561–570 of 748 posts
From https://www.cnbc.com/2022/12/13/sam-bankman-fried-denied-bai... : “Bankman-Fried's parents were animated during the proceeding, at times laughing or putting their fingers in their ears, according to Coindesk.” … what in the world.. I guess they really think they are going to somehow get him out of this.. how do they not understand that this type of behavior is not in any way helpful to him?
Here is SBF's full statement: https://www.forbes.com/sites/stevenehrlich/2022/12/13/exclus... Worth a read
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A16Z didn't invest in FTX
No, but they've been all over crypto: https://a16zcrypto.com/
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They did, Caroline also made a Tumblr post that said something like, "When I add being feminine to my dating profile should I put it before or after the section on wire fraud?"
I refuse to believe this. No one uses Tumblr.
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Best years? More like all the years.
He should not go to prison for life. Nobody should ever go to prison for life, for wasting money. Money is literally made up. Sure, opportunity cost is real, but seriously nobody should ever lose their life for money.
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I think that it is a thing for a shockingly large percent of parents. Historically children were the retirement plan (in addition to labor for the family). That type of thinking is fairly common.
> Historically children were the retirement plan They still are. It's just that the retirement plan has been socialized to the level of the nation state. The labor of the young takes care of the old. This is literally true in the case of social security which is funded by taxing current productive labor. This isn't necessarily bad, because it's the way it's always been. But it is something like a multi-generational p…
Is there going to be any reckoning for the VCs who poured money into this ridiculous business? I don’t see how you respect Sequoia’s judgement after this.
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> This isn't necessarily bad, because it's the way it's always been. I'm not sure this sentence make any sense. The same could be said about slavery. Is slavery not necessarily bad because it's the way it's always been?
You're right, that sentence is bad. Maybe I should have said it isn't obviously bad or some new, modern evil that we just invented. It's how human social groups that take care of their non productive elderly have always operated.
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The fact that they named the chat group channel for their executives (SBF, Caroline, others) "Wirefraud" is jawdropping.
Tell me they didn't...
https://www.theguardian.com/business/2022/dec/13/sam-bankman...