A scam has nothing to do with free markets. Infantile people who think they are being clever say things like that. Incredibly elementary that a valid contract requires a meeting of the minds as its basis. 🤡

"Ho ho ho, you thought that gun I put to your temple had real bullets, jokes on you, sucker, it was empty! Maybe next you'll learn about the free market and not get scammed! We made a free exchange -- I offered you something, and you agreed!"

Yeah, that would be interesting. The people that put him away should be behind bars.

he stole money and savings from many people. Money = time, so much money = so much time...

I voted forced to repay, I’m sure you’re not surprised to learn I’m straight up retarded :)

But trusting people who say they want the best for you, can make you rich, can make you be like them!.. that’s just hope. Hope that someone finally looked in your direction and saw you , wanted to help you! but then. But then. He must repay to the best of his ability. Seems like a smart kid, sometimes you gotta out in the work . This is his sentence.

It is pretty clear that it was foolish to give your money to SBF. But legally speaking(under the laws of the US valid or not) SBF committed fraud.

SBF to my knowledge did deceive both investors and employees. Now, should they have known better? Yeah for sure. But even in a stateless society there will be fraudsters and we would need to have a system to handle this beyond NYKNYC.

One answer to critics of anarchism is to have private judges and organizations which figure out such things using common law. So I do not believe these answers are "retarded". I'm not saying this should be his sentence either.

The crime of fraud always involves giving your money to someone else. Is your view that fraud is metaphysically impossible?

I added that option because the criminal "justice" system doesn't actually care about justice. Anarchists have described a system where there would be no prisons but rather communities where those that have harmed others or stolen from others can work and their wages beyond paying for the privilege of food/board is sent to their victims as restitution. Under the current system in most nations criminals are housed at the cost of their victims. The status quo is more like a criminal revenge system. Not really about making things right.

So to answer your question. One scenario would be him being allowed to work and his wages would be paid to those that have valid claims against him. Now, it is highly unlikely that he would be able to repay them but I know he will not repay them in a prison. The US system just doesn't even allow for this sort of restitution.

Of the roughly $8.7b shortfall, FTX has recovered approximately $7b, with 90% of that $7b to be paid to FTX creditors.

People can expect to be paid back ~73% of what they (rather, SBF) lost on FTX if the bankruptcy plan is approved on December 16. It will be paid in USD, not Bitcoin or shitcoins.

I hope the people getting this 27% haircut learn an extremely important lesson…

NYKNYC