll get another opportunity for a dip just be patient
River totally sucks; I tried opening an account years ago and they froze it on me right after completing KYC. Told me to try again in 30 days. I contacted customer support and told them to just close the account. I received some junk mail from them asking me to try and open an account with them again. When I tried, they said there was an account already open with my information. I complained about it on Reddit, and one of the representatives told me they would look into it. Then they got back and said my account was closed and it can’t be opened again. River is ran by a bunch of people that don’t know what they are doing. Their proof of reserves are fake. I have a feeling they are underwater and gambling with other people’s money just like SBF over at FTX.
In 2020 the Democratic Party received 100 million dollars or OTHER peoples monies from Sam Bankman Fried as political contributions. SBF took pictures with the Biden administration and Elizabeth Warren and was wheeled around Washington as the Crypto guru and mega donor. When the fraud was exposed, Bitcoin crashed to 15k and thousands found out that their BTC was gone and their accounts were frozen. Many of the victims were so-called tech savvy young Dems who were following their leader. After the crash, the calls of FraudCoin and ShitCoin were everywhere. In 2024 the crypto industry raised 250 million to back more knowledgable and informed political candidates. Under the Trump administration you have the Genius Act and Stablecoin legislation, this could have never happened under a Biden or Harris administration. BTC has risen 45% since Trump took office, the crypto industry remembers Gary Gensler and Elizabeth Warrens CFTC, they will be working to hold their political gains in 2028.
And the biggest mistake investors made was believing in SBF and FTX.
In 2020 Sam Bankman Fried donated 100 million dollars of OTHERS peoples monies to primarily Democrat politicians. SBF took pictures with the Biden administration and Elizabeth Warren. SBF was trying to effect legislation and influence for his benefit only. The Dems paraded SBF like they owned the crypto industry. Unfortunately the scheme collapsed. Bitcoin fell to 15k and people were shocked that their BTC was stolen and accounts were frozen. Fast forward to 2024, David Sacks and Chamath held a fund raiser in San Francisco, they raised 12 million for candidate Trump. The crypto industry went on to raise 250 million in 2024 to elect more informed and knowledgable candidates. Since Trump took office, Bitcoin has risen 40%, the crypto industry will be working to hold their gains in 2026. PS, the Democrat politicians refused to return the stolen donations from Sam Bankman Fried.
I guess that’s a good point. What conditions created the btc dominance? I’d say SBF then Gary Genslers SEC, and Biden/Warren’s operation chokepoint 2.0 nuked alt coins. Which was was followed by a btc treasury company and btc etf Then 11 months ago we got a pro alt coin SEC, CFTC, executive branch and congress, genius act ect so we”ll see
SBF and Do Kwon will also be richer than us when they serve their sentences too.
Mandatory F SBF and Caroline 
In 2020 Sam Bankman Fried donated 100 million dollars of OTHER peoples money to primarily Democrat candidates. SBF took pictures with the Biden administration and Elizabeth Warren. The Democrats didn’t seem to have a crypto conflict in 2020. In fact, when Bankman Frieds scheme collapsed, the Democrats wouldn’t give the donations back. Bitcoin collapsed to 15k and people were shocked that their money was gone and their assets were frozen.
I thought it was shown that SBF was papering over the Bitcoin price to keep it suppressed before everything blew up?
All of this makes me wonder how crazy SBF would gave hone for an FTX IPO if he was not exposed.
I've heard rumblings about this but don't know any details, is it due to associates of SBF or something else?
