“The Bankman-Frieds hired private security guards to provide round-the-clock protection.”

It is said that they spent $10K a week for armed security.

They aren’t living in a scary country or where there are armed robberies happening frequently.

They are in Palo Alto.

That is one of the safest, richest, most educated neighborhoods in the US.

Right by one of the best Universities in the world — Stanford.

The whole irony of the situation.

SBF deceived the world and betrayed the trust of everyone who believed in him.

He gets his bank accounts frozen and assets seized.

Yet he needs money to pay for the insane amount of security to keep himself safe.

See the painful irony there?

He used to be a celebrity in the crypto world, beloved by many.

Now, he fears the same people who once worshipped him.

Back then, he was a billionaire with enough money to buy hundreds of companies and make hefty investments with a tweet.

Now, he has to fork out whatever he has left, to pay for security teams he never knew he needed.

You really never know eh.

It is fascinating to see how things play out for the Bankman-Frieds.

As parents, they can’t ignore or kick their son to the curb.

They will love him no matter what, regardless of what he has done.

They are Stanford professors, well-known and loved by students.

They had a reputation.

Now, with their son moving in, they have the media at their front door.

The world is watching their every move.

Their lives are inevitably thrown into the tornado, involuntarily.

As a son, he literally has nowhere to go after the hellfire he rained down on the world and all the people that trusted him.

At the very end, after all the exotic travels, exquisite food, lavish houses and celebrity friends, he can only depend on his parents.

That, my friends, is the reality of life.

You get to play your game.

Sometimes you strike, sometimes you miss.

And when the chips are down, and you are down on your luck, with nowhere to go, you get to see who is really there for you after all these times.

I don’t envy Sam or his dear parents at all.

To some extent I think if Sam is really evil and played the sucker’s bet, his parents are the unwilling participants to this game.

What could they really have done, but support and cheer for him?

Especially when he was riding the 30-foot waves of hype, fame and celebrity status?

They may not even know what was happening behind the scenes.

Sam himself covered things up so well, even employees in FTX were in the dark.

Sam really put his parents in a pickle.

So unfortunate, so painful but so preventable, if he had a bit of integrity.

I would hate to be Sam.

But more importantly, I pity what his parents have to go through and suffer due to his behaviour.

Or you could argue that it was Sam’s parents who could have taught him better when he was growing up.

-

Was it fair for SBF to do this to his parents?

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#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #polygon #partnerships #bearmarket #NFT #bd #reddit #starbucks #DeGods #Y00ts #solana

“The Bankman-Frieds hired private security guards to provide round-the-clock protection.”

It is said that they spent $10K a week for armed security.

They aren’t living in a scary country or where there are armed robberies happening frequently.

They are in Palo Alto.

That is one of the safest, richest, most educated neighborhoods in the US.

Right by one of the best Universities in the world — Stanford.

The whole irony of the situation.

SBF deceived the world and betrayed the trust of everyone who believed in him.

He gets his bank accounts frozen and assets seized.

Yet he needs money to pay for the insane amount of security to keep himself safe.

See the painful irony there?

He used to be a celebrity in the crypto world, beloved by many.

Now, he fears the same people who once worshipped him.

Back then, he was a billionaire with enough money to buy hundreds of companies and make hefty investments with a tweet.

Now, he has to fork out whatever he has left, to pay for security teams he never knew he needed.

You really never know eh.

It is fascinating to see how things play out for the Bankman-Frieds.

As parents, they can’t ignore or kick their son to the curb.

They will love him no matter what, regardless of what he has done.

They are Stanford professors, well-known and loved by students.

They had a reputation.

Now, with their son moving in, they have the media at their front door.

The world is watching their every move.

Their lives are inevitably thrown into the tornado, involuntarily.

As a son, he literally has nowhere to go after the hellfire he rained down on the world and all the people that trusted him.

At the very end, after all the exotic travels, exquisite food, lavish houses and celebrity friends, he can only depend on his parents.

That, my friends, is the reality of life.

You get to play your game.

Sometimes you strike, sometimes you miss.

And when the chips are down, and you are down on your luck, with nowhere to go, you get to see who is really there for you after all these times.

I don’t envy Sam or his dear parents at all.

To some extent I think if Sam is really evil and played the sucker’s bet, his parents are the unwilling participants to this game.

What could they really have done, but support and cheer for him?

Especially when he was riding the 30-foot waves of hype, fame and celebrity status?

They may not even know what was happening behind the scenes.

Sam himself covered things up so well, even employees in FTX were in the dark.

Sam really put his parents in a pickle.

So unfortunate, so painful but so preventable, if he had a bit of integrity.

I would hate to be Sam.

But more importantly, I pity what his parents have to go through and suffer due to his behaviour.

Or you could argue that it was Sam’s parents who could have taught him better when he was growing up.

-

Was it fair for SBF to do this to his parents?

-

#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #polygon #partnerships #bearmarket #NFT #bd #reddit #starbucks #DeGods #Y00ts #solana