I am finding the collapse of the crypto stuff delightful.

I have close (and very smart!) friends believing in crypto and even building businesses that involve cryptocurrencies. I have nothing but love and respect for these friends, so I feel a little guilty writing this story.

But I can’t help it — it’s with pleasure, the evil kind, that I’m reading the news about the collapse of FTX and Sam Bankman-Fried’s fall from grace.

Then I feel a bit guilty again — it’s not in my nature to disrespect entrepreneurs, their epic successes, and miserable failures. I have nothing against Sam Bankman-Fried. Actually, I even have some empathy for Elizabeth Holmes. I did read “Bad Blood: Secret and Lies in a Silicon Valley start-up”. Obviously, there was a lot of fraud, but I can imagine how Holmes’s ambitious journey started with good and genuine intentions. Then it all spiraled out of control. Fake it till you make it is a common mindset, Silicon Valley or not. You make it — you’ll be forgiven for your shortcomings and mistakes. You fail — you’re a villain and often a fraud.

With the crypto stuff, I think know why I’m experiencing this sense of evil pleasure about the collapse of FTX. It has nothing to do with Sam Bankman-Fried. I hadn’t been following him closely but he never seemed a controversial or polarizing character. I’m certain he’s a genius indeed, no…