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Sam Bankman-Fried doesn't recall

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51–60 of 123 posts

Re: Sam Bankman-Fried doesn't recall

#51
post #4

Molly White has been at the court and livestreaming her notes about the trial each evening. Her commentary has been really fun to watch: https://www.youtube.com/watch?v=w6ZR0rgWB_8

It's fascinating to see how both sides have their fanatics. It's like a religion.

Re: Sam Bankman-Fried doesn't recall

#53
post #25

“I found myself reflecting on how smart the average person is. Maybe they don’t know calculus. Maybe they’ll never read Ulysses. Maybe they can’t code. But they definitely know how to identify bullshit when they see it.” How could anyone believe this? “Average” people fall for bullshit all the time.

If we're derailing the discussion anyway, 'knowing' calculus and reading Ulysses is more of a matter of interest than intelligence, and being able to code covers a wide spectrum of skill.

Re: Sam Bankman-Fried doesn't recall

#54
post #38

Earlier quoted context omitted.

Yes, not a lawyer so maybe theres some nuance here but.. I don't get taking the stand voluntarily to just say "I don't recall" endlessly? At some point does the judge tell you to GTFO and strike all your testimony? Can they instruct the jury in some manner harmful to you as a result of your obvious malign intent? Etc..

>I don't get taking the stand voluntarily to just say "I don't recall" endlessly? He's taking the stand (which is a risk) because his lawyer asks him questions that are favorable to him. The risk comes in because the prosecutor gets to cross examine the witness, which is where all this recall stuff came from.

But isn't it "too smart by half" kind of move? Clearly the prosecution is quite good, and clearly SBF is quite guilty.

He is going to get dragged through the mud having to respond "I dont recall" to a litany of embarrassing questions.. both because the lawyer is good and because he did lots of embarrassing things, openly..

Re: Sam Bankman-Fried doesn't recall

#55
post #4

Molly White has been at the court and livestreaming her notes about the trial each evening. Her commentary has been really fun to watch: https://www.youtube.com/watch?v=w6ZR0rgWB_8

https://www.mollywhite.net/

"I research and write critically about the cryptocurrency industry, blockchains, the idea known as "web3", and the tech industry more broadly. I'm a fellow at the Harvard Library Innovation Lab, and an affiliate of the Berkman-Klein Center for Internet & Society.

I run the website Web3 is Going Just Great , where I highlight examples of how cryptocurrencies, web3 projects, and the industry surrounding them are failing to live up to their promises. I also publish a regular newsletter, and have written a series of essays about blockchains."

Re: Sam Bankman-Fried doesn't recall

#56
post #38

Earlier quoted context omitted.

Yes, not a lawyer so maybe theres some nuance here but.. I don't get taking the stand voluntarily to just say "I don't recall" endlessly? At some point does the judge tell you to GTFO and strike all your testimony? Can they instruct the jury in some manner harmful to you as a result of your obvious malign intent? Etc..

>I don't get taking the stand voluntarily to just say "I don't recall" endlessly? He's taking the stand (which is a risk) because his lawyer asks him questions that are favorable to him. The risk comes in because the prosecutor gets to cross examine the witness, which is where all this recall stuff came from.

The main reason it’s a risk is because it allows new evidence to be introduced into the record to check his story.

Did you say X? (Yes/no/maybe) Well here’s an interview you have where you said the opposite.

Now a magazine article is part of the court record and can be weighed along with the other evidence.

Re: Sam Bankman-Fried doesn't recall

#57
post #31

Earlier quoted context omitted.

You need knowledge for such a penetration. This kind of internal knowledge is usually only available to people working close to the execs.

All it took to get almost a million dollars from a customer of a previous employer was to penetrate the e-mail server, collect a list of high-value accounts and a sample billing statement, then to send an e-mail with "updated" banking credentials for a large payment which was coming due.

that happens all the time

Re: Sam Bankman-Fried doesn't recall

#58
post #25

“I found myself reflecting on how smart the average person is. Maybe they don’t know calculus. Maybe they’ll never read Ulysses. Maybe they can’t code. But they definitely know how to identify bullshit when they see it.” How could anyone believe this? “Average” people fall for bullshit all the time.

It's some gross arrogance to assume that smart people, for whatever the author thinks that even means, won't be tricked by a scam at some point in their lives.

Re: Sam Bankman-Fried doesn't recall

#59
post #25

“I found myself reflecting on how smart the average person is. Maybe they don’t know calculus. Maybe they’ll never read Ulysses. Maybe they can’t code. But they definitely know how to identify bullshit when they see it.” How could anyone believe this? “Average” people fall for bullshit all the time.

It's one thing to fall for bullshit under the right conditions (like, you want to believe) and another thing to be unable to see the bullshit when a smart prosecutor lays it out for you in detail.

Re: Sam Bankman-Fried doesn't recall

#60
post #31
post #20

What is amazing is that nobody infiltrated their structure and ran off with the money. There are sophisticated criminal organisations out there that go to much, much more effort to obtain funding. Just to take Hezbollah since it's all over the news recently: https://en.wikipedia.org/wiki/Funding_of_Hezbollah#Latin_Ame...

You need knowledge for such a penetration. This kind of internal knowledge is usually only available to people working close to the execs.

You also need knowledge and craft to get people in other countries' militaries to spy for you against their home country, yet this is done every day around the world. Compared to that (or compared to pretty much anything) FTX was a joke of an organization.
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