9 votes

Crypto Twitter found Sam Bankman-Fried's fraud

6 comments

  1. R3qn65
    Link
    I like the concept, in some senses, but his sources are very sketchy on the political side of things. I think his point is much stronger when he's talking about Twitter's involvement than it is...

    I like the concept, in some senses, but his sources are very sketchy on the political side of things. I think his point is much stronger when he's talking about Twitter's involvement than it is when he's talking about the government.

    It’s admitted that [Bankman-Fried] was one of the people most responsible for putting Joe Biden in the White House,

    They didn't copy over, but the author cites two sources in this snippet. One is a transcript of an interview in which the interviewer is telling Bankman-Fried that he helped put Biden in the white house (as part of a question) and the other source is a person who tweeted a screenshot of that transcript.

    Obviously, that's unsatisfactory.

    25 votes
  2. [4]
    skybrian
    Link
    I didn't read the whole thing, but this comparison of Twitter commenters to superheroes is greatly exaggerated. They can expose a fraud (assuming anyone listens), but they have no real-world power...

    I didn't read the whole thing, but this comparison of Twitter commenters to superheroes is greatly exaggerated. They can expose a fraud (assuming anyone listens), but they have no real-world power and can't actually stop any criminals from disappearing with the money. You need a justice system with the power and legitimacy to arrest people and put them on trial for that.

    (You might have noticed all the people trying to take down Tether and getting nowhere.)

    17 votes
    1. [3]
      Pioneer
      Link Parent
      I got the jist that this person may not have been around for the great, "we did it Reddit!" when Boston, US got bombed. The Internet has collective bunches of people doing insanely amazing work...

      I got the jist that this person may not have been around for the great, "we did it Reddit!" when Boston, US got bombed.

      The Internet has collective bunches of people doing insanely amazing work for philanthropic purposes, but that does get bent out of place sometimes if we aren't careful.

      I do begrudgingly accept that Musk taking over Twitter seems to be about silencing dissenting voices mind. Even if that is me and my tinfoil hat of "never engage in social media anyway" approach to the Internet.

      16 votes
      1. [2]
        Comment deleted by author
        Link Parent
        1. Pioneer
          Link Parent
          I remember I was a few years into Reddit when it happened, I think it's what made me quite wary of the power of social media. The descent into witchhunts and extremist reactionary behaviour that...

          I remember I was a few years into Reddit when it happened, I think it's what made me quite wary of the power of social media. The descent into witchhunts and extremist reactionary behaviour that has subsequently invaded modern society collectively feels like it stems from there.

          Thanks for the addition to my comment mate, I forget that some folks just weren't around for that period of the Internet.

          7 votes
      2. BitsMcBytes
        Link Parent
        Maybe but I’m doubtful for a few reasons: Balaji is chronically online, often posting receipts from things the internet tends to forget about (example: 2016 when there was a narrative that Moderna...

        I got the jist that this person may not have been around for the great, "we did it Reddit!"

        Maybe but I’m doubtful for a few reasons:

        5 votes
  3. BitsMcBytes
    Link
    From the author:

    From the author:

    Congress blew him kisses.
    Journalists gave him applause.
    Regulators promised to take no action.
    So it was only Crypto Twitter that uncovered his deception.

    Read the actual history of what happened with Sam Bankman-Fried, before it gets memory holed.