Alts are dealing with a market saturation issue, and when you don’t have SBF this cycle. I seriously would like to know how 20/21 would’ve played out without Federal reserve printing 25% of dollars into existence…
most of the expo floor space is covered by mining companies, majority of them being chinese and some russian ones as well (this was the dubai setup atleast). as usual there are a few scam project booths sprinkled across the expo floor. do look out for side events happening, there will be like a [lu.ma](http://lu.ma) list or like a google sheets list floating around. Mostly btc conferences have more hustlers where as eeeeeth ones are more developer heavy with folks trying to build various projects on chain, that however has changed since people are trying to build projects and payment rails over the bitcoin blockchain as well. there is a video from BTC 2013 in miami where vitalik, charles, SBF etc are just walking around, chilling talking shit like little nerds in the background while random folks are being interviewed. The smokers corner will have the most interesting people as usual, smokers instantly start talking to each other, being Amsterdam it might more than just smokes.
tldr; Sam Bankman-Fried’s verified X account posted a 'gm' message, sparking speculation as federal inmates are not allowed direct social media access. The account later clarified that a friend posted on his behalf. Following the post, FTT, the native token of the bankrupt FTX exchange, surged 32% in value. SBF, serving a 25-year sentence for fraud, remains a controversial figure. Meanwhile, the FTX Recovery Trust filed a $1.1 billion lawsuit against Genesis Digital Assets, alleging preferential payments before FTX's collapse. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Michael Saylor was asked during an interview why he wants to open Bitcoin banks and why he's lobbying for the same loonie bank-first regulation Bitcoin has fought with since its inception. Regulation aimed to make self custody illegal or impossibly burdensome (collect KYC each time you send or receive crypto or else). I don't think I can post YouTube links here. Search [The Bitcoin revolution & risks with Michael Saylor Part Two] uploaded by Madison Malone. Timestamp is at 20m18s. The interviewer asks, wouldn't this idea centralize Bitcoin and increase the risk of seizure like we've seen with gold? Isn't that exactly what Bitcoiners don't want to happen? Saylor responds, **No I think it's the opposite. I think that when Bitcoin is held by a bunch of crypto-arnichists who aren't regulated entities, who don't acknowledge government, or don't acknowledge taxes, or don't acknowledge reporting requirements [laughs]. That increases the risk of seizure.** He continues about how self custody is a risk and China shut it down. "Bitcoiners" still call Saylor "Bitcoin Jesus" ffs. If no one was allowed to exchange their BTC for cash dollars, every exchange disappeared and the few alternatives left turned into FBI boneypots ..... or if everyone is allowed to spend BTC freely including no capital gains on small purchases ..... it makes a huge fucking difference. Part of cryptocurrency was to be brutally proactive. Plan for the impossible and use activism to build consensus. The biggest asshole with the most money speaks for us all now, and enough people *like it* that you run into real pushback even acknowledging the fact. SBF almost passed these same "banking regulations," and he personally helped write them. It was right before the final vote that news of his scandal broke, and news of all the 7/8/9-figure bribes he gave to the same party preparing to pass this vote. It was incredibly bad optics to pass 'the pull up the ladder behind FTX act' so it was all tabled until Jesus picked it up more recently. I think Saylor has a bit more sway in the community than SBF, a lot more money, and is less likely to put politicians in an impossible situation. For worse, the man has an agenda and no alternative to off ramp.
I really don't got the effort to explain all this, but you're misusing the term rug pull if you're referring to SBF. I'll post this so you can learn but I didn't write it "Based on his conviction for orchestrating a multi-billion dollar fraud, Sam Bankman-Fried (SBF) was found to have misappropriated customer funds, which is a form of stealing money from investors but is not a "rug pull" in the classic sense. A classic rug pull occurs when developers abandon a project and run off with investors' money. The FTX collapse was a far more complex and long-running fraud scheme"
At least Ramil Palafox spent the Bitcoin Fraud on Lamborghinis, luxury homes and designer goods. There is a chance that they will confiscate the loot and possibly return the funds to the victims. In 2022 Sam Bankman Fried donated over 100 million dollars of other peoples money to primarily Democrat politicians. SBF took pictures with the Biden administration and Elizabeth Warren. Before SBF could buy the last politician, his scheme collapsed. BTC fell to 15k and people were shocked that their funds were gone and their accounts were frozen. The irony is that the Democrats would not return the stolen funds.
It's not about the project or a particular token, but the founder. If SBF were truly the good gentleman he appeared to be in the documentary, FTX wouldnt have collapsed, and crypto would have been far less likely to enter a winter and we would probably have a more established crypto space by now.
