no, no man. hell no, man.
Amazon’s already greenlit an FTX miniseries
71–80 of 98 posts
Re: Amazon’s already greenlit an FTX miniseries
#72Earlier quoted context omitted.
Once Bad Blood was published. It took a few years for the dam to break, but once it did the rest of the media piled on quick. The FTX dam broke a few weeks ago and so far the media generally seems unenthusiastic about covering the story. Most people I've mentioned it to haven't heard of it yet; that's the media's fault.
I don't think most people would recognize Elizabeth Holmes or Theranos. It's not like it's difficult to find FTX in the news anyway. https://usatoday.com/story/money/2022/11/17/ftx-collapse-ceo... https://usatoday.com/story/opinion/2022/11/19/ftxs-collapse-... https://usatoday.com/story/sports/nba/2022/11/22/miami-dade-...
> I don't think most people would recognize Elizabeth Holmes or Theranos.
I tend to agree. I've never spoke of theranos or EH with friends or more specifically my wife. The other day she brings it up...
"What do you know about Elizabeth Holmes? She just had a baby and is going to jail for 15 years"
The pregnancy / child / jail is what made my wife interested. I told her that I didn't have much information on the subject other than the company said they could do x, pulled in a ton of cash, and couldn't do x. She then proceeded to watch every documentary / book / article she could find on EH and Theranos.
It was the pregnancy topic that made my wife interested. Not the amount of money or fraud, pregnancy which is something she can relate to.
Re: Amazon’s already greenlit an FTX miniseries
#73Related: Apple is reportedly nearing a deal for the rights to Michael Lewis’ upcoming book on Sam Bankman-Fried and FTX.[^1] Lewis is the author of The Big Short and Moneyball. [1]: https://deadline.com/2022/11/apple-deal-michael-lewis-book-c...
Im still surprised Flash Boys hasn’t materialized into a movie yet, maybe it’s a bit past the point of relevance now.
Moneyball and The Big Short were about major events that Americans noticed and cared about. Flash Boys wasn't. Most Americans never even heard of HFT.
I still think it would be a great movie, but it never had the same relevance.
Re: Amazon’s already greenlit an FTX miniseries
#74Of course they are, when you or I steal 1000$ we go to prison, when a Bankman steals billions of dollars they make a series to tell you how it was a mistake and he only had good intentions and the fact he donated tens of millions to the president's campaign and even donated to those investigating him right now, is purely a coincidence and has nothing to do with him not going to prison.
Why do you think the miniseries will take his side? The “white collar crime miniseries” genre is generally not flattering to those involved.
For some reason a lot of people think SBF had super connections that will let him get away with crimes. A lot of it reads as very politically partisan (he gave money to Democrats therefor they won't prosecute) and not based in reality.
Re: Amazon’s already greenlit an FTX miniseries
#75So this isn’t really a big story yet, is it? I’m staying at my parents’ house for thanksgiving and when I asked them about it they both had no idea what I was talking about. My mom faintly remembered something about some crypto guy or something, but “FTX” didn’t ring a bell. This was very surprising to me because they are older and watch the news on television every day. I think their schedule is fox news from 5-6, t…
It's not a big story yet because the contagion is confined to crypto and there are no convictions yet.
But SBF should be thankful for Musk. Twitter's upheaval is more important to most people, and that seems to be sucking up most of the "look at this business" attention. And Musk was a bigger deal beforehand. (I mean, Musk is still a bigger deal. But I just meant in terms of as a multiplier on the underlying story.)
Re: Amazon’s already greenlit an FTX miniseries
#76So this isn’t really a big story yet, is it? I’m staying at my parents’ house for thanksgiving and when I asked them about it they both had no idea what I was talking about. My mom faintly remembered something about some crypto guy or something, but “FTX” didn’t ring a bell. This was very surprising to me because they are older and watch the news on television every day. I think their schedule is fox news from 5-6, t…
As someone who doesn't really follow all this closely, it comes off as yet another case of crypto people scamming eachother. Most people don't really care what happens in the crypto world.
