Sam Bankman-Fried tries to explain himself

Post by [deleted] » Wed, Nov 16, 2022, 11:32 PM UTC

Hippocrates wrote: post #135

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…

We have a lot of info on where the money went: A stadium name deal, F1 sponsorship, penthouse in a Bahamas resort, political donations, several DeFi ponzis that fell apart, acquisitions of BS companies, and similarly, bailing out numerous failed crypto projects over several years. With such a large sum gone, the tougher question is "where didn't he piss the money away?" We haven't seen as much commentary from him pos…

Post by molsongolden » Wed, Nov 16, 2022, 11:33 PM UTC

encryptluks2 wrote: post #243

molsongolden wrote: post #218

Earlier quoted context omitted.

He doesn't say he thinks it is okay to act unethically, he says that in general acting unethically doesn't matter the way he previously said it did because public perception is shaped more by winning than it is by whether the winner was ethical or unethical. Elsewhere in the DMs he says "I didn't want to do sketchy stuff [...] and I didn't mean to" and "it as never the intention". None of this reads like bombshell le…

Wow... > He comes across as maybe terrible or maybe someone who played a little too fast and loose with an explosively growing business of which he lost control. Same type of statement would be like... They came across as maybe terrible or maybe someone who just had a few too many drinks and then lost control of a new sports car that they were not familiar with and accidentally drove into a crowd of people.

Post by kragen » Wed, Nov 16, 2022, 11:35 PM UTC

throwaway821909 wrote: post #239

kragen wrote: post #62

tfw you forget the old friend you're dming on twitter about your life problems is now working as a reporter for vox and is going to post your whole dm thread as an article

I'd never heard of the guy until now so maybe it's obvious but you do wonder in these situations, he must have realised that the questions were leading to an article but did he expect the transcript to be published verbatim?

Post by ceejayoz » Wed, Nov 16, 2022, 11:38 PM UTC

leesalminen wrote: post #88

ceejayoz wrote: post #78

Earlier quoted context omitted.

It's protected speech. What you do with it can be criminal. Code for an Arduino that moves a robotic arm is legal. Using it to pull a trigger and kill someone isn't.

Of course. Was the tornado cash person arrested for using the code in an illegal way or just for publishing the code?

Post by ZephyrBlu » Wed, Nov 16, 2022, 11:39 PM UTC

molsongolden wrote: post #218

ZephyrBlu wrote: post #148

Author: "so the ethics stuff - mostly a front?" SBF: "yeah" Absolutely gobsmacked. I saw these screenshots on Twitter and I thought they were fake until I read the article. The rest of the messages from him are pretty terrible as well. I thought he just fucked up, but no. He was wilfully unethical and maintains he did nothing wrong: "Sometimes life creeps up on you". And the thing he regrets most is filing for Chapte…

He doesn't say he thinks it is okay to act unethically, he says that in general acting unethically doesn't matter the way he previously said it did because public perception is shaped more by winning than it is by whether the winner was ethical or unethical. Elsewhere in the DMs he says "I didn't want to do sketchy stuff [...] and I didn't mean to" and "it as never the intention". None of this reads like bombshell le…