Does anyone else find it extremely ironical that FTX happened in crypto? Wasn't FTX one of the things crypto was meant to solve?
No, not even remotely. FTX is a centralized exchange, and is the opposite of what crypto’s original philosophy is
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
#32SBF 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 bullshit doesn't get challenged. This same media machine could make him an 'unperson' if they wanted. He has political capital in the sense that his going down may affect others. It is possible that it is these others that are likely being protected here.
As for "tenacious and seasoned journalists", my favorite these days is Whitney Webb:
https://unlimitedhangout.com/2022/12/investigative-reports/f...
That is tenacious journalism.
--
Just a p.s. regarding who is who. The David Tang character from the above article piqued my interest.
Wiki entirely forgets to mention this guy was chairman of SF Federal Reserve Board (as article mentioned in passing):
https://en.wikipedia.org/wiki/David_Tang
"The Federal Reserve Bank of San Francisco named David K.Y. Tang, a partner at law firm Preston Gates & Ellis, as chairman of its nine-member board of directors."
https://www.latimes.com/archives/la-xpm-2005-dec-16-fi-calbr...
David and friends: https://duckduckgo.com/?q=David+K.Y.+Tang+and+friends&t=ffab...
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#33If someone has a direct contact to someone from the committee please forward them this video: https://www.youtube.com/watch?v=4o_jPzBZSIo
Here [0] is the current membership of the committee (note it will change in 2023). I don't expect too many tough questions. [0] https://financialservices.house.gov/about/committee-membersh...
Sounds like he finally got some good advice: he's testifying in the House but not the Senate.
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#34If 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
#35If you are testifying remotely, I suppose you are still under oath and have serious consequences for perjury ?
but seriously, I'm not sure how much they expect from this. He does have a legitimate excuse of being cut off from all the corporate data, so he can just keep replying "I'd tell you but the bankruptcy ceo took all my data".
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#36Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#37Earlier quoted context omitted.
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
#38Earlier 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
That many people choose to use it though centralized services such as Github doesn't diminish its power as a tool for decentralized software development compared with earlier tools such as cvs and svn.
Likewise, Bitcoin and Ethereum also enable decentralized coordination that wasn't previously practical, and the fact that accessing them via centralized middlemen is currently popular doesn't change that.
Re: SBF scheduled to testify tomorrow at US House hearing on FTX collapse
#39Earlier quoted context omitted.
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
#40If you are testifying remotely, I suppose you are still under oath and have serious consequences for perjury ?
yes, so he's been hard at work practicing coming up with all kinds of non-answers several interviews a day. but seriously, I'm not sure how much they expect from this. He does have a legitimate excuse of being cut off from all the corporate data, so he can just keep replying "I'd tell you but the bankruptcy ceo took all my data".
The only people who can do anything meaningful about SBF are working for the DOJ, and they don't do their work by holding public hearings.