White Boy
Too Long; Didn't Read
This is a two-part essay on how Sam Bankman-Fried, using his born advantages and uber social intellect, bamboozled everyone into thinking he was a crypto wunderkind and the future of the Western-led finance establishment. SBF played the game on the meta level, and traded social currency – hoodwinking the Western financial establishment and the crypto industry alike in the process. The FTX / Alamada ecosystem, which I will refer to henceforth as the Death Star, played us both. The scandal, tragedy, and most likely blatant fraud, touches on so many geopolitical and race issues of the American empire (Pax Americana) that I shall dedicate the next several essays to my learnings from this saga. I will be using the term “white” to refer to people of European descent, and “black” for people of African descent.