Grrr Binance so shady. Grrr. I prefer FTX because SBF is such a smart guy. /s
OP, your characterization of why prices receded in 2022-23 are grossly inaccurate. how have you forgotten SBF f\*cking the market? prices crashed hard into may-june and then again into nov-dec
SBF knew exactly what he was doing that scum belongs behind bars
In 2022 Sam Bankman Fried donated 100 million dollars of OTHER peoples money to primarily the democrat party. SBF was trying to effect legislation and influence to help himself only. SBF took pictures with the Biden and Elizabeth Warren administration. Before SBF could buy the last politician, his scheme collapsed. Bitcoin fell to 15k and people were shocked that their coins were gone and their accounts were frozen. In June 2024, David Sacks and Chamath raised 12 million dollars for candidate Trump in San Francisco, the crypto industry went on to raise 250 million in 2024 for more educated and informed candidates. A year ago you had Gary Gensler and Liz Warrens CFTC de-banking and freezing crypto companies. Today you have Sacks, Cynthia Lummis, Lutnick and Vance. Bitcoin has risen 40% since Trump took office Sam Bankman Fried needed a pardon from Biden or Harris if she would have won. I hope the Trump family makes billions, at least they are building something. The democrats only want 1) political contributions 2) pre IPO stock allocations 3) jobs for donors and family.
tldr; Sam Bankman-Fried, former CEO of FTX, is appealing his 25-year prison sentence for seven felony counts related to the $8 billion collapse of the crypto exchange. His legal team argues the trial was flawed, claiming he was unfairly tried and customer funds were not permanently lost. SBF also alleges procedural injustice in FTX's Chapter 11 process. Oral arguments for the appeal are scheduled for Nov. 4, 2025. The case remains significant for both legal and crypto communities, with potential implications for the industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This guy has morals that would make SBF or Bernie Madoff blush . Good for him.
I gave up a good chunk of my life, my health, and my fortune to sell the idea that banking the unbanked was something we as a species really wanted to commit to. I woke up from the hospital surrounded by asshats begging the same institutions we were trying to disrupt to "please buy our bags, please!". Around the time Do Kwon and SBF were crashing the entire market it was too late for me to do anything about it anymore. Now everyone is jumping from Trump Meme Coins to his Permission Corp Chain instead of caring about anything meaningful.
Yeah SBF was the unknowing special needs kid put in the spot by Gary and SBF's parents. Kinda wild the government would do that.
Now that I think about it, there is no benefit for him in going against the Trump family, and he wouldnt jeopardise his relationship with the First Family for such a small, pathetic amount of money. Consider this: CZ, SBF, SZ, and DK all went in, yet he is the only one among them who remains clean. Maybe the truth isnt what the mainstream narrative is trying to tell us.
Lol not spreading fud. Everybody said the same thing about SBF
No, I actually mentioned the most important part, you skipped it in your initial post. If MSTR fails do you think it'll be smaller than SBF? Do you think it would affect the price in a positive way? They buy for speculation, Bitcoin isn't gold, gold has uses that can't be replaced, BTC does not. Even if gold wasn't a store of value, it would be valuable. It is definitely not the "hardest" money known to man, it is hard money though. It is not controlled by any single entity, no currency worth anything really is... Ugh, yeah BTC may be uncorruptable but not sure what that has to do with it. I am pro crypto and pro Satoshi but let's be real here...
Hence, I used “generally” because it was around there for a few weeks of the worst possible FUD campaign, FTX blowup an SBF trial. If you bought during that fiasco, you are feeling pretty good right now…
Yeah, let's totally ignore the *real corruption* that has been SBF, FTX and all the Democrats he was feeding,..like so many panicking rats when the ship went down...
BNB, because Binance is so shady. I prefer FTX. That SBF guy is such a smart guy. I trust him with my entire portfolio! Not like the _shady_ Binance.
Yeah better to use FTX. That SBF looks like a pretty smart and trustworthy fella.
