Domain: tiger-web1.srvr.media3.us SBF describes crypto as a Ponzi scheme 6 mo ago | Money Talk
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SBF describes crypto as a Ponzi scheme 6 mo ago

Posted on 11/22/22 at 10:53 am
Posted by cokebottleag
I’m a Santos Republican
Member since Aug 2011
24080 posts
Posted on 11/22/22 at 10:53 am
Youtube


ITT: Sam Bankman-Fried explains 6 months ago how crypto is a Ponzi scheme, gets called out, and his response is “ok boomer”.

Posted by Diseasefreeforall
Member since Oct 2012
7290 posts
Posted on 11/22/22 at 11:36 am to
Multiple skeptical Youtube channels showed that clip at the time.

The new Coffeezilla video has an interview with a guy who I guess was short FTT. He says him and his partner had a bunch of info on FTX being a house of cards that they took to Bloomberg in July hoping to get Bloomberg to do a story on it but Bloomberg told them no because it would have jeopardized Bloomberg's access to SBF and FTX and hurt their advertising revenue.
Posted by kaaj24
Dallas
Member since Jan 2010
895 posts
Posted on 11/22/22 at 11:58 am to
I’m glad I never invested. Hope people get out of cryptocurrency before they have nothing.
Posted by JKLazurus
Member since Jun 2016
261 posts
Posted on 11/22/22 at 8:26 pm to
quote:

He says him and his partner had a bunch of info on FTX being a house of cards that they took to Bloomberg in July hoping to get Bloomberg to do a story on it but Bloomberg told them no because it would have jeopardized Bloomberg's access to SBF and FTX and hurt their advertising revenue.


This is highly unlikely. Nobody at Bloomberg would be allowed to make that statement.
Posted by TDFreak
Coast to Coast - L.A. to Chicago
Member since Dec 2009
9103 posts
Posted on 11/23/22 at 7:19 am to
quote:

an interview with a guy who I guess was short FTT. He says him and his partner had a bunch of info on FTX being a house of cards that they took to Bloomberg in July hoping to get Bloomberg to do a story on it
So a guy had a short position and wanted Bloomberg do a hit piece on FTX for free. Hmmm.

Wow. It’s almost as if Bloomberg didn’t want to carry this guys water (nor lose advertising revenue).
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 11/25/22 at 9:38 pm to
Why not just post the actual podcast and hear the whole thing? If anyone cares to hear in full: LINK

I can’t believe all the crypto-tards were unaware…was huge on social media (fintwit) after it occurred.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52182 posts
Posted on 11/25/22 at 10:58 pm to
quote:

can’t believe all the crypto-tards were unaware…was huge on social media (fintwit) after it occurred.


Because they don't care that it was a ponzi. They are only in it for the money
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