I honestly still believe the hype and feel this way about SBF. Call me naive but I think he is a good person. Sometimes good people do really stupid things. Sometimes if you just think about the numbers and financial system you can make yourself believe that you are doing “clever accounting”. It seems this was likely fraudulent although much remains to be disclosed. That’s why I am so disappointed. I really think he would have been a good leader and done great things. Additionally, this space will pay such a price for what he is done.

Counterpoint: Maybe he was egocentric and if not an outright grifter, someone who played it fast because they thought they had the midas touch. Believing that “only I” can make these choices and take these risks because I am so talented those things will never happen to me.

All around, it has been a pretty bad week for SBF, Crypto and alternative finance.