Straight out of the SBF playbook
I don't like SOL for a number of reasons. First, the network sucks, they halt all the time. Second, running a Solana validator requires like a professional data center setup and it is insanely expensive. Third, SBF was investing a lot in Solana, which is not good just by itself and FTX estate has like a ton of SOL that is going to vest/unfreeze at some point and it will be dumped on the market. ETH is not ideal, but it did OK on all those points above: no halts, smooth operation even when merging or forking, running a validator is cheap and super easy, no links to shady exchanges, at least nothing intentional and hey, we now have spot ETH ETFs which will be soon adding staking. and we have ETH treasury companies. ETH is likely going to pump in a big way stablecoins run on both, so on that point it is probably a tie
Considering SBF is gunning for a pardon, this doesn’t shock me.
It was purely market manipulation by SBF. All of the information on how they created futures relaunch, inflated the price that way. And then shorted it all the way is public
They actually didn’t. You can look at the wallets it’s all public information. If you don’t know why the coin behaved that way when it launched you need to do some research. It’s not hard to find out what happen. Crazy that ppl still don’t know what Terra luna and SBF did to icp
its not as easy as you make out. sure nothing changed about bitcoin itself but you are talking about an era where guys like saylor didnt exist and institutions & countries werent buying billions worth of it every week. major political figures saw it as this internet fad that would go away. The sentiment now in 2025 towards btc is much different back then. It's accepted as a store of value now because it is. Back then few knew for sure. not to mention theres been black swan events. china ban, worry about other countries following, SBF/2022 causing a -70% dip. it's easy to look back at a certain point with it being at an ATH and being like "damn i couldve been rich" but
you lost me on SOL I'd say mostly BTC, with maybe a bit of ETH for fun no SOL, no SBF, no XRP
Oh the project could well be dead by then, I know. People don't much value technology in this space at all, just memecoins and airdrops. Dfinity made some terrible "if we build it they will come" presumptions back in 2016 while having more fixed costs than other projects, got absolutely boned by SBF at launch, all that on top of a ludicrous market that's sent FART into the billion cap club and reveres SOL despite them literally turning the chain off 8 times, all because that's where their memecoins and airdrops are farmed and gambled on. But you thinking Dfinity is a marketing scam chain is obscenely stupid given the death of marketing, plus Vitalik holding Dfinity in very high regard and having worked on stuff with Dominic in the past.
Do Kwon, Mashitsky and SBF walk into a bar...
If he had access to leverage i'd say SBF
Solana was SBF's playground for lining his pockets. He shilled it knowing the technology was crap. Untold down time and massively centralised. Ethereum wins hands down on fundamentals
SBF was such an utter piece of shit. Just an absolute cunt of a person. Whatever he ends up serving is too lenient. Never had any intention of even trying to do the right thing. Morally bereft with nothing approaching a redeeming feature.
Because a lot of shit pumped earlier than expected (coinciding with ai boom) back in 2023 and 2024 but a lot of our favorite alts ain’t doing much. The vc scams already had their yuge pumps and Solana saw like a 30x from its bottom (bottom around the time of the SBF thing).
Soylana is an insider corporate scam with extremely high inflation. Do you like getting dumped in by SBF?
tldr; Sam Bankman-Fried's (SBF) appeal hearing is set to begin the week of November 3, 2025, two years after his conviction on seven counts of fraud and conspiracy related to the collapse of the FTX exchange. SBF was sentenced to 25 years in prison in March 2024. His legal team is challenging the trial's fairness, evidence handling, and procedural issues, aiming for a new trial or reversal. If the Second Circuit upholds the conviction, SBF's options will narrow to rare legal reviews or appeals to the U.S. Supreme Court. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Every years low is higher than the previous except for 22 and 23. You could argue that was Covid/SBF related. I suspect the low will continue to rise each year. 26 will likely see a 100k+ low.