Re: Amazon’s already greenlit an FTX miniseries
#77I hope they ditch any attempt at making it serious or realistic. Just have it Silicon Valley style and every episode starts with some wacky attempt at making a big scoring trade which ultimately fails and the episode ends with someone going. Don’t worry, we only lost 200mil, but we’ve gotten 400mil user deposits in the same time, all we need is one great trade and we can cover the whole!
Repeat and rinse for every new episode, until people get tired of the series and they cancel it, which then leads to the final episode where it all blows up, SBF sits down looking defeated, says sorry and then some financier goes, that’s alright, honest mistake, here’s 300mil let’s start up FTX2 fade to black.
Re: Amazon’s already greenlit an FTX miniseries
#78Related: Apple is reportedly nearing a deal for the rights to Michael Lewis’ upcoming book on Sam Bankman-Fried and FTX.[^1] Lewis is the author of The Big Short and Moneyball. [1]: https://deadline.com/2022/11/apple-deal-michael-lewis-book-c...
It is incredible that the guy has been shadowing SBF for months and this happens.
Are you seriously suggesting that it’s a coincedence and not deliberate action on the side of Lewis? It’s not like there has been a shortage of people being perplexed by FTX/Alameda’s ability to seemingly print money, and it’s not like he wouldn’t be able to smell a potentially great story ahead of time.
Re: Amazon’s already greenlit an FTX miniseries
#79Earlier quoted context omitted.
Politicians were involved through donations. Whether to call that "compromised" is left as an exercise to the reader.
> Politicians were involved through donations. Whether to call that "compromised" is left as an exercise to the reader. Plenty of people hopelessly throw money at politicians. Most get no remuneration. Again, there is a paranoid subculture that assumes every donation brings legislative power, and for them, this is a relevant story. Most do not because, in most cases, it does not.
> there is a paranoid subculture that assumes every donation brings legislative power
And there is a certain class of people so naive that they think any individual would give hundreds of millions to a politician with nothing but just good intentions, and that any politician would warrant such a donation purely through being outstanding and Jo able politicians.
Re: Amazon’s already greenlit an FTX miniseries
#80Hopefully they're properly negative on SBF as opposed to the mainstream media that seems to be still effusing his praise or at least being neutral. Also there's still the criminal charges to come after this. I don't really understand why he's not already in prison.
In general, we don't put people in jail before they are convicted unless we think they will pose a further danger or flee. We wait until after they have been proven guilty to lock people up to punish them.
He's already being prevented from leaving the country (note, the country is the Bahamas where he had been living for years). He doesn't have access to FTX's accounts. It seems like it's harmless to leave him out until proven guilty.
The FBI and the Bahamanian government are still trying to figure out how to timeshare who interviews him when. The prosecutors are still working on understanding the full scope of damage done. Heck, there are lawsuits moving forward on where the primary forum for FTX's bankruptcy is, let alone who gets to throw him in jail first.
Keep in mind that the CEO brought in to clean up after Enron was also brought in to clean up FTX and try to organize the bankruptcy. The first thing he said to the court was he needed more time because this has the worst books he's ever seen and he doesn't even know what FTX owns. Like, he cannot find the paperwork and is trying to reconstruct some of their ownership from "third-party materials".
At least in the US, there are laws against multiple prosecutions. So if the prosecutors came at him with an easy case, they could accidentally give him immunity from the other related cases. So they have to build a big one before they actually prosecute. Imagine the uproar if he was prosecuted and punished for stealing $10MM and that kept him from being prosecuted for the rest of everything. Or if the prosecutors hinged everything on his cryptographic signed orders and it turns out the keys were taped to his monitor and, boom, reasonable doubt, so he walks.
It takes time. That's frustrating. But that little bit more time now had better be enjoyed. He's not getting out of jail for decades once he goes in.