Topic: Free SBF? (Read 185 times)

Hello Bitcoin Forum Users!
What an interesting topic to delve into! The impact of Bitcoin on the traditional financial system is indeed a discussion worth having. Bitcoin's emergence has undoubtedly shaken up the conventional banking and financial landscape.

The rise of Bitcoin and cryptocurrencies has pushed the boundaries of what we understand as money and has challenged central banks and financial institutions to adapt. It's no secret that the traditional financial system has certain inherent flaws, including inflation, centralized control, and limited cross-border functionality. Bitcoin, with its decentralized nature, offers an appealing alternative to these longstanding issues.

While Bitcoin's influence may not have led to the immediate demise of central banks, it has certainly captured the attention of the global finance world. The blockchain technology underpinning Bitcoin has ignited a flame of innovation in the industry. Many banks are now exploring blockchain solutions for faster, more efficient transactions and streamlined processes.

Bitcoin's advent has also catalyzed the exploration of digital currencies by central banks worldwide. The desire to maintain financial dominance and adapt to evolving technological trends has prompted many central banks to consider issuing their own digital currencies. This move could potentially reduce the reliance on Bitcoin and other cryptocurrencies but could also lead to a more digital and accessible financial system.

Moreover, Bitcoin's presence has revealed the necessity for regulatory frameworks to manage the risks and exploit the opportunities presented by cryptocurrencies. The financial industry is now more open to collaboration with Bitcoin and blockchain technology, leading to more mainstream acceptance.

In essence, Bitcoin has acted as a catalyst for change and innovation in the traditional financial system. The impact may not be as drastic as replacing central banks overnight, but it has undoubtedly steered the trajectory of global finance toward a more digital future.

The discussion surrounding Bitcoin's influence is exciting and ever-evolving. I'm keen to hear your thoughts on how Bitcoin will continue to shape the financial landscape moving forward!

Well I do think there is alot of people that should not be in jail right now for some of their crimes. But SBF is not 1 of these people that I do think should be able to get a pardon.
He has only been in jail for less then 1 year. And he is going to serve 25 years in jail. Maybe if he does behave himself and stay out of trouble then in some years he can get a pardon.

That's true. Maybe a presidential pardon is not worth it. But if SBF behaves, maybe (and that's a BIG maybe) his sentence will be reduced. Besides, SBF was known to be a huge donor for the Democratic Party. Chances of Trump getting him out of jail are pretty slim. It's no secret that Trump himself goes against anyone who is either a democrat or publicly expresses his/her support towards the Democratic Party (vendetta).

I'd wait until President Trump frees Ross Ulbricht to see what happens. Both SBF and Do Kwon will be remembered in history as the biggest crypto scammers of all time. I hope there isn't another disaster similar to the FTX collapse or Terra/LUNA crash in the future. At least, such events allows us to buy crypto at a huge discount.

If ever there are, that might come to the man himself and those people who knew him well. Not only SBF but there are other people out there who disappoint us and we might also wish the same thing happens to them like what happened with SBF.

And then they will regret that they voted Trump because they think that he will do good things.

Actually, it is also not safe inside the cell, as I've heard lots of crimes done inside it and then prisoners are being killed by their co-prisoners. It might also been ordered by the outsiders.

Also when he finished his term and go back in the outside world, the threat might still be there. Anyways, no matter how much anger we feel, it is still wrong to put justice in our hands.

Before Trump releases SBF he should consult all those who are affected by SBF action; it will create confusion and hate; its not going to be a popular decision and will drop Trump's popularity.
The message it will relay to people is that it's ok to steal people's money because you will be released eventually because you have a popular personality, so if you're not a popular person and only stole a few thousand, you will have to finish your jail term.

Yeah. I can imagine. Only good behavior will reduce SBF's jail time. That's his only hope right now. If there's one thing the crypto community has, is that it never forgets malicious actors (scammers/fraudsters, hackers, etc). SBF will be marked forever in history as the "villian" who got away with investors' money. Same as Terra/Luna's Do Kwon.

At least, FTX investors will be made whole again. Maybe Roger Ver (aka Bitcoin Jesus) will be the one who'll receive a presidential pardon from Trump? One can only hope. Let's see if Trump will free Ross Ulbricht as promised. Then we can talk about the rest.

It's still too early in his sentence to be gunning for his release. SBF hurt a lot of people and supposedly caused the death of some of the users that lost all of their life savings and money when FTX fell.

You talked about Ross Ulbricht but forgot to mention that he has been there for almost a decade (if I remember correctly) and SBF has only been there for a couple of months.

This is why we can't have nice things. Let him suffer more — at least 5 years. If you had lost money on FTX, you won't be in a hurry to see him leave the 4 walls of a prison.

I don't think that Ross Ulbricht's case is less serious than SBF's because he is involved in serious criminal cases, the most important of which is facilitating drug trafficking and several other charges that can be attached, such as forming a gang and money laundering. In addition to his involvement in incitement to murder and paying money for criminal activities for his benefit. These are serious charges and I do not agree with everyone who says that he deserves to be released.

