zonezero

Why was it fraud and simply not irresponsibility?

I’m really shocked that simply asking the question was so vehemently down voted. Can’t even ask?

Gosh everyone, sounds like a witch hunt.

Like that guy who compared to a gas station or something. Really? You all must not know money or investments. I don’t either but I lived in NY and know those crazy guys who make money can be a bit eccentric.

People give them money because they know the game. If they make money in the end, like I’m pretty sure when all was said and done and the crypto market corrected, he was almost 500 million over expectations, not under!

I could be wrong, it’s a moving target and it’s hard to validate today. It only sounded like he didn’t “follow all the rules” which is different than fraudulent intentions.

Just my wondering dudes!

My take away was that he actually made everyone a boat load of money.

It appeared as though it was his lack of rigor and discipline (keeping books properly) which did him in, not dishonesty.

In the end, I had the impression there was a witch hunt for cons when the crypto market dipped.

Is that not how it was? I didn’t follow too closely and I’m not a fan or anything. It only seemed like he was an idealist born of privilege on cloud nine without appropriate formal training in finance.

What are you complaining about? The math has always been decades or sometimes centuries away from implementation.

This isn’t like fixing the plumbing. Each increment is so expensive due to the infrastructure investments, I think this is one of those things we can cross our fingers and hope for “some day” to eventually come.