Column: Crypto tycoon Sam Bankman-Fried didn't lose a $16-billion fortune. His 'fortune' was never real
Sam Bankman-Fried's $16-billion fortune was always a myth. The mystery is why venture firms and the financial press thought it existed.

More specifically here, folks need to know the implications of buying proprietary tokens. Most tokens are not considered full blown currency (like Bitcoin or Ether) and do not have the same liquidity that the proper cryptocurrencies haveare you kidding me??
so do you think paper dollars are REAL MONEY???
Lots of mindfuckery in economics to keep people confused..
Keep reading my posts for cues on how the world really works..
If you a blue pill takin ass .. then it will be wise
to put me on IGNORE...
I encourage it...!!
More specifically here, folks need to know the implications of buying proprietary tokens. Most tokens are not considered full blown currency (like Bitcoin or Ether) and do not have the same liquidity that the proper cryptocurrencies have
No you're just wrong and you don't understand the value proposition of real utility tokens, and that's a personal failure. Bitcoin is "digital gold" but it's not even useful as a currency because of the necessity of inflation in a system of capitalism where workers need motivation to continue to work, to produce, and to consume. I'm not about to argue this shit though, time is the arbiter of truth. In the meantime outside investments keep going into crypto projects I'm not about to divulge, in spite of this deep and what will be a protracted bear market reset.Anything beyond the OG crypto is most likely a scam coin or a pyramid scam/Ponzi scheme. It's really hard to catch crypto scams till the money runs dry, crypto companies looking for big backers and celebrities is a big red flag people always miss as business as usual.
Your money is definitely real. You transferred it from your account to theirs. They offered you fake money. Their money isn’t real. You gave up real money for fake money.I'm confused....did crypto money exist or not?
How much you lose bro you came off just like my friend who him and his family lost the farm betting on FTX, and no I am not wrong I have been in this game for a minute even got the chance to got to class for the blockchain and constantly get the course updates and get to see the inner working of this shit and truth be told I was expecting this alot sooner. The proof is in all these collapses of new tokens and all their inner workings coming out. Most don't want to except the truth in it but, it's there most don't not want to do the real research out of laziness or just scared of what they might find. People still don't understand crypto but will throw their savings at it in the hopes of making millions quick and easy but become prey to scammers to something that has no regulation which means if they lose it's gone forever period. There are 21K+ crypto coins out there which is one to many and easy for scam artist to take advantage of.No you're just wrong and you don't understand the value proposition of real utility tokens, and that's a personal failure. Bitcoin is "digital gold" but it's not even useful as a currency because of the necessity of inflation in a system of capitalism where workers need motivation to continue to work, to produce, and to consume. I'm not about to argue this shit though, time is the arbiter of truth. In the meantime outside investments keep going into crypto projects I'm not about to divulge, in spite of this deep and what will be a protracted bear market reset.
I skipped right past his post once I saw “fiat currency”. People who talk like that rarely have wisdom in their noggin. Just random quotes about Dr. Sebi and your obligatory antisemitism.How much you lose bro you came off just like my friend who him and his family lost the farm betting on FTX, and no I am not wrong I have been in this game for a minute even got the chance to got to class for the blockchain and constantly get the course updates and get to see the inner working of this shit and truth be told I was expecting this alot sooner. The proof is in all these collapses of new tokens and all their inner workings coming out. Most don't want to except the truth in it but, it's there most don't not want to do the real research out of laziness or just scared of what they might find. People still don't understand crypto but will throw their savings at it in the hopes of making millions quick and easy but become prey to scammers to something that has no regulation which means if they lose it's gone forever period. There are 21K+ crypto coins out there which is one to many and easy for scam artist to take advantage of.
How much you lose bro you came off just like my friend who him and his family lost the farm betting on FTX, and no I am not wrong I have been in this game for a minute even got the chance to got to class for the blockchain and constantly get the course updates and get to see the inner working of this shit and truth be told I was expecting this alot sooner. The proof is in all these collapses of new tokens and all their inner workings coming out. Most don't want to except the truth in it but, it's there most don't not want to do the real research out of laziness or just scared of what they might find. People still don't understand crypto but will throw their savings at it in the hopes of making millions quick and easy but become prey to scammers to something that has no regulation which means if they lose it's gone forever period. There are 21K+ crypto coins out there which is one to many and easy for scam artist to take advantage of.
So do I youngin.of course your "friend" would get caught out there with his pants down, look at his associates. Like I said I'm not about to argue believe whatever you want
. I've seen this all before, this is what I do little fella.
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Sam Bankman-Fried's lawyers reveal his planned testimony in FTX fraud trial
Bankman-Fried faces seven criminal counts, including wire fraud, securities fraud and money laundering, that could land him in prison for more than 100 years.www.cnbc.com
man people are fucking stupid!!!! People literally traded they real money for fake money. Sam and them took the real money and went lived it up lol.Your money is definitely real. You transferred it from your account to theirs. They offered you fake money. Their money isn’t real. You gave up real money for fake money.
good for you.
There was never honor amongst thieves. That something a group of genocidal thieves had forced down the minds of the people of their nation.His own girlfriend and former friends testified against him in order to get reduced sentences. Damn their is no honor among thieves anymore. But I guess that is how the feds and prosecutors operate by simply divided and conquer. They offer the best one time deal for significantly reduced sentence for the person that talks 1st in providing info on the other accomplices in the crime committed.
I'm not sure how as a person I would act or do in that situation especially if your childhood friends.