71–80 of 101 posts
https://www.ycombinator.com/ Is every number on that page real time accurate? Is the combined value $600bn - if it is 599bn or even 601bn then ding ding ding we have ourselves fraud.
https://en.wikipedia.org/wiki/National_Debt_Clock - Can I get any and all people behind this (and Similar Projectes) jailed for fraud?
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> Pretty insane that Sam Bankman-Fried decided to plead not-guilty. Would easily bet that was his decision. He's obviously made insanely stupid choices already, like leaking Caroline Ellison's journal and getting his bail revoked. I'm sure he was counseled against it, but his lawyers were probably like "well, he wants to swing the bat, and we get paid more if it goes to trial anyway."
>> Pretty insane that Sam Bankman-Fried decided to plead not-guilty. >Would easily bet that was his decision. That's a tautology. His decision to plead not-guilty is literally his decision.
Was the exchange actually running on Python? Or was Python used for less intensive stuff?
Python usage != incompetent financial institution. 1) even before the speedups done now on CPython, PyPy has always existed (and NumPy was HW-accelerated) and more importantly 2) It has a native arbitrary-precision decimal type. Even other languages seriously used in financial institutions like OCaml ( https://discuss.ocaml.org/t/ocaml-needs-an-arbitrary-precisi... ) doesn't even provide it natively.
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> Pretty insane that Sam Bankman-Fried decided to plead not-guilty. Would easily bet that was his decision. He's obviously made insanely stupid choices already, like leaking Caroline Ellison's journal and getting his bail revoked. I'm sure he was counseled against it, but his lawyers were probably like "well, he wants to swing the bat, and we get paid more if it goes to trial anyway."
>> Pretty insane that Sam Bankman-Fried decided to plead not-guilty. >Would easily bet that was his decision. That's a tautology. His decision to plead not-guilty is literally his decision.
and decent lawyers would have told him to STFU and not do a bunch of things he did. and would have likely told him to plead out.
A tip: If you intend to commit fraud or other illicit activity dont host / store your code on Microsoft GitHub. Hmm in fact dont use git at all. Law enforcement only need to find a single developer pc/laptop/whatever and they will have the entire history, comments, who did it, and code. Having it all in a centralized system that is configured to be easily nuked is safer, than trying to nuke every laptop/pc/whatever t…
However, it seems that the FTX people were not really bothered to cover their tracks.
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I personally never found him charismatic at all, even before all of this got exposed. He has always seemed like a tweaker who thought himself smarter than he is, which is exactly what he turned out to be. I honestly struggle to understand how anyone would listen to him for any length of time.
What if he paid you to listen? You know, hypothetically speaking
Picked an interview ar random. He is not charismatic, but he can talk like so many banking VPs talk ( almost no substance ). This may have helped him make people part with money.
There has obviously been some bad stuff going on over at FTX, but is the counter on a website really the "most" proof that they could find? https://www.ycombinator.com/ Is every number on that page real time accurate? Is the combined value $600bn - if it is 599bn or even 601bn then ding ding ding we have ourselves fraud. https://en.wikipedia.org/wiki/National_Debt_Clock - Can I get any and all people behind this (and…
A tip: If you intend to commit fraud or other illicit activity dont host / store your code on Microsoft GitHub. Hmm in fact dont use git at all. Law enforcement only need to find a single developer pc/laptop/whatever and they will have the entire history, comments, who did it, and code. Having it all in a centralized system that is configured to be easily nuked is safer, than trying to nuke every laptop/pc/whatever t…
or if you have any downtime you lose all of your shit
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Sequoia led their one of their rounds, everyone assumed sequoia did enough due diligence, everyone goes in and fills the round; it's assumed its a trustworthy platform for retail
I honestly feel Sequoia should be held partially responsible for funding and marketing such a blatant criminal enterprise. I'm a little tired of these venture capitalists claiming all innonence when they should have a burden of responsibility. They want all the upsides and none of the downsides to throwing millions at people.