Crypto ain’t cash, they can unravel the block chain and figure out the transactions. He can’t just disappear with a few mil and not be followed.
That’s not true of all crypto though, he could have disappeared with monero.
Comment on Why didn't SBF flee?
psmgx@lemmy.world 11 months ago
Everyone had been telling him he was the smartest guy in the room, and he thought he was. Plus BTC and crypto are still kinda in shaky legal status, and he’d made a lot of donations to politicians.
Crypto ain’t cash, they can unravel the block chain and figure out the transactions. He can’t just disappear with a few mil and not be followed.
You999@sh.itjust.works 11 months ago
Wodge@lemmy.world 11 months ago
That’s some peak crypto shilling “My Crypto is amazing for CRIME!”
You999@sh.itjust.works 11 months ago
How is me pointing out that their statement was incorrect shilling? Is it a crime now to want things to be factually accurate?
BrikoX@lemmy.zip 11 months ago
By US laws, fraud is fraud, it’s just a matter of which agency has jurisdiction over it based on if it’s classified as security or commodity.
AnarchistsForDemocracy@lemmy.world 11 months ago
If he can’t just disappear with a few mil and not be followed, then how smart can he be?
rockSlayer@lemmy.world 11 months ago
SBF was arrogant as fuck, and a bunch of rich people mistook it as eccentric genius so they started praising him as a genius. He did some very stupid things and he definitely isn’t a genius, but isn’t an idiot either. He’s smart enough to know when he’s got.
AnarchistsForDemocracy@lemmy.world 11 months ago
So he may have been just narcissistic and deluded himself his shit does’t stink.
theKalash@feddit.ch 11 months ago
No, everyone had been telling him he was the smartest guy in the room. He clearly wasn’t.
AnarchistsForDemocracy@lemmy.world 11 months ago
He was an MIT grad in physics and minor in math, his girlfriend was a mathmatician too. Clearly he must be intelligent. Maybe he wasn’t the genius everybody hailed him as. However if you are smart enough to understand topology and other math-related topics, I would assume that he would be smart enough to funnel money out to secret untraceable accounts, buy diamonds and stash them at strategic locations in numerous countries, have an exit strategy.
Why couldn’t he just have bought a submarine and flee to russia? Or just make a run for it on a regular boat?
I have a lot of trouble believing that if you have all that money, and you have at least as much smarts as the average math student, that you cannot extracate yourself from the situation he was in.
Stamets@lemmy.world 11 months ago
You are making a mistake that a lot of people do. Just because you are intelligent in one particular field doesn’t mean that knowledge applies elsewhere. Time and time again we’ve seen some insane theories from truly talented people. My go to example is Ben Carson is a world renowned doctor who pioneered and succeeded in a surgery no one ever could have thought possible. He also believes the pyramids were used to store grain.
theKalash@feddit.ch 11 months ago
Yes, depending on how hard he worked, properly a bit above average. But really it doesn’t say much.
Why? As you said he graduated in physics and maths. That seems more like something a lawyers or economists would know about.
But I agree. He should have been smart enough to at least hire someone to help him with that.
adespoton@lemmy.ca 11 months ago
What you are saying is that he had a head for numbers.
That says absolutely nothing about his ability to function in society. He had a personal world view that was extremely self-centred and ignored most US social values. The way he operated his businesses shows that he also had no clue how to responsibly manage a business; he left the wrong tasks to the wrong people and left tasks to others that were his responsibility as CEO. He felt that telling others that something was legal was just as good as actually making sure that the things he wanted to do actually WERE legal.
So… not delusional, just ignorant of pretty much everything outside his own narrow area of expertise, and assuming that his smarts at math automatically made him an expert at everything without actually learning the details of how everything else worked.
givesomefucks@lemmy.world 11 months ago
I think there’s one major flaw here:
You’re thinking about this as an average human.
When you have insane amounts of money, you get what you want.
He likely shopped around high price lawyers, but since he’s used to being told he’s right and a genius. He would have hired a law firm that agreed with him and said he’d be fine.
They likely knew better, but told him what he wanted to hear and took his money with a smile.
rtxn@lemmy.world 11 months ago
Intelligence doesn’t preclude stupidity.
He hadn’t gotten caught until he did, and even then, he believed he’d had a track record of getting away with anything.
HeyThisIsntTheYMCA@lemmy.world 11 months ago
Just FYI diamonds are not a good place to store money