I think expecting myself to figure out the fraud would be unreasonable. As you say, investors giving him billions of dollars didn’t notice, why should I, who received a few tens of thousands, be expected to do better due diligence? But I think a culture where this kind of information could have bubbled up gradually is an attainable and worthwhile goal.
E.g. I think my local community handled covid really well. That didn’t happen because someone wrote a big scary announcement. It was an accumulation of little things, like “this is probably nothing but always good to keep a stock of toilet paper” and “if this is airborne masks are probably useful”. And that could happen because those small statements were allowed. And I think it would have been good if people could similarly share small warnings about SBF as casually as they shared good things, and an increasingly accurate picture would emerge over time.
I think expecting myself to figure out the fraud would be unreasonable. As you say, investors giving him billions of dollars didn’t notice, why should I, who received a few tens of thousands, be expected to do better due diligence? But I think a culture where this kind of information could have bubbled up gradually is an attainable and worthwhile goal.
E.g. I think my local community handled covid really well. That didn’t happen because someone wrote a big scary announcement. It was an accumulation of little things, like “this is probably nothing but always good to keep a stock of toilet paper” and “if this is airborne masks are probably useful”. And that could happen because those small statements were allowed. And I think it would have been good if people could similarly share small warnings about SBF as casually as they shared good things, and an increasingly accurate picture would emerge over time.