{"id":24145,"date":"2022-11-15T16:18:59","date_gmt":"2022-11-15T16:18:59","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=24145"},"modified":"2022-11-15T17:42:15","modified_gmt":"2022-11-15T17:42:15","slug":"guardian-us-sam-bankman-fried-was-hailed-as-a-crypto-wonder-child-what-happened","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2022\/11\/15\/guardian-us-sam-bankman-fried-was-hailed-as-a-crypto-wonder-child-what-happened\/","title":{"rendered":"Guardian US: Sam Bankman-Fried was hailed as a crypto wonder child. What happened?"},"content":{"rendered":"<p>I got a ping from the Guardian US opinion desk wanting my hot take on the whole FTX disaster. It&#8217;s just gone up. [<a href=\"https:\/\/www.theguardian.com\/commentisfree\/2022\/nov\/15\/ftx-cryptocurrency-sam-bankman-fried\"><em>Guardian<\/em><\/a>]<\/p>\n<p>($5-and-up patrons got this yesterday. <a href=\"https:\/\/www.patreon.com\/davidgerard\">Click here to get on the magic preview list!<\/a>)<\/p>\n<p>This is partly an abbreviated version of my <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2022\/11\/12\/foreign-policy-cryptos-boy-king-got-dethroned-overnight\/\">Foreign Policy piece,<\/a> and partly another theme: the cult of the media billionaire.<\/p>\n<p>They all want to be Steve Jobs &#8212; and keep turning out to be Elizabeth Holmes.<\/p>\n<p class=\"dcr-vlranc\">Stories of billionaire wonder children always seem too good to be true. That\u2019s because they are.<\/p>\n<p>Molly White of Web 3 Is Going Great had a good take for the Guardian too. [<a href=\"https:\/\/www.theguardian.com\/commentisfree\/2022\/nov\/14\/why-did-one-of-the-worlds-biggest-cryptocurrency-exchanges-just-collapse\"><em>Guardian<\/em><\/a>]<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2022\/11\/15\/guardian-us-sam-bankman-fried-was-hailed-as-a-crypto-wonder-child-what-happened\/sbf-guardian\/\" rel=\"attachment wp-att-24147\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-24147\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/11\/sbf-guardian.jpg\" alt=\"\" width=\"510\" height=\"315\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/11\/sbf-guardian.jpg 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/11\/sbf-guardian-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/11\/sbf-guardian-348x215.jpg 348w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><small><i>SBF gets himself used to being stuck in a small unfurnished room for extended periods of time<\/i><\/small><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>They all want to be Steve Jobs \u2014 and keep turning out to be Elizabeth Holmes.<\/p>\n","protected":false},"author":1,"featured_media":24147,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[1798,362,2491],"class_list":["post-24145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-ftx","tag-guardian","tag-sam-bankman-fried"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/11\/sbf-guardian.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=24145"}],"version-history":[{"count":8,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24145\/revisions"}],"predecessor-version":[{"id":24154,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24145\/revisions\/24154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/24147"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=24145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=24145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=24145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}