www.citationneeded.news/issue-52/ Bitcoin's spiking — are we in for another round of crypto mania? I also go through Sam Bankman-Fried's sentencing memorandum, in which he asks for 6 years imprisonment instead of the recommended 100, and the 29 people who wrote letters in support. - ThreadSky

molly.wiki • 400 days ago

https://www.citationneeded.news/issue-52/

Bitcoin's spiking — are we in for another round of crypto mania? I also go through Sam Bankman-Fried's sentencing memorandum, in which he asks for 6 years imprisonment instead of the recommended 100, and the 29 people who wrote letters in support.

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thomasfuchs.at•400 days ago

Can't wait for the sequel to Crypto Winter

alecjkm.net•400 days ago

I've been trying to sign up for the newsletter using the email generated for me by the Omnivore read it later app but I'm not getting the initial confirmation link... It worked until I accidentally unsubscribed from ghost instead of substance and hasn't gotten in since...

bonenberger.bsky.social•400 days ago

I’ve heard many people explain to me that bitcoin is their hedge against the collapse of the U.S. and the dollar, things that if they were to happen would almost certainly be accompanied by difficulty accessing the internet (among other services). Ill-considered speculation in other words

haredurer.bsky.social•400 days ago

And Bitcoin dropped during the recent inflation and is only up again in hopes of interest rates coming down again. Does the opposite of what’s promised.

bigfatbartolocolon.bsky.social•400 days ago

we already have a fake hedge for that, it's called gold

bonenberger.bsky.social•400 days ago

Say what you will about gold — there’s plenty to say and little good — if you go to a tribal area in Afghanistan you will be able to exchange gold for food or a horse or something. They uh don’t have cell phone coverage in the mountains so good luck explaining the bitcoin thing

haredurer.bsky.social•400 days ago

Gold is also useful for jewelry and electronics

reidwalley.bsky.social•400 days ago

Gold is the best for crafting beautiful jewelry and to help power my smartphone 💪

reidwalley.bsky.social•399 days ago

I could be wrong, but I don't see the connection between "collapse of the U.S. and the dollar" and "difficulty accessing the internet (among other services)."

What am I missing?

bonenberger.bsky.social•399 days ago

Everything becoming much more expensive in the long term as statelets developed militaries and regulatory mechanisms, and in the short term, the destruction of basic infrastructure (the power grid would be a top target) in the fighting that would almost certainly accompany the collapse

reidwalley.bsky.social•399 days ago

If it comes to this, then what you really need is guns, ammo, food, and property. See The Walking Dead for an example.

300ps.bsky.social•400 days ago

Scam alert level red, has anyone plotted scams versus bitcoin price

molly.wiki•400 days ago

These are the 29 people who wrote letters in support of Sam Bankman-Fried's request for a lenient sentence. As you might expect, Stanford is well represented, as are members of the effective altruist community.

rassbariaw.bsky.social•400 days ago

He thought he could outsmart regulators

He thought he could outsmart retail investors

He thought he could outsmart his co-workers and co-conspirators

He thought he could outsmart the prosecutors

He thought he could outsmart the jury

Now he pleads for leniency

Undeserving

johncastiglione.bsky.social•400 days ago

Takes some guts to have a person with the last name "Mark" as one of your character witnesses.

owallstromer.bsky.social•400 days ago

Yeah, this sounds like an excellent character witness: a cop who used his power to abuse kids sexually.

navigatorbr.bsky.social•400 days ago

Pro tip for Sam: Be instantly suspicious of a cop you encounter in jail, because that dude had to fuck up badly to land in jail.

Likely a *terrible* character witness.

molly.wiki•400 days ago

He's a fellow inmate in SBF's unit. I wonder if perhaps he was the only one willing to write a letter, or maybe they thought his cop background would be helpful?

thomashansen.bsky.social•400 days ago

Legendary stuff…

owallstromer.bsky.social•400 days ago

"Your honor, I am a former cop, so I know criminals. This man is no criminal, no more than I am. We bonded over our shared love for misunderstood internet activities that some people sadly are misconstruing as 'illegal'."

gearoidmm.bsky.social•400 days ago

I spotted that too. That was wild.

wqkone.bsky.social•400 days ago

Is Kat Woods an alternative spelling of Cathie Wood?

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