While I believe the SBF guilty verdict is the right outcome, imo it's not a day to celebrate - billions in user funds were lost and our industry took a massive reputational hit. The only winners were a few law firms and various opponents of crypto ~6 months before FTX' downfall, a family member asked me what I thought of SBF. Wrote a v long response, will share a few quotes from it here: "Everything he works on and supports is highly centralized and looks a lot more like what crypto is supposed to improve on. If you view crypto / decentralization as a movement, he has co-opted it rather than contributed" "He pushes the 'don't miss out' brand of crypto marketing which is basically just making people who know nothing about crypto feel like they have to buy it - which I find to be shady because it encourages rushed/fomo based investing rather than thoughtful investing/education" "I don't buy his effective altruism at all - I think its a clever marketing shtick. Basically he profits off sketchy business that harm people but gets to call himself an altruist because he claims he will eventually give all his money away" Next cycle, we need to do better as an industry - focus on the tech + our values, recognize the warning signs, and ignore the personality cult sociopaths