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Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too

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Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too

#11
post #3

>Bailhe remembers it the same way: “We had a great meeting with Sam, but the last question, which I remember Alfred asking, was, ‘So, everything you’re building is great, but what is your long-term vision for FTX?’” >That’s when SBF told Sequoia about the so-called super-app: “I want FTX to be a place where you can do anything you want with your next dollar. You can buy bitcoin. You can send money in whatever currenc…

This whole saga, together with the Twitter and Meta shitshows have been exposing the Emperor for wearing no clothes. Turns out the rich and powerful of Silicon Valley aren't super smart and wise folks to be looked up to. They're just regular people, a lot of them ignorant, that got lucky. Enough with the pedestals.

What they are is extremely aggressive, confident, and sociopathic, and they start out with a head start on resources.

That sequence of events is basically the magic formula.

Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too

#12
post #3

>Bailhe remembers it the same way: “We had a great meeting with Sam, but the last question, which I remember Alfred asking, was, ‘So, everything you’re building is great, but what is your long-term vision for FTX?’” >That’s when SBF told Sequoia about the so-called super-app: “I want FTX to be a place where you can do anything you want with your next dollar. You can buy bitcoin. You can send money in whatever currenc…

It’s almost like he has rich, well-connected parents who got him all this positive coverage and will make sure he never spends a day in jail.

Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too

#13
post #4
post #3

>Bailhe remembers it the same way: “We had a great meeting with Sam, but the last question, which I remember Alfred asking, was, ‘So, everything you’re building is great, but what is your long-term vision for FTX?’” >That’s when SBF told Sequoia about the so-called super-app: “I want FTX to be a place where you can do anything you want with your next dollar. You can buy bitcoin. You can send money in whatever currenc…

"you can exchange your money for goods and services" "HOLY SHIT WHAT A VISIONARY 10 OUT OF 10" Clearly SBF will truly be the first trillionaire

In a centralized exchange, controlled by 8 people, with 0 oversight. What a revolutionary.

Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too

#14
post #3

>Bailhe remembers it the same way: “We had a great meeting with Sam, but the last question, which I remember Alfred asking, was, ‘So, everything you’re building is great, but what is your long-term vision for FTX?’” >That’s when SBF told Sequoia about the so-called super-app: “I want FTX to be a place where you can do anything you want with your next dollar. You can buy bitcoin. You can send money in whatever currenc…

[deleted]

Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too

#16

Earlier quoted context omitted.

This whole saga, together with the Twitter and Meta shitshows have been exposing the Emperor for wearing no clothes. Turns out the rich and powerful of Silicon Valley aren't super smart and wise folks to be looked up to. They're just regular people, a lot of them ignorant, that got lucky. Enough with the pedestals.

Especially with Elon, who is the definition of failing up and getting lucky (see Zip2, Tesla, Space-X). Just having capital was enough to have actually intelligent people flocking to him. When Elon makes decisions (see PayPal, Twitter) they are shit.

See here's the problem. Getting distracted by the "spaceman bad" programming, while being robbed blind by media darlings like SBF. An actual fraud.

Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too

#17
post #4
post #3

>Bailhe remembers it the same way: “We had a great meeting with Sam, but the last question, which I remember Alfred asking, was, ‘So, everything you’re building is great, but what is your long-term vision for FTX?’” >That’s when SBF told Sequoia about the so-called super-app: “I want FTX to be a place where you can do anything you want with your next dollar. You can buy bitcoin. You can send money in whatever currenc…

"you can exchange your money for goods and services" "HOLY SHIT WHAT A VISIONARY 10 OUT OF 10" Clearly SBF will truly be the first trillionaire

It’s a sight to behold to see the mechanizations these parts of the economy go through to ascribe to skill and vision what is purely luck and confidence. Truly sophisticated allocators of capital.

https://youtube.com/watch?v=wz-PtEJEaqY

Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too

#18

Quoted post unavailable.

> No, just no. Why is the MSM putting out constant puff pieces about this guy?

Just to be clear, this is the archive of a puff piece published on the Sequoia Capital website: they were talking up their book. They took it down when they wrote their investment in FTX down to $0 (from over $200mm). It was neither published recently nor by a MSM outlet.

Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too

#19
post #18

Quoted post unavailable.

> No, just no. Why is the MSM putting out constant puff pieces about this guy? Just to be clear, this is the archive of a puff piece published on the Sequoia Capital website: they were talking up their book. They took it down when they wrote their investment in FTX down to $0 (from over $200mm). It was neither published recently nor by a MSM outlet.

Alright I’ll delete my rant. I thought it was after the news broke. Admittedly I only made it through a quick scan before becoming enraged.
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