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What Happened at Alameda Research

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401–410 of 437 posts

Re: What Happened at Alameda Research

#401
post #252

Earlier quoted context omitted.

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

yeah, suck a d*ck kys or whatever you expect me to say. I've been in plat too multiple times but then it gets really really boring

Must be quite boring indeed when you lose every single game after paying for the 20th boost to plat. :(

Re: What Happened at Alameda Research

#402
post #123

Earlier quoted context omitted.

Never heard of them, I've been in the crypto space for many years. Their social media looks like it's run by a teenager and I'm not not being facetious, it literally reads like a 14 year old boy runs the account. The person also writes so many tweets they'd hardly have time for serious work. Over 90% are jokes, memes and rumors. https://nitter.cz/0xfbifemboy Not sure how this stuff makes it to the top on HN.

Yikes he posted a screenshot of your comment on Twitter. I agree with you about the tone and despise reading meme filled articles or tweets.

For posterity, the screenshot of the Tweet: https://twitter.com/0xfbifemboy/status/1592476741582614530

Re: What Happened at Alameda Research

#403

Earlier quoted context omitted.

There's so much rampant speculation in this article... for me it lost a degree of credibility around the point he fixated on the drug aspect. Despite all the disclaimers. Yes, it paints one picture of how the losses could have added up, but I'm looking forward to more exhaustively investigated reports grounded in more than heresay and gossip.

We have photographic evidence. What more do you need? This isn't a criminal court.

That picture could've been literally anything as far as I could tell

Re: What Happened at Alameda Research

#404
post #124

Earlier quoted context omitted.

Depends on what you mean by a lot. Thousands of hours? You might want that checked out.

Some just play for fun and not in ranked.

Playing League for fun is maybe the worst gaming experience possible. Everything about the game is designed to maximize competition and therefore toxicity.

Re: What Happened at Alameda Research

#405
post #148

Coinbase has to be the biggest winner here. Despite some odd stories about Armstrong past couple of years, they appear to act like “adults”. BTC and ETH are not going away for awhile.

Everyone in the crypto sphere is a gigantic loser. The overall market cap may never recover and there is surely going to be much lower volume because of this. Maybe the biggest winner is traditional equity holders since all the crypto exiters will probably park their money in stocks.

Re: What Happened at Alameda Research

#406

Earlier quoted context omitted.

Neither of these numbers are correct, they imply 100M of profit a day. Volume is heavily weighted towards the highest tiers which on ftx were paying 0.015% to take and receiving 0.01% to make (given, alameda would receive no rebate). They've also never claimed to do 100B+ a day. They published stats about their volume as well as some other exchanges here: https://ftx.com/volume-monitor . It's stale since the collapse…

Okay - so even 0.01% on $10Bn = $1M per day = $365M per year, and - at the time - growing. One would think they should've been able to get a loan (if those numbers were real).

365 million against 10 billion isn't so great

Re: What Happened at Alameda Research

#407

Earlier quoted context omitted.

Ryan Salame, the co-CEO, donated heavily to the GOP.

As I've explained to others here before, there's a difference in magnitude which is relevant here. SBF pledged to donate _$1 billion_ to the Democrat party. The only person to spend more money on the Democrats this cycle was the dear George Soros. Who knows what's in store for SBF, but it's important to look at the facts here and acknowledge that this operation was heavily invested in the success of the Democratic pa…

But he didn’t donate that much. He was never going to have that money. The other person is showing how close the other guy was to the GOP. You’re being partisan here.

Re: What Happened at Alameda Research

#408
post #142

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>LTCM lost $4.6B in investor funds. [...] All of these situations are obviously somewhat different, [...] biggest financial frauds/scandals in history. LTCM shouldn't be in that list because that wasn't fraud. That hedge fund had a flawed math model of volatility of their holdings when a cascade of events got triggered by Russia defaulting on their bonds. LTCM losses were magnified by their over leveraged positions.…

The book about LTCM’s failure, “When Genius Failed”, is a fascinating account of what happened, and a quick read.

Highly recommend reading it, one of the greatest books I've read from a perspective of understanding the financial industry.

Re: What Happened at Alameda Research

#409

Earlier quoted context omitted.

This is the worst comment I have ever read. There are reasonable definitions of expected value and probability that do not require infinitely many universes to figure out whether you should raise pre-flop with aces.

Can you provide any such definitions or references?

use google next time https://sites.math.rutgers.edu/~zeilberg/mamarim/mamarimhtml...

Re: What Happened at Alameda Research

#410

Earlier quoted context omitted.

Can you provide any such definitions or references?

use google next time https://sites.math.rutgers.edu/~zeilberg/mamarim/mamarimhtml...

You are conflating time-samples with ensembles. That lecture refers to finite time series which may be shown to converge for N < infinity. That’s fine.
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