4 ms·

I called it and saw many others call it too. Cause a run on FTX, get due diligence and say it’s F**ed, and get their user-base for free. My concern is how much

by eddsh1994 4y ago

I called it and saw many others call it too. Cause a run on FTX, get due diligence and say it’s F**ed, and get their user-base for free. My concern is how much funding FTX and SBF in particular were giving to EA/AGI Safety research labs and charities. There’s going to be some significant knock on effects there when the money is no longer available.

miohtama 4y ago
This would not have happened unless Sam had gambled with customer deposits. Hard to blame CZ here.
- eddsh1994 4y ago
  I'm not blaming CZ! I'm thinking about knock-on effects from this due to SBF's donations being cut off
bhouston 4y ago
> AGI Safety research labs If they are not part of a university, it is probably pretty sketchy anyhow.
- eddsh1994 4y ago
  They fund a huge number of serious initiatives in the space via EA funds - 9, maybe 10 figures.
  - benjaminwootton 4y ago
    Unfortunately it sounds as though it was never their money to give away.
  - blitzar 4y ago
    Just because I have an EA fund with $1 doesnt make it ok to defraud and steal $10 from other people.
  - bhouston 4y ago
    Who is serious? A lot of that spam is snake oil salesman.
okhobb 4y ago
> My concern is how much funding FTX and SBF in particular were giving to EA/AGI Safety research labs and charities. Did a malicious AI orchestrate this downfall?
Animatronio 4y ago
What user base? FTX is unable to process withdrawals right now (and who knows if they ever will be), so the money's gone meaning users won't simply migrate to Binance.
- eddsh1994 4y ago
  Basically any r/cc user who was in FTX and wants to invest part of their next paycheck?
  - Animatronio 4y ago
    As the saying goes "Fool me once ..."
    - eddsh1994 4y ago
      Regardless of opinions it's a sizable user base! And, assuming there's another bull run at some point, it'll grow again.
      - headsoup 4y ago
        That's a big assumption at this point.
      - xwolfi 4y ago
        Who do you think kickstart a bullrun ? SBF was a huge part of the last one...
    - spiantino 4y ago
      I think the point of that saying is that when you get fooled a second time you have nobody to blame but yourself
    - jallen_dot_dev 4y ago
      There are plenty of users who get fooled again and again on shitcoin rug-pulls so I'm sure they will try again on Binance.

miohtama 4y ago

This would not have happened unless Sam had gambled with customer deposits. Hard to blame CZ here.

eddsh1994 4y ago
I'm not blaming CZ! I'm thinking about knock-on effects from this due to SBF's donations being cut off

bhouston 4y ago

> AGI Safety research labs If they are not part of a university, it is probably pretty sketchy anyhow.

eddsh1994 4y ago
They fund a huge number of serious initiatives in the space via EA funds - 9, maybe 10 figures.
- benjaminwootton 4y ago
  Unfortunately it sounds as though it was never their money to give away.
- blitzar 4y ago
  Just because I have an EA fund with $1 doesnt make it ok to defraud and steal $10 from other people.
- bhouston 4y ago
  Who is serious? A lot of that spam is snake oil salesman.

okhobb 4y ago

> My concern is how much funding FTX and SBF in particular were giving to EA/AGI Safety research labs and charities. Did a malicious AI orchestrate this downfall?

Animatronio 4y ago

What user base? FTX is unable to process withdrawals right now (and who knows if they ever will be), so the money's gone meaning users won't simply migrate to Binance.

eddsh1994 4y ago
Basically any r/cc user who was in FTX and wants to invest part of their next paycheck?
- Animatronio 4y ago
  As the saying goes "Fool me once ..."
  - eddsh1994 4y ago
    Regardless of opinions it's a sizable user base! And, assuming there's another bull run at some point, it'll grow again.
    - headsoup 4y ago
      That's a big assumption at this point.
    - xwolfi 4y ago
      Who do you think kickstart a bullrun ? SBF was a huge part of the last one...
  - spiantino 4y ago
    I think the point of that saying is that when you get fooled a second time you have nobody to blame but yourself
  - jallen_dot_dev 4y ago
    There are plenty of users who get fooled again and again on shitcoin rug-pulls so I'm sure they will try again on Binance.