Sorchist

So the idea is that because FTX and Yuga Labs were all mixed up in each other’s business, and because FTX was secretly the buyer of the Bored Apes, then functionally this was a giant wash trade, one step removed. A sham auction whose purpose was to blow up the price of NFTs, and Sotheby is supposed to be culpable because they participated in the sham and lent it legitimacy with their reputation.

That seems like a pretty legit complaint.

I mean, I have no sympathy for the people who got fucked buying NFTs but I have even less sympathy for the people who did the fucking, so absolutely let this lawsuit happen and let them burn.

Fuck all NFT people right in the earhole, but I think it’s reasonable to nail Sotheby’s to the wall for their part in this charade.

The takeaway from this article, IMHO, isn’t “Facebook did something terrible” so much as “when you live in a world where the government is terrible, services which compromise your privacy can be exploited against you.” It no longer becomes a matter of “advertisers have access to my intimate details” but “people with the power to jail me unjustly have access to my intimate details.”

I mean, it’s reprehensible for Facebook to have done that, but we kind of never expected them to be the good guys. It’s more “the compromise of our basic privacy is more dangerous than you might have thought when it was just being used to advertise to us.”