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Sam Bankman-Fried caused enormous harm, and I, like many others, want him to face justice. But letting him rot in prison seems like a waste. To me, proper justice would involve him making as much restitution to his victims as he can with his remaining life.

He's non-violent, so there's no physical threat that requires locking him away from the rest of society.

Instead, he should be forced to wear an ankle monitor, and allowed to find what jobs he can. In order to incentivize him to work, he should get to keep a percentage of the money he earns above the amount required to monitor him. (The rest should go toward a victim restitution fund.) The more he makes, the higher the percentage of his earnings he gets to keep.

#prison_reform

#grownostr

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Discussion

Jason the Original 2y ago

Entropy 2y ago

I think criminal justice reform is a great idea, and generally I'm opposed to people being thrown in cages, but I'll make an exception for him.

But even if you disagree with that, you have to realize the scope...he disintegrated almost 9 billion dollars of investor's money. If he could find a job paying a million dollars a year, it would take almost 9k years to recoup those losses.

That's how much human productivity he destroyed. There's no 'paying back the victim' here.

NeoLuddite 2y ago

Need to contemplate the insentive structures when it comes to things like this. Everything from bureaucratic abuse to even worse cost benefit analysis for criminals.