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On a personal level it will work out for him just fine. All he has to do is siphon off a fraction of that money to himself and/or an entity that he controls. H
by jacquesm 1y ago
On a personal level it will work out for him just fine. All he has to do is siphon off a fraction of that money to himself and/or an entity that he controls.
He's like Elon Musk in that respect: always doubling the bet on the next round, it is a real life Martingale these guys are playing with society on the hook for the downside.
https://en.wikipedia.org/wiki/Martingale_(betting_system) https://en.wikipedia.org/wiki/Martingale_(betting_system)
- simianwords 1y agoHow would he siphon off? He has no stake in OpenAI. And any other stake must be public. Or are you suggesting something more shady? Elon is the complete opposite of martingale. He has helped produce value beyond just bets. Spacex, Tesla and so on.
- jacquesm 1y agoSorry, I didn't realize that was a rhetorical question.
- simianwords 1y agoit is not rhetorical. you have not provided a mechanism through which Sam can make money out of this whereas I'm describing ways in which this bubble popping is not something he would prefer.
- jacquesm 1y agoYour lack of understanding can not be remedied with information. You have a habit of 'just asking questions' when in fact you are trying to steer the conversation in the direction of the conclusion that you prefer. This is not productive. If you have something to say then you can just say it without the question marks. That way people know that you are making a statement instead of pretending to be asking a question.
- simianwords 1y agoI'm asking a specific question >On a personal level it will work out for him just fine. All he has to do is siphon off a fraction of that money to himself and/or an entity that he controls. How would he achieve this?