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Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

nytimes.com

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Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#31

Post by 77pt77 »

neilv wrote: post #22

> Both were involved in effective altruism — a community focused on using data to maximize the long-term impact of charitable donations. > She got into crypto, she explained on another episode, because she was hoping to make lots of money to give away as part of her commitment to effective altruism. Should the term be capitalized, as Effective Altruism ? It seems to be a new, branded definition, and not in common usa…

There are audio recordings of Fried saying that it was something he needed to say in order to fit in with the right crowd.

There were never any philanthropic objectives.

It was always a scam from the get go.

Also look into one-coin and Ruja Ignatova.

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#32

Post by dmix »

neilv wrote: post #22

> Both were involved in effective altruism — a community focused on using data to maximize the long-term impact of charitable donations. > She got into crypto, she explained on another episode, because she was hoping to make lots of money to give away as part of her commitment to effective altruism. Should the term be capitalized, as Effective Altruism ? It seems to be a new, branded definition, and not in common usa…

I also can’t think of Effective Altruism without thinking of the inverse radical Objectivism. I don’t agree with Ayn Rand’s amateur philosophizing [1] but it’s a great example of using the Rational vs Altruistic dichotomy for extreme ideological ends.

Both just happen to be able to justify the acquisition of infinite capital without typical counter-weights that society puts forward… and inversely to justify authoritarian state control of everything for either purely rational or purely altruistic pursuits as was in vogue in the 1910-1940s.

[1] https://en.wikipedia.org/wiki/The_Virtue_of_Selfishness

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#34

Post by NiloCK »

neilv wrote: post #22

> Both were involved in effective altruism — a community focused on using data to maximize the long-term impact of charitable donations. > She got into crypto, she explained on another episode, because she was hoping to make lots of money to give away as part of her commitment to effective altruism. Should the term be capitalized, as Effective Altruism ? It seems to be a new, branded definition, and not in common usa…

It absolutely should be!

This also applies to "open source" vs "Open Source". The former has regular connotations from regular English usage. The latter, and only the latter, should refer to the proprietary definition offered by the OSI.

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#35

Post by tootie »

xiphias2 wrote: post #26

Does this cooperation mean that those fraudsters don't go to prison? The whole team knew about stealing billions of dollars of money, clearly there's more than 1 person (and more than 1 company's executives) that need prison time.

It doesn't say specifically but if there was a grant of immunity it would probably say so. More likely they are pleading guilty which usually gets a lesser sentence in exchange for full cooperation and no trial.

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#36

Post by HN_is_for_gemes »

superkuh wrote: post #19

Nothing here happened on a blockchain. If it had there wouldn't have been problems. This is a typical finance market scam.

Exactly, crypto was only peripherally related to the legacy financial fraud. But everyone, including this site, wants you to think this was a, "crypto bro's" scam, SBF was NOT a crypto bro, he was a rich kid.

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#37

Post by HN_is_for_gemes »

77pt77 wrote: post #33
superkuh wrote: post #19

Nothing here happened on a blockchain. If it had there wouldn't have been problems. This is a typical finance market scam.

Kind of. One-coin fits your description better.

SBF would have scammed with anything instrument, only the media and gov wants you to believe it had anything to do with crypto

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#38

Post by jefftk »

neilv wrote: post #22

> Both were involved in effective altruism — a community focused on using data to maximize the long-term impact of charitable donations. > She got into crypto, she explained on another episode, because she was hoping to make lots of money to give away as part of her commitment to effective altruism. Should the term be capitalized, as Effective Altruism ? It seems to be a new, branded definition, and not in common usa…

> Should the term be capitalized, as Effective Altruism?

I've seen it written both ways, though it looks like lowercase is more common. Ex: Wikipedia uses lowercase https://en.wikipedia.org/wiki/Effective_altruism

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#40

Post by ceejayoz »

jcampbell1 wrote: post #30

In previous discussions, I said there was a 0% chance she got some sort of deal. I was downvoted to hell, but this guilty plea shows how it works in real life, not TV. The deal is you cooperate voluntarily and the court is allowed to provide sentencing leniency. The only thing she gets is the prosecution agrees to tell the court she cooperated.

> The only thing she gets is the prosecution agrees to tell the court she cooperated.

That is the deal. It's a cooperating plea deal; prosecutors will accept a much smaller sentence (out of the very wide ranges available) if they follow through on the coperating part.

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