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Sequoia has marked its investment in FTX down to $0

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Re: Sequoia has marked its investment in FTX down to $0

#41

Post by braingenious »

canoebuilder wrote: post #40
robswc wrote: post #16

I actually talked to Sam for a bit in the "early days" and he always seemed like an OK guy. Approachable and "honest" which makes this all the worse... I kept asking "why start an exchange when you're killing it with Alameda?" and his response seemed to consistently be about wanting to make a better product and legitimize crypto... ugh, don't even know what to think now... if that was all a front. It's really odd to…

Quoted post unavailable.

> Kanye West made some observations recently about some basic facts and statistics that some people seem preternaturally inclined to avert their eyes from

Can you elaborate on these facts? I haven’t really paid attention to Kanye since 808s and Heartbreak (a fantastic album)

Re: Sequoia has marked its investment in FTX down to $0

#42

Post by cycrutchfield »

braingenious wrote: post #41
canoebuilder wrote: post #40

Earlier quoted context omitted.

Quoted post unavailable.

> Kanye West made some observations recently about some basic facts and statistics that some people seem preternaturally inclined to avert their eyes from Can you elaborate on these facts? I haven’t really paid attention to Kanye since 808s and Heartbreak (a fantastic album)

The person above you is saying something anti-semitic and should probably be flagged into oblivion

Re: Sequoia has marked its investment in FTX down to $0

#43

Post by astrange »

baidifnaoxi wrote: post #23

From a linked article, a quote that basically describes the Federal Reserve >It’s almost as if SBF found a way to hack the financial system, printing billions of dollars out of thin air against which he was able to borrow massive sums from unknown counterparties. Almost as if he discovered a financial perpetual motion machine…

That's the Treasury.

The Fed loans you money. If you confuse someone lending you money with them giving you money you have a problem.

Re: Sequoia has marked its investment in FTX down to $0

#44

Post by braingenious »

cycrutchfield wrote: post #42
braingenious wrote: post #41

Earlier quoted context omitted.

> Kanye West made some observations recently about some basic facts and statistics that some people seem preternaturally inclined to avert their eyes from Can you elaborate on these facts? I haven’t really paid attention to Kanye since 808s and Heartbreak (a fantastic album)

The person above you is saying something anti-semitic and should probably be flagged into oblivion

Oh. Well that’s ridiculous

Re: Sequoia has marked its investment in FTX down to $0

#46

Post by MandieD »

techsplooge wrote: post #5

So much FUD around this event. FTX is fine, they have a stadium and other high profile sponsorships.

Not sure if this was sarcasm, but during the transition from Dotcom Boom to Dotcom Bust, it was a bit of folk wisdom that if you saw a Dotcom rename a stadium, its shareholders best start selling and its employees best start job hunting.

Re: Sequoia has marked its investment in FTX down to $0

#47

Post by sfe22 »

ijustwanttovote wrote: post #38
paulpauper wrote: post #3

$0. That sounds about right. Wow.. I think Mr. Bankman's wealth was $100 billion in Jan 2022 according to a Fortune estimate. I wonder what would have happened had CZ not made that tweet. Hmm...makes you wonder who profited from all of this. Imagine if binance bought puts on BTC before this announcement.

Binance probably shorted FTT and SOL. I would’ve done the same if I wasn’t based in the USA.

I think they had plenty of FTT, probably just sold their instead.

Re: Sequoia has marked its investment in FTX down to $0

#48

Post by dorkwood »

bowenjin wrote: post #29
techsplooge wrote: post #5

So much FUD around this event. FTX is fine, they have a stadium and other high profile sponsorships.

I feel had this comment been on reddit, it would have been interpreted as sarcasm and received upvotes.

Really? In my experience, sarcasm doesn't fly on reddit unless you end with /s

Re: Sequoia has marked its investment in FTX down to $0

#49

Post by rchaud »

dghlsakjg wrote: post #36
SantalBlush wrote: post #18

Earlier quoted context omitted.

Also, this >I know this for a fact because I’ve subsequently watched YouTube’s best on the same subject should never be said about any subject, unless it's being said ironically.

I mean, MIT, Harvard, LSE, Chicago and others have Econ course lectures on YT. You can watch lectures from lecturers that students at these institutions have trouble getting access to. Don’t be so sure that you can’t learn from the absolute best on YT.

A YT video does not give you assignments, reading lists or office hours to ask questions in.

I'd question the value of OCW-only autodidacts, in much the same way I would someone who claimed fitness training is unnecessary because he already knows about proper form having Arnold Schwarzenegger's VHS workout tapes.

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