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Sam Bankman-Fried tries to explain himself

vox.com

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Re: Sam Bankman-Fried tries to explain himself

#111

Post by AlexandrB »

kranke155 wrote: post #56

SBF, his foundation and his family are well connected politically. NYT already did a bizarro puff piece on him, now Vox does this (which apparently directly received FTX foundation money). It’s absurd as he is essentially a well connected criminal. edit I do want to correct one thing - this is not a puff piece like the NYT one, actually it implicates him.

How is this a puff piece? Just posting these chat transcripts is damaging to his reputation and probably his chances in court. He does not come off looking good here.

Re: Sam Bankman-Fried tries to explain himself

#112

Post by CuriousCosmic »

data_maan wrote: post #104
monero-xmr wrote: post #49

Earlier quoted context omitted.

Encrypted messaging also helps terrorists, child sex abusers, arms dealers, and all manner of crime. It would be 100% safer if all messages were funneled through government servers for scanning. However, as a society a choice we made was to enable individuals to message secretly with each other over encrypted communications, even if there are significant and documented harms to society. Tornado Cash did not rob from…

> It would be 100% safer if all messages were funneled through government servers for scanning. Uh... what?! You do know that if you break encryption for gov't you break it for the bad guys as well?... You do know that there are all kinds of nations that will throw you in prison if you hold the "wrong" opinions, which those opinions become known when they are funneled through the gov't servers?...

You might want to re-read that. The comment was comparing privacy preserving transactions against privacy preserving messages to illustrate the point that both are essential technologies for society.

Re: Sam Bankman-Fried tries to explain himself

#113

Post by RobLach »

leesalminen wrote: post #63
jeffbee wrote: post #45

Earlier quoted context omitted.

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?

Sure but FTX was throwing money to both parties https://www.coindesk.com/policy/2022/04/11/ftx-co-ceo-donate...

Re: Sam Bankman-Fried tries to explain himself

#114

Post by sesuximo »

roywiggins wrote: post #15

> 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…

Technically he’s probably one of the poorest people in the world

Re: Sam Bankman-Fried tries to explain himself

#116

Post by harry8 »

SBF has used at least one cpu attached to a network on the critical path of his actions. Will this be enough to cause people to be stupid enough to let his powerful and connected family and friends get him off light? People in positions of power seem to get awfully stupid when there's a cpu attached to the network on the critical path.

Madoff, no cpu on the network on the critical path. All understandable and could have been done the same with paper and a filing cabinet.

SBF - so the code actually does (brain shuts down).

Interesting to see if this is so extreme people will keep thinking through the part where they want to stop because "computer"

Re: Sam Bankman-Fried tries to explain himself

#118

Post by wollsmoth »

xur17 wrote: post #84
wollsmoth wrote: post #36

Earlier quoted context omitted.

Holmes is getting sentenced this week. It took years to get there. This isn't going to happen overnight.

Why did it happen overnight for the programmer that helped create Tornado cash then?

different legal system. Also check the other reply to you.

Re: Sam Bankman-Fried tries to explain himself

#119

Post by pr337h4m »

It's surprising that SBF sounds so libertarian suddenly - he was lobbying for government control of crypto just one month ago (which rightfully made him super-unpopular among the OG crypto crowd) https://www.moneyandstate.com/blog/response-to-sbf

He does sound sincere here - no idea what to make of this.

Re: Sam Bankman-Fried tries to explain himself

#120

Post by AlexandrB »

SilasX wrote: post #100
hahaxdxd123 wrote: post #59

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…

FTX US failed too though.

Even though it was supposed to be a completely separate entity (or so we were told).

     ¯\_(ツ)_/¯
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