Early this month, as Donald Trump made a point of showing up, unnecessarily, for the first three days of his civil trial in Manhattan, and with the press treating it with all the fanfare they have treated his four criminal indictments, Sam Bankman-Fried also went on trial. The SBF trial is criminal and it is very likely to put SBF in prison, perhaps for a very long time. Furthermore, since SBF was in his heyday, not TOO long ago, a billionaire whiz-kid at the very top of the cryptocurrency food chain, this trial in other circumstances would itself be a top-tier spectacle. At least as spectacular as would be the civil trial of a billionaire old-man in the middle of the reality-television food chain. SBF ran both a crypto exchange (with some bank-like characteristics) and a hedge fund, known as FTX and as Alameda Research, respectively. I admit having written confused things about this in the recent past. In this very blog, I once referred to Alameda Research as FTX's "data-cr...