5 ms·

textbook greenwashing. if they want to make the world a better place, shut down FTX and stop enabling the insane, planet incinerating, fraud enabling, money lau

textbook greenwashing. if they want to make the world a better place, shut down FTX and stop enabling the insane, planet incinerating, fraud enabling, money laundering, rogue regime financing, fake tech breakthrough called "crypto". crypto companies like FTX should be viewed with the same disdain as Big Oil and Big Tobacco. this is like investing with ExxonMobil to stop climate change. don't fall for it. https://corporate.exxonmobil.com/Sustainability/Environmental-protection/Climate-change https://corporate.exxonmobil.com/Sustainability/Environmenta... https://www.bbc.com/news/world-asia-60281129 https://www.bbc.com/news/world-asia-60281129

deleted 5y ago
[deleted]
seibelj 5y ago
rattlesnakedave 5y ago
Very little on the site has to do with environmentalism.
htlion 5y ago
I would add the fact that the company is based in Antigua. So the overall picture is a very profitable company, in a domain which, as of now, mostly enables fraud at an insane energy cost, based in a tax haven. But somehow, this is for the greater good. With the challenges ahead, we, all of us, will have to decrease our consumption of most if not all resources. This can not be achieved by just pouring money from the penthouse of a skyscraper of a capital city.
SparkyMcUnicorn 5y ago
It's hard to look at this founder and say he isn't extremely well intentioned. For a very young guy in this scene you'd expect expensive watches and cars, but instead he drives a budget car, is giving away a great majority of his wealth, and seems to truly care. The reason he's keeping FTX open is to earn more money to give away to environmental, socioeconomic, and health organizations and research. His track record speaks for itself.
- floodyberry- 5y ago
  > The reason he's keeping FTX open is to earn more money to give away to environmental, socioeconomic, and health organizations and research. There is no way you posted that with a straight face.
  - xur17 5y ago
    It's worth giving this a read [0]. [0] https://80000hours.org/stories/sam-bankman-fried/ https://80000hours.org/stories/sam-bankman-fried/
    - floodyberry- 5y ago
      If telling people you were going to do something was actually doing it, we wouldn't need contracts
      - SparkyMcUnicorn 5y ago
        And he's actually doing it, so what's your point?
        floodyberry- 5y ago
        How do you know? Has he shown you his bank statements?
        SparkyMcUnicorn 5y ago
        The information you're looking for is accessible. I don't argue with people who say Bill Gates doesn't donate much money, either. I haven't seen Bill's bank statements, but I believe he does donate for the same reasons I believe Sam does.
        floodyberry- 5y ago
        Because the Gates Foundation publishes its returns? https://www.gatesfoundation.org/about/financials https://www.gatesfoundation.org/about/financials
spir 5y ago
Mostly True: "planet incinerating, fraud enabling, money laundering, rogue regime financing" Totally False: "fake tech breakthrough called "crypto""
PretzelPirate 5y ago
> planet incinerating FTX pushes Solana, a PoS coin, very hard. Blockchain doesn’t need to use PoW. Solana has other issues around scalability, reliability, and decentralization, but it isn’t “planet incinerating”.
jamesshamenski 5y ago
Here's how FTX deals with climate: https://www.ftx-climate.com/ https://www.ftx-climate.com/ Is your stance on the environment what led you to leave the auto industry?

deleted 5y ago

[deleted]

seibelj 5y ago

rattlesnakedave 5y ago

Very little on the site has to do with environmentalism.

htlion 5y ago

I would add the fact that the company is based in Antigua. So the overall picture is a very profitable company, in a domain which, as of now, mostly enables fraud at an insane energy cost, based in a tax haven. But somehow, this is for the greater good. With the challenges ahead, we, all of us, will have to decrease our consumption of most if not all resources. This can not be achieved by just pouring money from the penthouse of a skyscraper of a capital city.

SparkyMcUnicorn 5y ago

It's hard to look at this founder and say he isn't extremely well intentioned. For a very young guy in this scene you'd expect expensive watches and cars, but instead he drives a budget car, is giving away a great majority of his wealth, and seems to truly care. The reason he's keeping FTX open is to earn more money to give away to environmental, socioeconomic, and health organizations and research. His track record speaks for itself.

floodyberry- 5y ago
> The reason he's keeping FTX open is to earn more money to give away to environmental, socioeconomic, and health organizations and research. There is no way you posted that with a straight face.
- xur17 5y ago
  It's worth giving this a read [0]. [0] https://80000hours.org/stories/sam-bankman-fried/ https://80000hours.org/stories/sam-bankman-fried/
  - floodyberry- 5y ago
    If telling people you were going to do something was actually doing it, we wouldn't need contracts
    - SparkyMcUnicorn 5y ago
      And he's actually doing it, so what's your point?
      - floodyberry- 5y ago
        How do you know? Has he shown you his bank statements?
        SparkyMcUnicorn 5y ago
        The information you're looking for is accessible. I don't argue with people who say Bill Gates doesn't donate much money, either. I haven't seen Bill's bank statements, but I believe he does donate for the same reasons I believe Sam does.
        floodyberry- 5y ago
        Because the Gates Foundation publishes its returns? https://www.gatesfoundation.org/about/financials https://www.gatesfoundation.org/about/financials

spir 5y ago

Mostly True: "planet incinerating, fraud enabling, money laundering, rogue regime financing" Totally False: "fake tech breakthrough called "crypto""

PretzelPirate 5y ago

> planet incinerating FTX pushes Solana, a PoS coin, very hard. Blockchain doesn’t need to use PoW. Solana has other issues around scalability, reliability, and decentralization, but it isn’t “planet incinerating”.

jamesshamenski 5y ago

Here's how FTX deals with climate: https://www.ftx-climate.com/ https://www.ftx-climate.com/ Is your stance on the environment what led you to leave the auto industry?