Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

What Happened at Alameda Research

milkyeggs.com

Post reply on HN
Print view View original

101–110 of 437 posts

Re: What Happened at Alameda Research

#101

Post by Lapsa »

remoroid wrote: post #54

For even more context of how bad SBF was at League of Legends, a large part of their player-base is children and teens. You would not expect a normal functioning 30 year old man to lose to 12 year olds after years of playing with the frequency he did.

"it is actually shocking that SBF was unable to rank higher than the Bronze or Silver league after years of regular play" ouch... author certainly does not play league of legends. ladder is broken, you are always at the mercy of riot's matchmaking. there was a reddit post appropriately criticizing it and received around 8k upvotes - mods deleted it. even if you completely MinMax everything to climb (which gets quite tedious and boring) - actually climbing takes ridiculous amounts of time. and it's time sensitive - folks that play around 5AM could easily give Faker a run for his money, folks that supposedly are bronzies (I call them robo smurfs). turn the same game on when the school ends and the amounts of stupidity are overwhelming. and the older account is - the worse it gets. at the time I was placed in bronze - won a local tournament full with diamonds, masters and even couple challengers. and the game itself is mistake driven - gold differs from diamond by a single mistake that diamond player never lets go.

Re: What Happened at Alameda Research

#102

Post by jsemrau »

lordnacho wrote: post #30

Makes some sense. When stuff is messy, you can do financially stupid things. I've sat on desks that lost money from not realizing some very simple things like having options with upcoming dividends. If SBF really was on drugs and playing League of Legends badly, perhaps he also didn't know what was happening in his shop. But... you have all this money. Hire an adult? Almost anyone who's had a trading desk job would t…

>If SBF really was on drugs and playing League of Legends badly, perhaps he also didn't know what was happening in his shop

You can be drunk by your own success. Without a voice of reason or an adult in the room (like sheryl sandberg) that can be quickly deadly.

Re: What Happened at Alameda Research

#104

Post by petchyindee »

EdwardDiego wrote: post #58
TedShiller wrote: post #25

Earlier quoted context omitted.

Quoted post unavailable.

Heard of it. Repeatedly. Never seen any, you know, proof.

Both the New York Times and the Washington Post have by now admitted the legitimacy of the Hunter Biden laptop story (of course they waited for the election to be over before doing so). If you haven't seen any proof, it's because you haven't looked.

Re: What Happened at Alameda Research

#105

Post by halukakin »

"FTX periodically uses a portion of its profits to buy back FTT tokens. This makes FTT kind of like stock in FTX: The higher FTX’s profits are, the higher the price of FTT will be."

I think this is an interesting alternative to equity vesting. Not all countries have laws that make equity vesting possible. Also this could work if you are a US company and hiring from all abroad. You can give tokens to your employers abroad, keep the token valuable as long as the company is profitable. What do you think?

Re: What Happened at Alameda Research

#106

Post by [deleted] »

halukakin wrote: post #105

"FTX periodically uses a portion of its profits to buy back FTT tokens. This makes FTT kind of like stock in FTX: The higher FTX’s profits are, the higher the price of FTT will be." I think this is an interesting alternative to equity vesting. Not all countries have laws that make equity vesting possible. Also this could work if you are a US company and hiring from all abroad. You can give tokens to your employers ab…

[deleted]

Re: What Happened at Alameda Research

#107

Post by petchyindee »

gillesjacobs wrote: post #3

I like how OP opens smugly by calling the NYT article a fluff piece, then proceeds to immediately cite anonymous Twitter anecdotes as better sources. He's right about the specific NYT article not including much pertinent information, but they're a serious journalistic publication and have verification standards for sources.

Where were the verification standards of the NYT when they advocated for the Iraq War, for example? Trust in mainstream media is at an all-time low, and for good reason. These appeals to authority seem out of touch to me.

Re: What Happened at Alameda Research

#108

Post by martynr »

KVFinn wrote: post #73

The extensive use of stimulants is alarming, though heavily speculative. What does the league of legends article say? That part seemed crazy speculative. I'm bottom quartile at FPS and fighting games but I enjoy them and play a lot. Dota 2 as well. And I've been top 1 percent at other games. Even higher for a bit in Auto Chess. I hope this isn't evidence of brain damage...

FWIW: as a bona fide user of various anti-parkinsonian medications for their intended purpose, I can say with a degree of confidence that the speculation on cognitive impact (and impairment) is very plausible - and that the article is factually correct on the side effects in a Parkinson’s context. God knows what they would do to a brain with a “normal” dopamine level.

It’s also worth noting (and quite frankly pretty harsh when you eventually realise) that the affected brain has massive difficulty recognising its own altered cognition and perceives its distorted interpretations and consequent chains of response as perfectly natural and justified.

Not drawing any specific conclusions on the particular assertions in the article, but IMHO the interpretation is certainly plausible given the apparent drugs involved.

Re: What Happened at Alameda Research

#109

Post by remoroid »

Lapsa wrote: post #101
remoroid wrote: post #54

For even more context of how bad SBF was at League of Legends, a large part of their player-base is children and teens. You would not expect a normal functioning 30 year old man to lose to 12 year olds after years of playing with the frequency he did.

"it is actually shocking that SBF was unable to rank higher than the Bronze or Silver league after years of regular play" ouch... author certainly does not play league of legends. ladder is broken, you are always at the mercy of riot's matchmaking. there was a reddit post appropriately criticizing it and received around 8k upvotes - mods deleted it. even if you completely MinMax everything to climb (which gets quite…

Sounds like you are mad about being in Bronze where you belong

Re: What Happened at Alameda Research

#110

Post by Kiro »

choeger wrote: post #29

A $3M monthly AWS bill. that's a nugget here. What that means is that amazon, Microsoft, and google are essentially selling shovels during a gold rush. On a subscription basis. In a form that makes it tedious and costly to actually figure out how many shovels your business has, what they do and who uses them regularly. Essentially, when there's a digital market hype, the big cloud providers collect their share on the…

That's like saying people selling food during the actual gold rush were brilliantly capitalising on it and equivalent to the ones selling shovels.
Post reply on HN