Interestingly crypto-coins Bitcoin and Ethereum have both gone up
generally since the arrest announcement per Barron's, the opposite of what I would have expected (i.e. fears over this all being a scam prompt people to pull out)https://www.barrons.com/articles/oil-pr ... 1670924073
(Don't have access to the full article, just the price summary)
Any idea why?
I think something about crypto might just rot your brain...
Maybe it generally makes you think you're above all rules and regulation, because in a way with crypto, if you run it, you are the regulator (from a bit of research I've been doing over the past month on all this)
Balaji Srivinasan, a crypto-investor/tech founder who's been making the podcast rounds over the last year around his new book The Network State said this which seems relevant: https://twitter.com/balajis/status/1454027585281662978
Crypto makes progressives more libertarian and libertarians more progressive.
Progressives discover that you can build stateless money. Libertarians discover that you then need to rebuild something much like a state: identity, reputation, anti-fraud, custody, trust, community…
For me (generally leaning more libertarian, its an important reminder that there's a reason states, or at least some type of trusted system exists, even if no one system is completely trustworthy.
He also tweeted today on the situation, claiming that it was only public outcry, like Coffeezilla's investigation of SBF, that led to yesterday's action:https://twitter.com/balajis/status/1602534896442159104
Obviously, without the massive outcry, they would have let him continue his Good Morning America tour.
That’s why SBF skated for more than a month after stealing billions.
Only public protest forced arrest.
Have any of you listened to Lex Fridman's podcast interview with Coffeezilla about SBF and FTX?: https://www.youtube.com/watch?v=hi9Rf0oLdHk