SBF getting in character now and practicing his deception and manipulation skills in front of the mirror.
Isn't that what the media tour has been for?
SBF scheduled to testify tomorrow at US House hearing on FTX collapse
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Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#22Does anyone else find it extremely ironical that FTX happened in crypto? Wasn't FTX one of the things crypto was meant to solve?
Decentralized exchanges can solve some of the problems now plaguing FTX investors, but there is still a big problem that the blockchain can’t solve: on and off ramps to fiat.
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#23Earlier quoted context omitted.
No, not even remotely. FTX is a centralized exchange, and is the opposite of what crypto’s original philosophy is
Kind of like how git made tools for decentralized development widespread, so nobody uses centralized intermediaries to host their repositories any more. /s
I don't think the /s is needed, decentralisation of "power" or "authority" has never worked. Decentralised protocols can work, such as Git, but people in general are both lazy and don't care. They will always gravitate towards the easy option, which is giving someone else control.
What does work is centralise powder and authority with democratically chosen rules and regulations. It's the easy option, and it works. Fundamentally that's the thing "crypto" misses, those democratically created rules are there to protect the masses from the few. Unwittingly (?) the creators of Bitcoin actually created the greatest tool ever for financial crime and defrauding the unwitting general public when they were actually trying to empower them.
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#24Will this be streaming somewhere hopefully?
Cspan
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#25If you are testifying remotely, I suppose you are still under oath and have serious consequences for perjury ?
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#26SBF getting in character now and practicing his deception and manipulation skills in front of the mirror.
SBF should not be underestimated, he might be hard stuck in the silver league of LoL, but he is GM level or above at bullshit. Observing him dodging questions and managing to deflect the heat of relatively tenacious and seasoned journalists is a sight to behold. As irritating as it is impressive. Politics might have been a better fit for him.
His parents are endowed professors at Stanford Law, so it's not surprising that he learned these skills.
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#27[deleted]
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#28Earlier quoted context omitted.
No, not even remotely. FTX is a centralized exchange, and is the opposite of what crypto’s original philosophy is
Kind of like how git made tools for decentralized development widespread, so nobody uses centralized intermediaries to host their repositories any more. /s
I mean, at least git is easily "re-decentralizable" if you have to: Just add another remote to your working copy and push your state.
I also believe there are lots of companies who run their own internal git services to not be dependent on GitHub.
I agree though, in theory, git would allow some fully p2p working mode, where each developer just adds the machines of the other developers as remotes and there is no "authoritative" remote at all. If that was ever seriously proposed as a real working mode, it definitely didn't catch on, due to it quickly becoming extremely confusing.
In practice, having one universally agreed upon "authoritative" location of the project repo gives you an enormous amount of advantages, more than a p2p setup would give you.
I think as long as you can freely choose where to host that authoritative version and can quickly change its location if need be, I'd still consider git to be decentralised in practice.
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#29Earlier quoted context omitted.
No, not even remotely. FTX is a centralized exchange, and is the opposite of what crypto’s original philosophy is
Kind of like how git made tools for decentralized development widespread, so nobody uses centralized intermediaries to host their repositories any more. /s
You'd be extremely foolish for your github or gitlab code to not be backed up on any devices you own
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#30If you are testifying remotely, I suppose you are still under oath and have serious consequences for perjury ?
Yes