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“Billionaire” & “survived” together is apparently our current state of media & wealth worship.

by s5300 4y ago

latchkey 4y ago
He's not just some get rich crypto lambo dude... https://www.vox.com/future-perfect/2022/8/8/23150496/effective-altruism-sam-bankman-fried-dustin-moskovitz-billionaire-philanthropy-crytocurrency https://www.vox.com/future-perfect/2022/8/8/23150496/effecti... https://fortune.com/2022/06/01/crypto-billionaire-sam-bankman-fried-give-away-his-fortune/ https://fortune.com/2022/06/01/crypto-billionaire-sam-bankma...
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- vba616 4y ago
  I agree with this sentence, but I wasn't thinking of whatever philanthropy he may be up to. From what I read, the reason Bankman-Fried is not an ordinary crypto dude is because he's a quant educated in cutthroat conventional finance who sees crypto as a huge green-field opportunity without being hypnotized by it. Bankman-Fried should team up with Milton Friedman's grandson, Patri Friedman, and start the "Bankman-Fried Friedman Bank".
- yunohn 4y ago
  These are definitely PR pieces (there’s even disclaimers), and SBF’s “Effective Altruism” is a limited scope sham aimed at lobbying his own interests. I don’t see any real charitable actions, just lots of influence-purchasing.
  - anonymoushn 4y ago
    Are his donations so far to pandemic-related causes and his future fund shams? https://decrypt.co/94045/ftx-1-billion-philanthropic-future-fund-improve-humanity https://decrypt.co/94045/ftx-1-billion-philanthropic-future-...
    - yunohn 4y ago
      The article you linked and my further research suggests it’s really vague where the money is actually going. I mean, he’s spending 1B$ on crypto lobbying - https://www.latimes.com/politics/story/2022-08-12/sam-bankman-fried-ftx-political-donations https://www.latimes.com/politics/story/2022-08-12/sam-bankma...
      - comp_throw7 4y ago
        Here's a list of almost every single grant that the Future Fund has made: https://ftxfuturefund.org/our-grants/ https://ftxfuturefund.org/our-grants/ Doesn't seem terribly vague to me.
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missedthecue 4y ago
... They're talking about his crypto company FTX, not the the literal human being called Bankman-Fried. And owning x% of a crypto company isn't a very solid hedge against a crypto slump, so not sure what him being a billionaire has to do with it.

“Billionaire” & “survived” together is apparently our current state of media & wealth worship.

by s5300 4y ago

“Billionaire” & “survived” together is apparently our current state of media & wealth worship.

He's not just some get rich crypto lambo dude... https://www.vox.com/future-perfect/2022/8/8/23150496/effective-altruism-sam-bankman-fried-dustin-moskovitz-billionaire-philanthropy-crytocurrency https://www.vox.com/future-perfect/2022/8/8/23150496/effecti... https://fortune.com/2022/06/01/crypto-billionaire-sam-bankman-fried-give-away-his-fortune/ https://fortune.com/2022/06/01/crypto-billionaire-sam-bankma...

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vba616 4y ago
I agree with this sentence, but I wasn't thinking of whatever philanthropy he may be up to. From what I read, the reason Bankman-Fried is not an ordinary crypto dude is because he's a quant educated in cutthroat conventional finance who sees crypto as a huge green-field opportunity without being hypnotized by it. Bankman-Fried should team up with Milton Friedman's grandson, Patri Friedman, and start the "Bankman-Fried Friedman Bank".
yunohn 4y ago
These are definitely PR pieces (there’s even disclaimers), and SBF’s “Effective Altruism” is a limited scope sham aimed at lobbying his own interests. I don’t see any real charitable actions, just lots of influence-purchasing.
- anonymoushn 4y ago
  Are his donations so far to pandemic-related causes and his future fund shams? https://decrypt.co/94045/ftx-1-billion-philanthropic-future-fund-improve-humanity https://decrypt.co/94045/ftx-1-billion-philanthropic-future-...
  - yunohn 4y ago
    The article you linked and my further research suggests it’s really vague where the money is actually going. I mean, he’s spending 1B$ on crypto lobbying - https://www.latimes.com/politics/story/2022-08-12/sam-bankman-fried-ftx-political-donations https://www.latimes.com/politics/story/2022-08-12/sam-bankma...
    - comp_throw7 4y ago
      Here's a list of almost every single grant that the Future Fund has made: https://ftxfuturefund.org/our-grants/ https://ftxfuturefund.org/our-grants/ Doesn't seem terribly vague to me.
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missedthecue 4y ago

... They're talking about his crypto company FTX, not the the literal human being called Bankman-Fried. And owning x% of a crypto company isn't a very solid hedge against a crypto slump, so not sure what him being a billionaire has to do with it.