Emeritus Prof Christopher May on Nostr: Perhaps the conviction of #SamBankmanFried for #Fraud will allow more people to see ...
Perhaps the conviction of #SamBankmanFried for #Fraud will allow more people to see #crypto as the #ponzischeme that it is.
But the lure of free money, as always, will encourage the foolish (and/or greedy) to continue to bet on crypto's financial gyrations.
The lesson that 'if something looks too good to be true, then it isn't' still applies to the idea that somehow you can get rich quick by dabbling in crypto.
There may be legitimate reasons for its use, but these were far from SBF's mind!
But the lure of free money, as always, will encourage the foolish (and/or greedy) to continue to bet on crypto's financial gyrations.
The lesson that 'if something looks too good to be true, then it isn't' still applies to the idea that somehow you can get rich quick by dabbling in crypto.
There may be legitimate reasons for its use, but these were far from SBF's mind!