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Perjury* Sam is highly charismatic, especially when all you want to hear is that you send 2000$ and will receive 100k$ if only you listen to him and use his pr

by xwolfi 3y ago

Perjury* Sam is highly charismatic, especially when all you want to hear is that you send 2000$ and will receive 100k$ if only you listen to him and use his product. He's part of the mumbo jumbo guru crowd. I'm a programmer in finance: I understand nothing when SBF talks, it's like complete random BS, totally different from the traders I work with who would use complex concepts but with always a visible thread: utility -> transformation adding value -> profit, with SBF it's all so fuzzy and unclear, it's like he pretends to talk like we're idiots to hide the fact he's the idiot who forgot that you need to sacrifice potential upside for downside insurance...

bmitc 3y ago
I personally never found him charismatic at all, even before all of this got exposed. He has always seemed like a tweaker who thought himself smarter than he is, which is exactly what he turned out to be. I honestly struggle to understand how anyone would listen to him for any length of time.
- dilyevsky 3y ago
  What if he paid you to listen? You know, hypothetically speaking
  - kristofferg 3y ago
    Asking for a friend?
  - hfuyf65 3y ago
    https://m.youtube.com/watch?v=2ozjiX1E7ZA&pp=ygUTc2JmIGludGVydmlldyAyMDIwIA%3D%3D https://m.youtube.com/watch?v=2ozjiX1E7ZA&pp=ygUTc2JmIGludGV... Picked an interview ar random. He is not charismatic, but he can talk like so many banking VPs talk ( almost no substance ). This may have helped him make people part with money.
    - dilyevsky 3y ago
      Isn’t VP typically an entry level employee at a bank? If so, I would agree. He clearly doesn’t know when to stfu, he’s gonna get 30 to life
nullc 3y ago
> I'm a programmer in finance: I understand nothing when SBF talks, it's like complete random BS, totally different from the traders I work with who would use complex concepts but with always a visible thread: utility -> transformation adding value -> profit, with SBF it's all so fuzzy and unclear, it's like he pretends to talk like we're idiots to hide the fact he's the idiot who forgot that you need to sacrifice potential upside for downside insurance... It appears that there is a sizable audience who will hear that and conclude he's a subject matter super genius and that you're a total idiot.
- Melting_Harps 3y ago
  > It appears that there is a sizable audience who will hear that and conclude he's a subject matter super genius and that you're a total idiot. Many of them the titans of SV no less, Sequoia being chief among them; honestly, I called this imbecile being in jail in mid-late '21 when he announced he was going to start influencing US politics. He was an idiot then and he has proven himself and even greater one with time. Likely mentally ill, as well. I do want to underscore that this scammer would have NEVER gotten the chance he had were it not for the connections his family has at Stanford, and thus VC, and the litany of connections that followed. This article is a must read [0], as were the testimonies given by gyus like Scarmocci (I'm not going to correct his name), because it all boils down to the fact that he was the child of privilisge and connected to all the power-brokers in SV. SBF, FTX and Alameda is and will always remain a a Silicon Valley VC backed cluster***, and it must be noted that this has nothing to do with us and everything to do with THEM. > Silicon Valley could be said to be in the business of reality distortion. Fundraising for startups can be as much about narrative as about economic fundamentals. Most venture capital portfolios are filled with companies that will fail because their model is wrong, their product won’t land, their vision of the future won’t pan out. The high dropout rate means that everyone is in search of the one thing that will reach escape velocity. Everyone is looking for an epochal success—a Steve Jobs, a Jeff Bezos. That creates a degree of hunger—even desperation—that can be exploited by someone who arrives with a great story at the right moment. 0: https://www.wired.com/story/why-silicon-valley-falls-for-frauds/ https://www.wired.com/story/why-silicon-valley-falls-for-fra...

by xwolfi 3y ago

bmitc 3y ago

I personally never found him charismatic at all, even before all of this got exposed. He has always seemed like a tweaker who thought himself smarter than he is, which is exactly what he turned out to be. I honestly struggle to understand how anyone would listen to him for any length of time.

dilyevsky 3y ago
What if he paid you to listen? You know, hypothetically speaking
- kristofferg 3y ago
  Asking for a friend?
- hfuyf65 3y ago
  https://m.youtube.com/watch?v=2ozjiX1E7ZA&pp=ygUTc2JmIGludGVydmlldyAyMDIwIA%3D%3D https://m.youtube.com/watch?v=2ozjiX1E7ZA&pp=ygUTc2JmIGludGV... Picked an interview ar random. He is not charismatic, but he can talk like so many banking VPs talk ( almost no substance ). This may have helped him make people part with money.
  - dilyevsky 3y ago
    Isn’t VP typically an entry level employee at a bank? If so, I would agree. He clearly doesn’t know when to stfu, he’s gonna get 30 to life

nullc 3y ago

> I'm a programmer in finance: I understand nothing when SBF talks, it's like complete random BS, totally different from the traders I work with who would use complex concepts but with always a visible thread: utility -> transformation adding value -> profit, with SBF it's all so fuzzy and unclear, it's like he pretends to talk like we're idiots to hide the fact he's the idiot who forgot that you need to sacrifice potential upside for downside insurance... It appears that there is a sizable audience who will hear that and conclude he's a subject matter super genius and that you're a total idiot.

Melting_Harps 3y ago
> It appears that there is a sizable audience who will hear that and conclude he's a subject matter super genius and that you're a total idiot. Many of them the titans of SV no less, Sequoia being chief among them; honestly, I called this imbecile being in jail in mid-late '21 when he announced he was going to start influencing US politics. He was an idiot then and he has proven himself and even greater one with time. Likely mentally ill, as well. I do want to underscore that this scammer would have NEVER gotten the chance he had were it not for the connections his family has at Stanford, and thus VC, and the litany of connections that followed. This article is a must read [0], as were the testimonies given by gyus like Scarmocci (I'm not going to correct his name), because it all boils down to the fact that he was the child of privilisge and connected to all the power-brokers in SV. SBF, FTX and Alameda is and will always remain a a Silicon Valley VC backed cluster***, and it must be noted that this has nothing to do with us and everything to do with THEM. > Silicon Valley could be said to be in the business of reality distortion. Fundraising for startups can be as much about narrative as about economic fundamentals. Most venture capital portfolios are filled with companies that will fail because their model is wrong, their product won’t land, their vision of the future won’t pan out. The high dropout rate means that everyone is in search of the one thing that will reach escape velocity. Everyone is looking for an epochal success—a Steve Jobs, a Jeff Bezos. That creates a degree of hunger—even desperation—that can be exploited by someone who arrives with a great story at the right moment. 0: https://www.wired.com/story/why-silicon-valley-falls-for-frauds/ https://www.wired.com/story/why-silicon-valley-falls-for-fra...