Lol ur saying the same thing people said about SBF before thr FTX collapse
In 2022 Sam Bankman Fried gave 100 million dollars of OTHERS peoples money to Biden and Elizabeth Warren. SBF was trying to effect legislation and contacts to benefit himself. SBFs scheme fell apart before he could buy the last politician. BTC dropped to 15k and investors were shocked that their accounts had been emptied and then frozen in litigation. SBF set the industry back for years. In June 2024, David Sacks and Chamath held a fund raiser in San Francisco for Trump. It was sold out and they raised 12 million dollars. The Crypto industry is filled with smart and intelligent people, they raised 160 million for the 2024 election cycle, I think they did well. Ironically, the Dems would not return the political donations.
Yes. Blackrock is a large financial institutional that manages a fund that is 100% Bitcoin +/- and cash coming in or out on any given day. Individuals buy or sell shares and get their proportional share of the overall fund. Several firms have similar such funds. Unlike crypto exchanges that don’t have same regulations the assets are held completely separate from the firm’s assets. (Note: this lack of segregation is what led to FTX collapse and SBF now wearing a striped jumpsuit). Should Blackrock fail these assets would still be there for clients to take elsewhere. If Blackrock absconds with client $$$. Individuals accounts have up to $500k in insurance per account.
In 2022 Sam Bankman Fried gave 100 million of OTHER people’s money to the Biden administration, Elizabeth Warren and predominantly Dem politicians. SBF was trying to effect legislation and influence to benefit himself. SBFs scheme collapsed before he could buy the last politician. BTC sank to 15k and the thought of investors getting their BTC stolen or frozen set the industry back years. In June 2024, David Sacks and Chamath held a fund raiser for Trump in San Francisco, it was sold out and they raised 12 million dollars. The Crypto industry raised 160 million in the 2024 election cycle to elect better informed and smarter politicians. Six months ago, the industry had Gary Gensler and Elizabeth Warrens CFTC obstructing and de-monetizing the Cryptocurrency Industry. Silvergate Bank was shut down and the Winkelvoss twins were down to their last checking account. The Biden administration had sent out 24 “pause letters “ to choke off the industry. In the last 6 months you have had the Genius Act and other legislation to clarify Crypto regulations. Since election night 2024, Bitcoin has risen 45%, the industry is helping all of us.
I'd argue that the blockchain is the worst place to try to run FTX style crime. Sam tried to save Alameda and within a few months was exposed. Enron and Madoff went years longer but weren't discovered. I'd argue that the blockchain enabled Twitter sleuths to call out SBF's shit. Also, those economic crashes are kind of healthy. They allow new people to get in at good prices. They flush out leverage. "When the tide goes in you find out who's swimming naked". How much fraud is in our current system? We haven't found out because when the tide goes in, we print off hundreds of billions of dollars and make everyone whole. "Too big to fail" is the biggest scam in history.
No. One of their newly purchased subsidiaries, a US based BTC options exchange that was federally regulated (the ONLY exchange you could take BTC loans on w/ out buying ETFs which was destroyed by SBF), got a look at FTX books and their compliance department was federally required to report to the CFTC/SEC/FBI that FTX didn't have \_any\_ controls or books of record. That subsidiary has since been bought and is now part of the ETF options ecosystem which essentially feeds more money to US middleman. All thanks to SBF, the lying wanker.
This starts by comparing Roman Storm to SBF and other scammers. Complete bullshit.
In 2022 Sam Bankman Fried was giving 100 million of OTHER peoples money to Elizabeth Warren and primarily DNC politicians. SBF was attempting to effect legislation and influence to help himself. The scheme fell apart and BTC dropped to 15k, ironically, the politicians didn’t return the political donations. Elizabeth Warren and her party were not smart enough to build and create something in the Crypto space. Warren and her party tend to enrich themselves by 1) political donations. 2) pre IPO stock allocations. 3) jobs for their family and donors. 4) speaking fees. The rage is not that the White House has turned on the “Crypto Cash Machine “, it is that she is not in on it.
