$8B Sam Bankman-Fried criminal trial starts today
I&#x27;m generally against punishment as a whole, as I don&#x27;t think it works generally, but considering how little responsibility SBF has taken for stealing all this money I think there&#x27;s a reasonable chance that he&#x27;ll just turn around and do the same scam again if he&#x27;s not thrown in jail, or at the very least having the SEC monitoring every single thing he does.<p>Granted, I&#x27;m a victim of the Gemini Earn unregistered security scam [1], and so maybe I cannot be an impartial judge here, but SBF is kind of the only non-violent offender that I can think of right now that I honestly feel should be locked up and throw away the key.<p>[1] Before you give me a lecture about how I should have known better and how you&#x27;d never fall for such a scam and how Gemini&#x27;s claims of FDIC insurance would <i>never</i> fool anyone smart, just rest assured I&#x27;ve heard it from the denizens of HN and my peers. I know I was stupid to have done anything with cryptocurrency, and even more stupid to think that Gemini wasn&#x27;t misleading people about their Gemini Earn program.  Just to be clear though, it&#x27;s not <i>my</i> accusation to called Gemini Earn an unregistered security, it&#x27;s the SEC&#x27;s (<a href="https:&#x2F;&#x2F;www.sec.gov&#x2F;news&#x2F;press-release&#x2F;2023-7" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.sec.gov&#x2F;news&#x2F;press-release&#x2F;2023-7</a>).