A look at all the warning signs, and indications of his character, that showed how the tale of SBF would ultimately end.
“People want an authority to tell them how to value things, but they choose this authority not based on facts or results –– they choose it because it seems authoritative or familiar.” Going Infinite: The Rise and Fall of a New Tycoon,
Perhaps, it is because Bankman-Fried was someone they understood. He was an insider, who –– like them –– saw crypto as a community they could capitalize on, rather than an an ecosystem to nourish.of Bankman-Fried, wrote that the Bay Area native doesn’t look like the most powerful man in crypto. But is that really true?
One need not look further than the praise given to him by Kevin O’Leary, saying “I'm a big advocate for Sam because he has two parents that are compliance lawyers." the Shark Tank investor said This quote shows that the investors of Bankman-Fried didn’t view the crypto community as serious. To them, crypto itself has the same societal significance to getting three sets of cherries in a row on a slot machine in a Vegas casino. Better to invest in the casino rather than the photos of cherries.
To them, a mission is as significant as making a “charity,” or going on a service trip in high school to look good for an ivy league admissions officer. It is just part of “the game.”statements criticizing bitcoin, for being “slow, and bulky.” Keep in mind, the bitcoin community not only birthed crypto, but are –– forMoreover, Bankman-Fried sought to influence legislation that would impact the earnest bitcoiners.
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