> This makes him seem like a Machiavellian genius putting up a front.
It is not so much that he was a "Machiavellian genius," it was that he was basically the main character in Idiocracy; the smartest one in the room, but the room was a circus made for his own entertainment than anything else.
> an organization such as FTX comprises a complex interaction of financial, technological and legal issues.
It is unclear if this complexity was designed specifically to hide blatant acts of fraud or just cover up incompetence. Either way, the lack of transparency does not look good for him.
>It is also worth mentioning that the media sources that said how great things were going are also the same ones that are telling us how badly it ended up.
I am sure the individual investors who got scammed out of their investment(s) due to getting suckered into it by the MSM will be more than forgiving as well.
>There will be a few good well researched summaries in a few years time. Hardly anyone will be interested by then; besides, the truth will be boringly complicated and nuanced.
Until the next fraudster gets propped up and we can all look back to this and hope for the revival of independent, constructive journalism that the internet was supposed to bring over this current iteration of the MSM circus.
>> an organization such as FTX comprises a complex interaction of financial, technological and legal issues.
>It is unclear if this complexity was designed specifically to hide blatant acts of fraud or just cover up incompetence. Either way, the lack of transparency does not look good for him.
I would strongly suggest neither. I did not intend to imply that this complexity was specific to FTX but rather all organizations in that field. The complexity is a unavoidable result of combining the demands of financial, technological and most significantly legal aspects.
It is not so much that he was a "Machiavellian genius," it was that he was basically the main character in Idiocracy; the smartest one in the room, but the room was a circus made for his own entertainment than anything else.
> an organization such as FTX comprises a complex interaction of financial, technological and legal issues.
It is unclear if this complexity was designed specifically to hide blatant acts of fraud or just cover up incompetence. Either way, the lack of transparency does not look good for him.
>It is also worth mentioning that the media sources that said how great things were going are also the same ones that are telling us how badly it ended up.
I am sure the individual investors who got scammed out of their investment(s) due to getting suckered into it by the MSM will be more than forgiving as well.
>There will be a few good well researched summaries in a few years time. Hardly anyone will be interested by then; besides, the truth will be boringly complicated and nuanced.
Until the next fraudster gets propped up and we can all look back to this and hope for the revival of independent, constructive journalism that the internet was supposed to bring over this current iteration of the MSM circus.