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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

#91

Post by JamesianP »

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.

Can someone explain this trick to me. How can I benefit from a tax break on money that I gave away? given that I don't have the pretax money anymore either (you'll recall earlier in the story I gave it away..).

Are they giving it to themselves somehow? At best I can imagine they get their name on a school or something, a nice thing but hardly the same as still having the 100 million or whatever bucks in their pocket.

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

#92

Post by fallingknife »

ModernMech wrote: post #29
memish wrote: post #16

Earlier quoted context omitted.

See here's the problem. Getting distracted by the "spaceman bad" programming, while being robbed blind by media darlings like SBF. An actual fraud.

Musk is an actual fraud: https://twitter.com/capitolhunters/status/159330754193247436... Elon Musk has lied for 27 years about his credentials. He does not have a BS in Physics, or any technical field. Did not get into a PhD program. Dropped out in 1995 & was illegal. Later, investors quietly arranged a diploma - but not in science. Note: You may have to refresh a couple times, because as Twitter slowly collapses und…

Why on earth would anybody care if Elon musk has a degree or not?

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

#93

Post by hotpotamus »

vba616 wrote: post #78
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.

>but it probably gave him a huge bump in interest when he did and even more now Nobody listened to or remembered the interview until a couple of people pointed out how prophetic it was with hindsight . Levine found SBF pleasant to talk to and he's amused by financial chicanery. At the time he said it sounded like a Ponzi, and SBF agreed, but after FTX blew up, it turned out to be so much more. They didn't have an acc…

I listened to it at the time because although I'm not a regular listener to the Bloomberg Oddlots podcast, I've actually been subscribed for years and pick out the occasional episode and saw that Levine was on it. I had zero idea who Bankman-Fried was at the time, and was very amused by the whole thing. I assumed he was some sort of fringe ne'er do well who was willing to come on and talk about how scammy the whole ecosystem was, and I didn't actually realize that he was a big deal until some time later and I was shocked at how matter-of-fact he was about the whole thing.

So that is to say, I heard it, but I didn't realize the significance. And Levine is probably the best explainer and journalist in the financial space today.

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

#94

Post by hotpotamus »

vba616 wrote: post #85
hotpotamus wrote: post #49

Earlier quoted context omitted.

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.

Saying that the mess is good for him to write about now is completely different than insinuating he was promoting FTX this spring , especially while simultaneously taking the position that he exposed it (which is mostly hindsight). He's always talked about criminal and unethical behavior in an understated and humorous way in his column, and as a private individual, should be exempt from the slimy methods of character…

I'm sure I could have said it better. I listened to the Bankman-Fried episode of Oddlots when it aired not because I had any idea who Bankman-Fried was, but because it was an episode with Levine on it. I think he's the best financial writer working today bar none. So I'm not trying to cast aspersions on Levine.

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

#95

Post by fedeb95 »

gruez wrote: post #80
karpierz wrote: post #53

Earlier quoted context omitted.

It is nonsense, but I don't think this is the right critique. EA is very focused on answering "where should money go". EA is notably less interested in answering "where should money come from" and "what impact does the manner in which I earn money have".

>EA is notably less interested in answering "where should money come from" and "what impact does the manner in which I earn money have". Says who? https://en.wikipedia.org/wiki/Earning_to_give#Earning_to_giv...

EA seems just a modern rebranding of old ideas which this time around appeals to wealthy individuals because it doesn't challenge their wealth

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

#96

Post by ignoramous »

jasmer wrote: post #42

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 chai…

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

> ... "Compassionate To The Core" ...

The elites are truly out of touch with the reality. Some are unhinged. It is baffling.

Just the other day, some exec, who worked with Musk at Tesla, wrote that him acquiring Twitter was the part of a master plan to fix the climate: https://archive.is/uSz6I

Read also: The Michael Scott theory of social class (2021), https://danco.substack.com/p/the-michael-scott-theory-of-soc...

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

#97

Post by ModernMech »

fallingknife wrote: post #92
ModernMech wrote: post #29

Earlier quoted context omitted.

Musk is an actual fraud: https://twitter.com/capitolhunters/status/159330754193247436... Elon Musk has lied for 27 years about his credentials. He does not have a BS in Physics, or any technical field. Did not get into a PhD program. Dropped out in 1995 & was illegal. Later, investors quietly arranged a diploma - but not in science. Note: You may have to refresh a couple times, because as Twitter slowly collapses und…

Why on earth would anybody care if Elon musk has a degree or not?

The better question is: why is Elon lying about it, and shouldn’t we care about that? Not having a degree is not evidence of a character flaw. Lying about having one to everybody for over two decades indicates a deep sociopathy.

Fact is that the myth of Elon Musk depends on him being a nerd with technical and scientific chops. Claiming to have degrees and to have been accepted into a PhD at Stanford is the foundation of that myth. It’s the height of fraud.

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

#98

Post by nervlord »

randal_handle wrote: post #75
PM_me_your_math wrote: post #40

I've learned from this article that altruism means stealing billions to prop up your girlfriend's company. Thanks SBF!

It's not her company. He owns most of the company and she was just the CEO. He was giving money to himself.

No post body was provided.

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

#99

Post by dang »

loceng wrote: post #8
willmadden wrote: post #6

Quoted post unavailable.

Look to who has captured MSM to find the answer.

We've banned this account for using HN primarily for ideological battle and ignoring our requests not to do that and also not to post flamewar comments.

https://news.ycombinator.com/item?id=30197457 (Feb 2022)

https://news.ycombinator.com/item?id=26116840 (Feb 2021)

https://news.ycombinator.com/item?id=22274517 (Feb 2020)

https://news.ycombinator.com/item?id=21195104 (Oct 2019)

https://news.ycombinator.com/item?id=19815709 (May 2019)

Your account has been hovering in bannability for a long time, and yes, an anti-Semitic trope (let's call it what we all know it is) is enough to push it over the finish line.

https://news.ycombinator.com/newsguidelines.html

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

#100

Post by voisin »

giantdude wrote: post #54

not again... https://news.ycombinator.com/item?id=33549059 https://news.ycombinator.com/item?id=33672924 https://news.ycombinator.com/item?id=33573636 https://news.ycombinator.com/item?id=33543718 https://news.ycombinator.com/item?id=33527047 https://news.ycombinator.com/item?id=33568141 https://news.ycombinator.com/item?id=33554271 https://news.ycombinator.com/item?id=33551288 Maybe enough with this. Hacker _News_,…

It’ll stop when Sequoia puts it back on their website :-)
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