In 2022, Sam Bankman Fried gave 100 million dollars of OTHER peoples money to primarily Democrats. SBF was trying to buy influence and legislation to benefit himself. Bankman Frieds fraud collapsed while he was taking pictures with Liz Warren and the Bidens. The fear of the depositors stolen funds drove Bitcoin to 15,000, SBF set Crypto back years. The good thing about the Crypto industry is that they are smart and informed. David Sacks and Chamath had a fund raiser for Trump in June 2024, they raised 12 million dollars. The Crypto industry raised 160 million in 2024 for Crypto educated and experienced politicians. The Trump administration has several members from the Crypto industry. Since election night 2024, Bitcoin is up 45%, the industry picked well.
Coinbase keeps falling over themselves to give the Trump admin donations for all sorts of things. Same goes for the Winklevoss Twins. This feels a lot like when Google removed the "do no harm" from their motto, and starting installing government taps in their server rooms directly. Deciphering the blockchain is a whole lot easier when you've got the two largest exchanges onboard to share IDs, inbound addresses, etc. And then have a ton of historical data from SBF and CZ.
I still watch that SBF video on LinkedIn every now and then. The one that says he’s a generous person and cringe 😬 a smirky laugh. What a F* crook. Their hollow newsletter is offline: blog .ftx. com Recently, Nas Daily, the famous vlogging channel run by Nuseir Yassin, published a video about Sam Bankman Fried that attracted much attention. Sam is a 29-year old billionaire living in the Bahamas who, in that video, was termed the most generous billionaire in the world. Despite having a net worth of 22 billion dollars, he shares his room with 10 other roommates. Despite being extremely rich, Sam doesn’t feel like living a life of luxury, rather he wants to use his money for charitable purposes in order to improve the life of the downtrodden people. Sam dreamt of becoming quite rich from his childhood but not for the reasons most people want to get rich. Sam had a totally different reason. He wanted to give all his money to charity. After graduating from the prestigious Massachusetts Institute of Technology, Sam embarked on a journey towards wealth. Due to his shrewdness, Sam got involved in Bitcoin trading and later on, became a full-time crypto trader. He created his own company later for cryptocurrency trading known as FTX, and later on, this FTX became one of the biggest and most successful places to trade cryptocurrency within a very short period of time. His company went on to become worth over 40 billion dollars. This all happened when Sam was still in his 20's. In fact, he has still not reached 30 yet. But contrary to the money hungry traditional billionaires, Sam's philosophy on life is totally different. He likes to earn in order to give the money away for the helpless people. In Sam's own words ‘Earning’ to give refers to the causes and charities that save the most lives per dollar. In 2021, Sam donated 50 million dollars and from this year onwards, he plans to give away 500 million dollars per year. He even has a goal set for the amount that he is going to give away next decade and it is more than 10 billion dollars. He wants to do the most good to the world in his ability and he is funding for the cause of some of the biggest events in earth like global warming, precautions and preparedness for the Coronavirus pandemic, the overlooked diseases of the tropical regions and Animal Welfare, the last one is the reason for which Sam plans to remain a vegan. Sam, despite his wealth, still uses a Toyota Corolla car and has no intention of changing it anytime in the future. Sam is a glowing example for Billionaires across the world i.e. earning a lot of money can translate to helping a lot of people around the world.
Well ya we’d love that. But… in my experience it’ll shoot up quicky to ATH hover there just long enough to tempt exit liquidity, double top, and the dump will commence even faster than the parabolic run up. If you’re here to make money, make sure you do that. If you’re here to hold sui for another 4-8 years and really explore the ecosystem with it go for it. Me personally I go into cash when it feels like new paradigm such and such crypto will change everything. Zig while everyone zags, it’s simple, just not always easy. Anyone remember when SBF happened? BTC was 14k started buying it again, average cost this cycle was 26k sold at 100k moved into with hopes of the alt seas… we shall see, I’m up now but would like to hold until ATH at least before scale out of it.
