FTX Future Fund
ftxfuturefund.org
FTX Future Fund
1–10 of 74 posts
Re: FTX Future Fund
#2You want to reduce risk? Stop letting people gamble with 20x leverage.
Re: FTX Future Fund
#3Anyone else oddly skeptical of FTX? They seemingly came out of no where with ungodly amounts of money, and began slapping their name on anything and everything.
Re: FTX Future Fund
#4Anyone else oddly skeptical of FTX? They seemingly came out of no where with ungodly amounts of money, and began slapping their name on anything and everything.
The story is that their founder made billions of a crypto trade a couple years ago so I think they might have the funding to do stuff like this.
Re: FTX Future Fund
#5Anyone else oddly skeptical of FTX? They seemingly came out of no where with ungodly amounts of money, and began slapping their name on anything and everything.
There’s incredible amounts of capital going into the crypto industry and FTX is one of the biggest players. There may be some froth but they seem like one of the least shady players in the space to me.
Re: FTX Future Fund
#6Anyone else oddly skeptical of FTX? They seemingly came out of no where with ungodly amounts of money, and began slapping their name on anything and everything.
There’s incredible amounts of capital going into the crypto industry and FTX is one of the biggest players. There may be some froth but they seem like one of the least shady players in the space to me.
The question is how and why FTX became big given that BitMEX already existed.
Re: FTX Future Fund
#7Anyone else oddly skeptical of FTX? They seemingly came out of no where with ungodly amounts of money, and began slapping their name on anything and everything.
The story is that their founder made billions of a crypto trade a couple years ago so I think they might have the funding to do stuff like this.
To extend on that, he’s done a couple ho hour interview with Sam Harris on ‘earning to do good’
Re: FTX Future Fund
#8Anyone else oddly skeptical of FTX? They seemingly came out of no where with ungodly amounts of money, and began slapping their name on anything and everything.
No. I have some mutual acquaintances with the owner through effective altruism and I've heard good things. It's pretty insane that he left Jane Street to try make more money to give to effective charities and now at 29 is worth $22.5 Billion! So they have the money to spend on these things and the fact he's running a future fund makes total sense based on what his original goals were.
Re: FTX Future Fund
#9Anyone else oddly skeptical of FTX? They seemingly came out of no where with ungodly amounts of money, and began slapping their name on anything and everything.
No. I have some mutual acquaintances with the owner through effective altruism and I've heard good things. It's pretty insane that he left Jane Street to try make more money to give to effective charities and now at 29 is worth $22.5 Billion! So they have the money to spend on these things and the fact he's running a future fund makes total sense based on what his original goals were.
Where did that money come from, though? People getting margin called on their life savings?
Update: I assume the majority of SBF's net worth is from FTX not Alameda, so my question is where does FTX's money come from. I assume it's from wrecking retail traders.
Re: FTX Future Fund
#10The "Project Ideas" section has next to nothing regarding energy. Surprising given the focus on "humanity's long-term prospects".