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"LOL, FTX fail? Sam Bankman-Fried is a genius, you think you know better than him?"

This is the most infuriating attitude, and the reason you can't reason cryptobros out of their delusion.

You see far too much of this attitude on HN with regards to a number of idiotic business plans.

Yeah, HN is _big_ into the “rich people are magic” thing. Maybe a bit blunted at the moment, with FTX, and, er, Twitter, but it goes _deep_.

I've noticed this too, including the increasingly indefensible position that billionaires are somehow inate geniuses and will solve all our problems.