91–100 of 401 posts
I just hope crypto learns from this and normalizes Proof of Reserves
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You kind of went off the rails there in the final sentence. Are you saying that any of this adds credence to the silly idea that Democrats are beholden to SBF campaign money?
It’s a silly idea that being the second largest donor to a political party in the US buys you special favors? Why else would anyone give that kind of money to politicians without expecting something in return?
There's a polite theory it is done for altruistic reasons to make the country a better place for all and that it is the exercise of free speech and you are also free to give Trump, Biden, Pelosi & McConnell vast amounts of cash.
But yes we're all adults here.
> I was trying to make sense of what, behind the PR and the charitable donations and the lobbying, Bankman-Fried actually believes about what’s right and what’s wrong — and especially the ethics of what he did and the industry he worked in. This seems like a weird thing to worry about right now, I imagine my question would be "hey, where'd all the deposits go?" Like, I'm sure it's all interesting in a psychological a…
It makes a lot of sense given the nature of SBF’s charitable donations and the purported rationale(s) behind them. Kelsey Piper is pretty deeply associated with the EA movement, which is heavily interested in picking the right ways to deploy money to solve the world’s problems, and much of SBF’s charitable giving was too.
I just commented in this thread about how this story magically keeps getting worse, and then it got worse...
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Holmes is getting sentenced this week. It took years to get there. This isn't going to happen overnight.
> This isn't going to happen overnight What isn't going to happen overnight, justice? A fairer world? I don't think a fairer world is on its way, I wish it was but the powerful won't be held accountable because people simply don't have the power to hold them accountable. We simply don't live in a just world.
Holmes is probably going to prison. Idk what's going to happen with SBF, but to prosecute you need evidence and there's a process.
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You kind of went off the rails there in the final sentence. Are you saying that any of this adds credence to the silly idea that Democrats are beholden to SBF campaign money?
It’s a silly idea that being the second largest donor to a political party in the US buys you special favors? Why else would anyone give that kind of money to politicians without expecting something in return?
I'm sure that in a few years, once the courts get everything sorted out, we'll learn which of our prejudices is closer to reality. As of today, though, we're both just speculating.
The guy's lawyers need to get him to shut up.
Jesus Christ…does this guy not know that you should keep quiet when you’re the subject of a criminal investigation from multiple government agencies?
This is further evidence that he was thinking of this in terms of all-or-nothing coin flips. In case you haven't seen it: COWEN: Okay, but let’s say there’s a game: 51 percent, you double the Earth out somewhere else; 49 percent, it all disappears. Would you play that game? And would you keep on playing that, double or nothing? BANKMAN-FRIED: With one caveat. Let me give the caveat first, just to be a party pooper, w…
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Yeah after the NYT interview I'm a bit shocked at how bad these messages look. He looks stupid, brazen, delusional, and lacking in compassion. If his texts are normally similar to this, how did anyone serious think this guy was brilliant?
> how did anyone serious think this guy was brilliant? He made a lot of money by bucking norms. Hacker news of all places should recognize that people are drawn to those who project an appearance of improbable success through skill despite a lack of underlying competence (see also: Elon Musk)
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It’s a silly idea that being the second largest donor to a political party in the US buys you special favors? Why else would anyone give that kind of money to politicians without expecting something in return?
I'd expect that the something in return buys you a king's seat at the regulatory table, not quite a get-out-of-jail-scott-free-for-stealing-billions card. I'm sure that in a few years, once the courts get everything sorted out, we'll learn which of our prejudices is closer to reality. As of today, though, we're both just speculating.
Somewhat unrelated to this article, but could someone clear up a point of confusion for me? There are people blaming the CTFC and Congress and the Democrats that SBF donated to for not regulating this. But was FTX (the Bahamian entity) even under their purview? AFAIK, you weren't even allowed to access FTX from a USA IP address, you had to use a VPN. You could access FTX US which was a different thing and offered a m…