In 2023 Sam Bankman Fried donated 100 million of OTHER people’s money’s to mostly Democrat politicians. SBF was attempting to influence legislation and influence to help himself. SBF’s collapse was swift and he never had time to effect change. The Democrats politicians didn’t even return the stolen funds. The Democratic Party tends to want 1) political contributions 2) stock allocations on IPOs 3) speaking fees 4) jobs for their families. Since the DNC was not allowed to monitize the Crypto industry, they are attempting to slow or delay the industry. In June 2024, David Sacks and Chamath held a fund raiser for Donald Trump in San Francisco, they sold the fund raiser out and raised 12 million for Trump. The Crypto industry raised 160 million in 2024 to elect a better educated and better informed administration. Six months ago you had Gary Gensler, and Liz Warrens CFTC putting pressure on the banking industry and the crypto industry. We now have JD Vance, Lutnick, David Sacks and Cynthia Loomis driving innovation and leadership on a national stage.
SBF was a blue team plant to inflate, discredit and then destroy crypto. he was a useful idiot. it almost worked but ultimately just made it more obvious that BTC was the superior neutral money and most everything else was a shitcoin. stable coins are also shitcoins, but they will help the US sell more debt to more people who will prefer it over local currency for savings and enjoy the lower friction of being digital for payments.
That's impossible there's not a make up artist in this universe to make her look that ugly. They gonna have to run her face down through a cactus field up and down the himalayas through a gazillion pot holes and an industrial steel press to even get a remote likeness. Fucking hell even SBF is finding his prison inmates supermodels compared to that butt ugly mug.
I think it's also a bit of "the repubs like it so we must hate it" kind of thing - crypto went in big for Trump last election so according to tribal logic it must be bad to blue team. Also the crypto values of uncancellability and free speech don't really fit the nanny state ethos of blue team, which is full of expert trusters and multiple vax booster acquirers. Probably why they were down on it from the beginning and why crypto ended up going for Trump. You'll recall that originally, SBF was the givingest guy ever to blue team. Maybe because of him, maybe because of the values thing, blue team has really ended up hating crypto, which is admittedly full of shitcoins
Fraud is the answer. Justin Sun is pretty much SBF 2.0 waiting to happen.
They said the same thing about SBF
SBF will make Sol never gain legitimacy. ETH is expensive to use. I don't really care about ADA, but I do care about the crypto space. Came here to see if ADA offers anything by way of speed, anonymity, and defi that's different than anyone else, because I agree, they can't just keep taking the Steve Jobs approach and hoping people will buy in. You gotta deliver a product eventually.
TRX is shady, so is huobi and fucking Justin.. not a surprise the most USDT was minted on TRX…and if you’ll remember…Alameda research at one point held a massive amount of USDT..Aka, FTX and our boy SBF…totally cool though…
SBF's whole origin story is extremely sus. Including this.
Maybe you got into crypto this year, but if so you missed a lot. From SBF getting the campaign finance charges dropped, Wells Notices for everyone from Uniswap to Coinbase, endless lawsuits, debanking, Roman Storm prosecution, IRS broker rule, shutdown of Signature Bank, SigNet being thrown away. The Biden admin was absolutely insanely against crypto.
Last time I played loan games with Gemini, SBF took off with the bag and Gemini took nearly 2 years to return my funds. Kick me once…
I would need to know more about your personal finances and your life to give you an answer. But I’ll tell you that I continuously borrow money to buy BTC and it’s worked amazingly well for me. First time I did it was following the FTX/SBF scam so BTC dropped bad down to $17k. I took out a $17k personal loan and bought a whole coin. Then I took out zero % credit cards and put life expenses on those while investing the cash I would have spent on life. So those are basically BTC backed credit cards. I roll over after the 0% period is done. 3% each rollover so as long as BTC gains 3% a year, I’m winning. Easy math. Lastly, a couple months ago I found out I could take a line of credit against my BOA credit card. So I did. Borrowed another $18k and threw it all in BTC. The strategy works but you can’t bitch up and start fearing the debt. If you sell your BTC to pay the debt off, then you failed. So my personal finances & budget comes down to this… make enough money to service the debt and if I never have to touch the BTC then I can’t lose.
Fuck that prick Mashinsky he gonna rot in prison with SBF and be some overweight hillbillys prison bitch. Will be good if screwed over clients get something out of this, but most likely get eaten away with lawyer fees and tax. But good to know there's potential for another distribution.