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Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”

mollywhite.net

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Re: Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”

#81

Post by jzelinskie »

bradgessler wrote: post #2

What annotations software is this? All news should be reported this way when source documents are available. Edit: scrolled to the bottom of the page and found https://github.com/molly/annotate

My team recently built NextJS-based site with sets of annotations on the research paper our project is based on (Google Zanzibar):

https://authzed.com/zanzibar

https://github.com/authzed/zanzibar-annotated

Could be easily forked and used for other purposes. Happy to facilitate if we get any requests in the GitHub issues.

Re: Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”

#82

Post by grey-area »

timmytokyo wrote: post #14
stusmall wrote: post #6

Can he just gift wrap these statements with a little tag that says "To the prosecutors with love. Merry Xmas, SBF"

I'd love to know what his parents think of what he's doing. They're law professors at Stanford; they have to be aware of how utterly stupid this is, don't they?

His parents were signatories on a beach front house bought with 10m of FTX funds. That’s all you need to know about his parents.

Re: Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”

#83

Post by jakelazaroff »

notch656c wrote: post #77
stouset wrote: post #71

Earlier quoted context omitted.

Considered from an alternate perspective, the thing that has allowed crypto to become the massive grift that is has is the ability for anyone and everyone to speculate on it without any kind of oversight, regulation, insider trading protection, or guard rails of any kind. I won't speak specifically to the current reglatory definition of "accredited investor" which is certainly worthy of some criticism, but the "inves…

Yes I believe the poors ought to be able to drop bands on a well meaning idiot just as easily as the truck stop stripper.

What exactly is the upside of the scenario you're envisioning? Right now it just sounds like you wish the accredited investor rule didn't exist because it makes it harder to scam poor people.

Re: Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”

#84

Post by ibebrett86 »

bradgessler wrote: post #2

What annotations software is this? All news should be reported this way when source documents are available. Edit: scrolled to the bottom of the page and found https://github.com/molly/annotate

https://kaimerra.com/kaimerra-graffiti

I had worked on a tool for hosting collaborative editing of these kinds of things, but we are currently evaluating whether we should pursue it further.

Re: Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”

#85

Post by molly0x57 »

jzelinskie wrote: post #81
bradgessler wrote: post #2

What annotations software is this? All news should be reported this way when source documents are available. Edit: scrolled to the bottom of the page and found https://github.com/molly/annotate

My team recently built NextJS-based site with sets of annotations on the research paper our project is based on (Google Zanzibar): https://authzed.com/zanzibar https://github.com/authzed/zanzibar-annotated Could be easily forked and used for other purposes. Happy to facilitate if we get any requests in the GitHub issues.

This is super cool!

Re: Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”

#86

Post by automatic6131 »

breck wrote: post #49
rrdharan wrote: post #24

Earlier quoted context omitted.

> the crypto market is … so important Citation desperately needed.

Crypto is a 24/7 global, resilient payments network. It increases the velocity and transparency of money, which will have a huge impact on global economy. Also, if you think customers losing a $8B to FTX is bad, wait until you read about retail banks in the USA taking $30B a year from their customers: https://breckyunits.com/the-great-bank-robbery.html

>Crypto is a 24/7 global, resilient payments network.

Man, your mind is gonna be blown when you realise that you can have that _right_ now! All you have to do is move to a first world country*

*like the UK or any country in the EEA. US not included.

I jest, but my point is serious. This is already a reality for anyone living in Europe. It's a political problem (is a 24/7 global payment network important to people in democracies), and incidentally, crypto also faces the same political problem.

"ohhh but it's permissionless" yeah nah no one is taking in magic beans for value

Re: Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”

#87

Post by notch656c »

jakelazaroff wrote: post #83
notch656c wrote: post #77

Earlier quoted context omitted.

Yes I believe the poors ought to be able to drop bands on a well meaning idiot just as easily as the truck stop stripper.

What exactly is the upside of the scenario you're envisioning? Right now it just sounds like you wish the accredited investor rule didn't exist because it makes it harder to scam poor people.

I would use "scam" in the sense of offering unregistered securities. Not in the sense of willful fraud. In that sense yes I think the poors should have as much right to buy into a scam as the accredited investor.

Re: Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”

#88

Post by bmitc »

baby-yoda wrote: post #62
bmitc wrote: post #5

Sam Bankman-Fried is something else. He seems to be incapable of stopping talking, both before and after this saga. He also seems just purely delusional. He's co-conspirators have readily plead guilty. He has a tough hill to climb. Regarding Sam Trabucco, why do we not hear anything about him in these proceedings? How is it possible that he wasn't involved given he just up and left in just August 2022? Why hasn't he…

Is Trabucco the Lou Pai[0] of this scandal? How much did he walk away with? [0] https://en.wikipedia.org/wiki/Lou_Pai

Reading into that guy is something else. Imagine literally owning a 14,000 foot mountain. Absurd.

Re: Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”

#89

Post by crispyambulance »

detrites wrote: post #65
wpietri wrote: post #53

Earlier quoted context omitted.

I think there are a very small number of people who were interested in crypto from the get-go for what I'd consider good, socially positive reasons. To the extent that those people didn't cash in and are mad about how it turned out, I respect their pain. It's always hard to watch the beautiful dream get corrupted. It would have been a very interesting alternate timeline if those few pure souls were left to innovate q…

Maybe because the fruits of those few well-intentioned founders labours aren't blasted on the news 24/7 like SBF was, doesn't mean they don't exist? I've seen people in parts of South America where the banking system can be completely unusable, using their phone to send and receive crypto payments cheaply and reliably, enabling them to safely transact with family. I've heard of this also happening in Africa. Others,…

> Others, workers from Mexico for example, working in the US, are able to remit their small incomes back home for pennies instead of a 15% western union bite out of it.

... and ALSO occasionally have the value of explode or implode drastically because it's so volatile and extremely dangerous to use as actual currency.

And anyway, where are you getting that western union takes 15%? For fun, just looked up the fee on western union, to transfer $1000 cash from USA to Mexico as cash, is an $8 fee.

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