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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

#41

Post by colpabar »

s28l wrote: post #24
colpabar wrote: post #15

Related: SBF is still scheduled to speak at a NYT sponsored event. The media sure likes this guy for some reason! https://www.nytimes.com/events/dealbook-summit#speakers

Against better judgement (and advice of counsel, presumably), this guy is still running his mouth to the media. If you had a disgraced former crypto CEO who was still willing to speak at your finance conference, wouldn't you keep him on the docket? I certainly would.

Fair point. I guess we’ll have to see how it goes. I imagine it’s going to be him saying how this was all just a big oopsie doodle in excel because he was too tired from playing LoL, and everyone around him will laugh and not ask any real questions, like who his parents are.

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

#42

Post by jasmer »

This article is the absolute crescendo of the overture of all of the rubbish of the last era of Valley shenanigans in a masterfully written dumpster fire of a puff piece.

As the show 'Silicon Valley' started the era with harmless satire, they made it real with this FTX big tent clownshow.

Every paragraph dripping with absolute glib, lack of self awareness.

"Compassionate To The Core" ... my god man I fell off my chair, got back on, and then fell off again ...

I suggest there exists no author who could have created such an inane story that makes 'Wolf of Wall Street' seem like a Dilbert cartoon.

Reality itself is much, much more entertaining than anything Netflix or god forbid even Scorsese himself could ever contrive.

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

#43

Post by ohgodplsno »

650 wrote: 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…

As is we needed more proof that venture capitalists are clowns.

Oh well. Extract money from these fools and hopefully don't be an FTX, make something that is useful to society. The more they lose on ventures, the more their capital is redistributed, hopefully to either competent people, or people that need it.

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

#44

Post by ryanwaggoner »

fedeb95 wrote: post #36

Effective altruism is just nonsense. Giving money "away" is so vague that it's obviously tax discounts. Away to whom? Will give money blindly really help solving problems or keeps them alive? A lot of questions pop up.

That’s a pretty funny take, and suggests you have no familiarity with EA, because it’s explicitly an approach to giving money away while taking exactly these questions into account.

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

#45

Post by skybrian »

fedeb95 wrote: post #36

Effective altruism is just nonsense. Giving money "away" is so vague that it's obviously tax discounts. Away to whom? Will give money blindly really help solving problems or keeps them alive? A lot of questions pop up.

Are you against all charity then? It's possible to give money away without doing it "blindly."

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

#47

Post by Emma_Goldman »

fedeb95 wrote: post #36

Effective altruism is just nonsense. Giving money "away" is so vague that it's obviously tax discounts. Away to whom? Will give money blindly really help solving problems or keeps them alive? A lot of questions pop up.

Why are you holding forth on something which you clearly know absolutely nothing about? I say this as someone who thinks that effective altruism is broken.

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

#48

Post by clpm4j »

_bqrf wrote: post #23

Sequoia capital published this. That should be in the title. Without knowing that this was a real article published by real people at Sequoia a couple of months ago, this reads like a try-hard troll. No! It’s real! (Sequoia is like the Stanford of venture capital and is one of ftx’s biggest investors)

Still crickets from the Sequoia partners (Alfred Lin, Michelle Bailhe) who backed and hyped FTX and SBF.

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

#49

Post by hotpotamus »

schintan wrote: post #38
hotpotamus wrote: post #33

Earlier quoted context omitted.

Matt Levine says he's a fan, and that makes sense to me - Levine was pretty well respected as a journalist before he interviewed Fried, but it probably gave him a huge bump in interest when he did and even more now.

Matt Levine said he 'liked' him, liking someone is very different than being a fan.

Ah, then whoever I'm quoting from HN who said that was mistaken, or I've remembered it incorrectly. I don't think it changes the point - he's good for Levine professionally; he'll never run out of material for his column at this point.

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

#50

Post by largepeepee »

hotpotamus wrote: post #33
s28l wrote: post #24

Earlier quoted context omitted.

Against better judgement (and advice of counsel, presumably), this guy is still running his mouth to the media. If you had a disgraced former crypto CEO who was still willing to speak at your finance conference, wouldn't you keep him on the docket? I certainly would.

Matt Levine says he's a fan, and that makes sense to me - Levine was pretty well respected as a journalist before he interviewed Fried, but it probably gave him a huge bump in interest when he did and even more now.

Credit when credit is due.

Matt did call him out months ago on about how cynical his take on crypto was.

Saying he was describing a scam.

And that raised many red flags for others on SBF's ethos.

SBF prolly noticed his error and took efforts to cozy up to Matt afterwards. Hard to resist liking a billionaire who spends on you. It's a superpower that few are immune to in this capitalist world.

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