Full First Interview With Sam Bankman-Fried

in crypto •  2 years ago 

Please don't gag.

I'm saving the transcript, as he seems to have a PhD in bovine scatology.

One example, in answer to the backdoor-man allegation:

I can tell you is definitely not true. I don't even know how to code (!!) is the honest, embarrassing after. I certainly wasn't like building some back door in this system, I could barely use the system. (!!!)

I had a suspicion he didn't know what he was doing. But in defending himself he also adds to the accusation of why there was no competent CFO - or a CTO. Trying to position himself as some patsy isn't gonna wash.

Gives physics graduates a bad rap! lmao

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  ·  2 years ago  ·  

Re🤬eD


🥓

Why are we not surprised~! Sam BankScam Fraud~!

  ·  2 years ago  ·  

this too - just for the background checks

coz what happened was so pathetically simple that you either have to be a fully fledged moron or a scammer.

  ·  2 years ago  ·  

I still go back to the investors. Who in their right mind would give these kids $900m - valuing the corp at $18b - WITHOUT an experienced CFO!!? The investor liaison guy - I'd look into him more deeply.

Backed up with a scattering of licenses - this smells like planned demolition. The level of naivety from "professional investors" is a sign that it wasn't naivety.

  ·  2 years ago  ·  

This was inserted - and then deleted - from Wankipedia

According to anonymous sources cited by the Wall Street Journal and The New York Times Ellison was on a video meeting with employees on 9 November 2022 where she admitted that FTX used customer money to help Alameda meet its liabilities and that she, Bankman-Fried, and two other FTX executives - Nishad Singh and Gary Wang were aware of this. Dave Michaels; Elaine Yu; Caitlin Ostroff (12 November 2022). "Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds". The Wall Street Journal. ISSN 0099-9660. Wikidata Q115184709. Retrieved 14 November 2022.

fair enough, as he was a boring academic before his daughter shone some unwanted light.
https://en.wikipedia.org/wiki/Glenn_Ellison

FTX will go down in history as the biggest ponzi scheme of all time~!
This guy always does a really good job investing & explaining...

ColdFusion
3.86M subscribers
4,519,316 views Nov 16, 2022
In this episode we take a deep dive into Sam Bankman-fried (SBF) and the FTX / Alameda situation.

ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment.

  ·  2 years ago  ·  

Not really a ponzi - plain fraud - inflate a token, spend it, spread it until its inherent worthlessness is discovered, that spreads the end-pain. And also fuck up on your genius trading "strategy". Was easy during the bull run - not so easy during the bullshit skid.

  ·  2 years ago  ·  

more like Sam Backdoor Fraud.
oh yeah, he didn't do it - one of his coders did.

  ·  2 years ago  ·  

more background


save everything before it disappears
like his toyventures.co ;-)

  ·  2 years ago  ·  

There are different grades of fertilizers. They are basically blends of elements. Some people are experts in mixing and spreading fertilizer. They are called lawyers. This guy is not a lawyer and may have a better chance of survival by just telling the truth.

  ·  2 years ago  ·  

his lawyers have advised him to STFU!
he didn't seem to even have a coherent message - he should have followed that advice.

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  ·  2 years ago  ·  

Wow... I thought his name was pronounced "fried" like "fried chicken"

I was waiting for them to get baked.

I had no idea his name was pronounced fried like Kurt Gottfried (RIP).

  ·  2 years ago  ·  

yeah, jewish, so i assumed was gonna be freeed.

effective altruism is also a jewish idea - tzedakah - reconstructed by Singer and misinterpreted to the goy.