Post AbR0WRJ512a35K81ei by ike_seblon@mastodon.social
(DIR) More posts by ike_seblon@mastodon.social
(DIR) Post #AbQjrR2dUyPl7frYDA by stux@mstdn.social
2023-11-03T13:06:32Z
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Haha oooh....Many news outlets be like:"Sam Bankman Fried who first earned billions and no goes to jail"No. He did never "earn billions" but stole it from customersAccurate reporting is so hard huh
(DIR) Post #AbQjtIQMVaiwyYqceu by stux@mstdn.social
2023-11-03T13:06:56Z
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Everything for clicks these days :bloblaugh:
(DIR) Post #AbQk0zQX1XHiNDazeC by datacop@literatur.social
2023-11-03T13:08:13Z
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@stux to their defence, It's really hard to distinguish these days.
(DIR) Post #AbQk5kPKIEbXEuIhE0 by collectifission@greennuclear.online
2023-11-03T13:08:10Z
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@stux A fedi-news outlet when?Decentralised, community owned, not ad driven... That actually sounds like a great idea for reporting news.
(DIR) Post #AbQk5l6ZhRCPP2XEdU by stux@mstdn.social
2023-11-03T13:09:02Z
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@collectifission Haha not from me :blobcatgiggle: People can eat me alive as is, i dont wanna know in a news form 😆
(DIR) Post #AbQkLc6Cx1zG6YvK2S by stux@mstdn.social
2023-11-03T13:12:07Z
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He was found guilty for all 7 charges btw :blobcheerwitch: Finally some accountability strikes down in the world of scamming cryptocurrency
(DIR) Post #AbQkT7ysoV170n53Jo by guncelawits@mastodon.social
2023-11-03T13:13:25Z
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@stux Yes! You can’t earn billions. You can fast-talk it out of investors, you can exploit it out of workers, you can strip it out of the environment, or all three at once.
(DIR) Post #AbQkWPLwgJ5Fl6Qpwu by stux@mstdn.social
2023-11-03T13:14:06Z
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@guncelawits Exactly! "Earning billions" is something from the scammy books :blobcatgiggle: "Earning millions" is too absurd already
(DIR) Post #AbQkg8VMB3u6OuTMps by collectifission@greennuclear.online
2023-11-03T13:13:48Z
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@stux not contentwise maybe, but it might be useful think about how such a service would work softwarewise, no?How would it, for example, provide quality information?
(DIR) Post #AbQkg9LT3JaV0Wqz3o by stux@mstdn.social
2023-11-03T13:15:42Z
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@collectifission That's a good point indeed 😉 A little while i was working on smoething like that but for the war in Ukraine, "war report" but i also walked against the "verification" of the stories somehowThere must be a system with some sort of "trusted" author levels maybe
(DIR) Post #AbQkiYqpC4Cggvfd7g by stux@mstdn.social
2023-11-03T13:15:57Z
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@collectifission A bit like Wikipedia 😉
(DIR) Post #AbQlQjnfqW9JOKGHyq by FallsMom@mastodon.coffee
2023-11-03T13:24:17Z
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@stux Will be interested to see if he *actually* goes to prison. . . .
(DIR) Post #AbQldEHYLBwlP8C50i by stux@mstdn.social
2023-11-03T13:24:54Z
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@FallsMom Yeah, im kinda sure :blobcatgiggle: 115 years above his head
(DIR) Post #AbQlpTB4mkkb4q07n6 by NIH_LLAMAS@mastodon.social
2023-11-03T13:28:15Z
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@stux Even before the fraud was exposed, the theme was "what will he do with his billions" as if customer deposits were his money.
(DIR) Post #AbQmX2s1xKzsEDs4Ei by MementoMori@mstdn.ca
2023-11-03T13:36:31Z
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@stux he is irresponsible and didn't understand all the serious offenses he was commiting. The money made him blind, now he is going to pay for it 😏 yesterday on MSNBC they said he travelled with a Republican in a private jet to meet Mitch McConnell!! 😏🤦🏾
(DIR) Post #AbQriPZWOOHHalS8Aa by mighty_orbot@retro.pizza
2023-11-03T14:34:29Z
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@stux Examples?
(DIR) Post #AbQrmNpenpLzM2tUTQ by stux@mstdn.social
2023-11-03T14:34:52Z
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@mighty_orbot Almost all of the Dutch news :bloblaugh: (at least on tv)
(DIR) Post #AbQtKJAWkOeQgvOd9c by obviousdwest@hachyderm.io
2023-11-03T14:52:05Z
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@stux @collectifission The first requirement would be to include your sources. We are not limited by paper and typesetting these days. There’s no excuse to skip telling readers where you are getting your material. We do it in scientific journals, why not in the news? Could be hard for those that only write gossip and opinion, though. (Too bad, so sad)
(DIR) Post #AbQtZ6McdcBvJz6jom by sahat@c.im
2023-11-03T14:55:22Z
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@stux that's because most ppl. who "earn billions" don't earn them but steal them. It's called capitalism and where so used to it that it doesn't register.
(DIR) Post #AbQtdnoL2qGjEDJTv6 by chrisg@fosstodon.org
2023-11-03T14:56:15Z
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@stux All billionaires stole their money from someone. So news outlets are understandably confused, since their instinct is to suck up to the rich.
(DIR) Post #AbQtkzDv0m8qePhh4a by tleekeene@mastodon.social
2023-11-03T14:57:36Z
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@stux All in the WORDS!
(DIR) Post #AbQyXktDUcXYCXWyMi by mister914@masto.ai
2023-11-03T15:51:09Z
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@stux it's complicated. From what I understand, he wasn't funneling money into a personal Swiss bank account. He bought property mostly for FTX or invested it through his other company.Banks invest our savings in other companies, but they have risk management. FTX had no risk management.It's too bad someone so young is going to spend, at least, some of the prime of his life in prison.
(DIR) Post #AbQzDK1pkfdp3WNk4e by PizzaDemon@mastodon.online
2023-11-03T15:58:35Z
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@stux right. That was Madoff's story. SBF was a crooked guy in an 85% crooked area
(DIR) Post #AbR0WRJ512a35K81ei by ike_seblon@mastodon.social
2023-11-03T16:13:15Z
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@stux I've selected the verb "collected" to replace "earned" in context of coin
(DIR) Post #AbR2SKlRbApNXlZ8KG by kinyutaka@mstdn.social
2023-11-03T16:35:01Z
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@stux I mean, he's going to jail because he stole billions of dollars.That would be like calling the Menendez Brothers a pair of unfortunate orphans.
(DIR) Post #AbR73JCykIrxFWKbB2 by Idwthama@mastodon.top
2023-11-03T17:26:25Z
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@stux that's what banks do all day long... Take customers' money for gambling investments or crazy CEO wages. SBF just forgot to spend some of the money into lobbying to secure its future.
(DIR) Post #AbRLEohtNEm5U5AkNs by andrewvandam@mastodon.social
2023-11-03T20:05:22Z
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where are our vaunted mastodon well-actually reply guys here??glancing at the verdict stories from three big outlets, I see the word "steal" in every one, often in the first two paragraphs, and nothing about earning?https://www.wsj.com/finance/currencies/verdict-sam-bankman-fried-trial-ftx-guilty-4a54dbfehttps://www.washingtonpost.com/business/2023/11/02/sbf-bankman-fried-trial-ftx/https://www.nytimes.com/2023/11/02/technology/sam-bankman-fried-fraud-trial-ftx.html