Sam Bankman-Fried is going to prison. The crypto industry isn’t any better for it
theguardian.com · Mar 28
There have been no changes since the ex-mogul’s conviction as lawmakers fail to pass regulations to protect the public
My article for The Guardian just dropped.
"With no changes to how the industry operates and no watchdogs to check the abuse and greed that have defined it over its now-15 years of existence, we are doomed to see history repeat itself. More Bankman-Frieds will emerge to take his place, drawn by the promise of easy money and the low likelihood of consequences."
My article for The Guardian just dropped.
"With no changes to how the industry operates and no watchdogs to check the abuse and greed that have defined it over its now-15 years of existence, we are doomed to see history repeat itself. More Bankman-Frieds will emerge to take his place, drawn by the promise of easy money and the low likelihood of consequences."
My article for The Guardian just dropped.
"With no changes to how the industry operates and no watchdogs to check the abuse and greed that have defined it over its now-15 years of existence, we are doomed to see history repeat itself. More Bankman-Frieds will emerge to take his place, drawn by the promise of easy money and the low likelihood of consequences."
My article for The Guardian just dropped.
"With no changes to how the industry operates and no watchdogs to check the abuse and greed that have defined it over its now-15 years of existence, we are doomed to see history repeat itself. More Bankman-Frieds will emerge to take his place, drawn by the promise of easy money and the low likelihood of consequences."
My article for The Guardian just dropped.
"With no changes to how the industry operates and no watchdogs to check the abuse and greed that have defined it over its now-15 years of existence, we are doomed to see history repeat itself. More Bankman-Frieds will emerge to take his place, drawn by the promise of easy money and the low likelihood of consequences."
My article for The Guardian just dropped.
"With no changes to how the industry operates and no watchdogs to check the abuse and greed that have defined it over its now-15 years of existence, we are doomed to see history repeat itself. More Bankman-Frieds will emerge to take his place, drawn by the promise of easy money and the low likelihood of consequences."
My article for The Guardian just dropped.
"With no changes to how the industry operates and no watchdogs to check the abuse and greed that have defined it over its now-15 years of existence, we are doomed to see history repeat itself. More Bankman-Frieds will emerge to take his place, drawn by the promise of easy money and the low likelihood of consequences."
My article for The Guardian just dropped.
"With no changes to how the industry operates and no watchdogs to check the abuse and greed that have defined it over its now-15 years of existence, we are doomed to see history repeat itself. More Bankman-Frieds will emerge to take his place, drawn by the promise of easy money and the low likelihood of consequences."
My article for The Guardian just dropped.
"With no changes to how the industry operates and no watchdogs to check the abuse and greed that have defined it over its now-15 years of existence, we are doomed to see history repeat itself. More Bankman-Frieds will emerge to take his place, drawn by the promise of easy money and the low likelihood of consequences."
The reality is that Crypto is a scam. There is no way to fix it. What we need to figure out is how to stop it. I would have thought it should be through regulation, but it is happening too slowly. Instead we are just seeing new variations of the theme. The next Crypto, NFT idea that supposedly this time is for the good and not a scam. How long is this going to continue?