I have read on many occasions that Trump has made promises to respond to calls for a pardon for Ross Ulbricht, but this does not seem realistic because Trump has no legal basis to rely on, including his immunity that does not allow him to interfere in judicial affairs. This was a successful attempt by Donald Trump to rally support from the crypto community in his election campaign, who I do not understand why they are demanding the release of Ross Ulbricht, the founder of the largest and most important drug traffic network at the time.

SBF? Come on bro. You have been in the crypto scene to know that what Ross Ulbricht was jailed for is completely different from that of SBF. I would rather SBF rots in jail. I know I survived his scam, but I could have been one of the victims since I used his exchange so often

Convicting Ross Ulbricht means even Satoshi could have been convicted if he was ever found. It completely makes no sense, just like the conviction of the Tornado.Cash developer or Julian Assange.

No, SBF is not likely to receive a pardon & why would he. The guy absolutely, unequivocally does not deserve one. Maybe he serves a shorter jail term than the one he was sentenced to but no way is he getting out of jail any time soon. It’s a totally different situation to Ross Ulbricht who has been in prison for over 10 years. SBF ruined peoples lives on purpose, he has only just gone to jail. He will be there for a lot longer deservedly so.

If ever a pardon is granted, it could have a negative effect or impact on the president because it has been proven that SBF has committed a major anomaly on many people who were victimized by him. So, I think the President will probably not focus on that for now, just in my opinion.

Instead of prioritizing that, it would be better and more beautiful for him to prioritize for sure the benefits of his constituents who elect him as president and he probably knows
that many are expecting the promises he made about bitcoin.

Is there a strong call to free SBF I don't think there will be one. If there's one person who people are wishing to rot in jail, it should be SBF, It will stir up a lot of emotions like frustration and anger if Trump ever thinks of releasing SBF, and he's safe in his prison because people might do him harm if he is released without finishing his jail term. They will take justice into their own hands because freeing him is an injustice for many people.

Between Ross Ulbricht & SBF, there is a difference in their cases. Ross Ulbricht actually created a platform that facilitates the sale/purchase of illegal stuff. This means that from the start this platform was at fault.

While SBF didn't create anything illegal like FTX, he abused his authority there, causing management within FTX to collapse which resulted in their users experiencing losses.

IMO, if SBF is also released, the crypto industry will react strongly to that decision. I personally also don't think that releasing SBF is a good decision.

Nah, I doubt that he will get a presidential pardon because of the extend of this crimes. Ross and SBF are two different cases and you can't compare them. I don't know how close SBF to Trump, but regardless, it will be a disaster for his Presidency if he will allow SBF to be released and it will damage Trump's reputation for sure.

Let SBF suffer from his crime, and although Trump promise a government that is pro-Bitcoin, no way that they will allow him to get out of jail just because it will defeat their purpose in the first place.

Agreed.
Imagine the backlash the administration would receive because of such an act.
I think it wouldn't happen, and if it did - there probably would be a scandal due to it.

If he were ever to be released or pardoned, the backlash would be immense both from frustrated investors and from those striving to restore the crypto industry's credibility.

I think reviving FTX is unlikely because trust is the backbone of any financial platform and he has shattered that trust. Even if the legal system gave him another chance, the community’s trust especially here in this industry that thrives on decentralization and accountability would be nearly impossible to rebuild.

SBF case is definitely a controversial one. It's understandable why you might think about it where some feel a second chance is warranted. But SBF's case is a lot different. He's facing serious allegations of fraud and financial misconduct not to mention the billions of dollars lost by investors, clients, and employees. In this context, it would be hard for a pardon to gain widespread support especially from the public who feels betrayed by what happened at FTX. Given the scale of the damage, a pardon might even risk undermining faith in both the justice system and in crypto which is already struggling with trust issues

I know. SBF would need to prove he changed before receiving any pardon (if any). Even if he gets out of jail, many people (frustrated investors) will be on his tail. They might even go as far as taking justice out of their own hands. Like some sort of vigilante. Unlike Binance's CZ who admitted he was wrong and assumed responsibility. He paid a fine to the US DOJ for money laundering. Now that he's out, the community considers him as some sort of hero.

With SBF, it will be a completely different story. Everyone will look at him as the villian who took investors' money and damaged crypto's reputation. I doubt he will revive FTX if he gets out. But you never know. And don't let me get started on Do Kwon.

Ross Ulbricht and Sam Bankman-Fried are in a very different situation. I don't think a criminal like Sam Bankman-Fried will ever be pardoned. The 25-year sentence he received is already too little considering the extent of his fraud. Letting people like this go free would undermine faith in the legal system. Besides that, if we look at the political side of things, the chances of Trump letting him go seem zero.

That would be chaos if he gets some treatment like that or presidential pardon. He has embezzled people's money with his business and there's no forgiveness with that. While he's serving jail, who knows what may happen in the future if the politicians that he has given some of the benefits when he's still got some wealth might remember him and do him some favor. Well, it's all random and we don't know for who are those people that might get close to him when he's no longer able to influence and no money at all. In short, he's no use even if he's going to be freed.