Go to 34 minutes in. Amazing how many red flags there were. This guy has a good track record of exposing fraud, going back to the Lernout & Hauspie days, which the old timers around here will remember.
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Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
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Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#32So is everyone assuming the remaining big players in crypto are straight, or crooked as question marks?
The safer bet given the history of exchanges, scam coins, and NFT is that they are crooked. This is why Coinbase sent out an email this morning pleading with people not to withdraw because they aren't crooked.
Saw that email; dumped half my account val into a hardware wallet. Probably will dump the rest in soon.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#33Here is the Video starting at that moment around minute 35: https://youtu.be/VbDiWXFxqr8?t=2140 Here is an interesting tweet on this worth reading after watching the video: https://twitter.com/RudyHavenstein/status/159116117646521139...
Yep Epstein and him have CIA written all over them.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#34It always struck me as odd that this guy came out of nowhere to become one of the wealthiest people in crypto in a few years. I don’t know if his adherence to effective altruism had anything to do with this outcome, but taken to an extreme I could see someone rationalizing fraud to redistribute wealth in a way that maximizes benefit to others. Basically Robin Hood.
Tens of millions of dollars to political campaigns?
Buy off politicians to keep the fraud going so you can funnel more money to your charity causes!
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#35Earlier quoted context omitted.
The safer bet given the history of exchanges, scam coins, and NFT is that they are crooked. This is why Coinbase sent out an email this morning pleading with people not to withdraw because they aren't crooked.
Saw that email; dumped half my account val into a hardware wallet. Probably will dump the rest in soon.
I moved my very modest half a bitcoin out of Coinbase in Jan when it was clear that bitcoin was going to follow stocks down the tubes.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#36Here is the Video starting at that moment around minute 35: https://youtu.be/VbDiWXFxqr8?t=2140 Here is an interesting tweet on this worth reading after watching the video: https://twitter.com/RudyHavenstein/status/159116117646521139...
Yep Epstein and him have CIA written all over them.
Epstein was likely "shared" by multiple intelligence agencies, but all indications are of Mossad running that particular network primarily. See Whitney Webb's great new book(s), One Nation Under Blackmail. (vol 1 and 2)
It is likely Epstein was just a front man and Ghislane Maxwell was actually his handler. Now look at who her dad was. Who she grew up with also.
Her sisters are one of the hidden threads those on HN might be interested in. Hints of Danny Casalaro's research keep popping up on this topic...
edit: I find how quickly stories like these drop off front page suspiciously artificial.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#37Earlier quoted context omitted.
all crypto is rife with red flags.
Crypto is nothing special in this respect.. These red flags you speak are not an issue with crypto, they are an issue with people. Humans have been looking for ways to screw each other over since the dawn of time. If you mint some brass coins and say they are gold, that just makes you a loar. It doesn't mean there's anything wrong with gold.
It's special in the amount of concentrated fraud. I can't think of another legal field with such fraud per sqm density.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#38How many people trusted SBF_FTX because of his celebrity supporters, his appearances with politicians, his Stanford professor parents? "I'm a big advocate for Sam because he has 2 parents that are compliance lawyers. If there's ever a place I can be where I'm not going to get in trouble, it's gonna be FTX" https://twitter.com/Guruleaks1/status/1591086077489844224 We outsourced trust to people in his proximity and bec…
I see this logic all over the place(parents did X, so kids raised by parents will be super Xers). But it completely misses one of the key elements - the parents doing X may have done X because they believed in it, whereas the kid might do X simply because it's the family business. So the motivation is entirely missing, and it's seen as a birthright rather than a calling.
Maybe his parents became compliance officers because they are assiduously moral law and order types. That's not necessarily a trait that gets passed down to your offspring.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#39Not trying to defend SBF or FTX but honestly wasn't that impressed with this critic either. His criticism seems to break down to: 1) Look at him, he's ugly 2) He doesn't have the proper lineage of insider mentors to be allowed to be a billionaire 3) We don't have the full story on the original arbitrage mixed in with some political pandering 4) The compliance officer was sketchy 4 seems to be the only valid point. 3…
Those were not his primary complaints. Yes, he took some shots at his appearance, but let’s be honest. The financial and VC world has a stick up it’s butt, but this nobody (Sam Bankman-Fried) shows up to interviews and meetings in a three day old t-shirt and shorts and can’t keep his leg still and talks like he’s been up for 24 hours straight on Red Bull. It’s strange. Why does that work for him, who has nothing to e…
> Why does that work for him
It works for him the same way it works for Neil Gershenfeld. Be palatably erratic, assume the mad scientist role, make your credentials known, and people will eventually start to treat you as though you are brilliant.
That schtick hits more than one of Cialdini's six principles of persuasion.
(NB this is not a comparison of Gershenfeld and Bankman-Fried, just an observation of what seems like one shared attribute.)
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#40Not trying to defend SBF or FTX but honestly wasn't that impressed with this critic either. His criticism seems to break down to: 1) Look at him, he's ugly 2) He doesn't have the proper lineage of insider mentors to be allowed to be a billionaire 3) We don't have the full story on the original arbitrage mixed in with some political pandering 4) The compliance officer was sketchy 4 seems to be the only valid point. 3…
I agree, this video is a nothing-burger. There are much better people who have been detailed in both their criticisms of SBF and the types of things he has been just exposed of doing for years. Crypto Critics' Corner and Molly White are the first two off the top of my head. Molly White's most recent article on the collapse was posted on HN just yesterday. https://news.ycombinator.com/item?id=33547102
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