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Don't be a clown. If SBF was out of jail he could raise a twenty billion dollar fund tomorrow. His Anthropic investment alone would give him credibility. If
by bpodgursky 5mo ago
Don't be a clown. If SBF was out of jail he could raise a twenty billion dollar fund tomorrow.
His Anthropic investment alone would give him credibility. If it hadn't been liquidated for pennies FTX would have been one of the best performing funds of all time, even with the theft and mismanagement.
- themafia 5mo ago> FTX would have been one of the best performing funds of all time Ponzi schemes often have that feature. Right up until the bottom completely falls out.
- bpodgursky 5mo agoIt wasn't a Ponzi scheme. You really need to read up before commenting. It was a wildly successful fund he used as a slush fund for other projects. There's no mechanism for FTX to collapse unless Anthropic among other projects collapses to zero.
- verteu 5mo agoAlameda was only profitable in the years when Bitcoin was going up. By 2022 their trading operations were deeply negative (hence the decision to steal customer funds).
- nujabe 5mo agoI highly doubt investors would be flocking to give their money to a convicted fraudster. And I would be surprised if he wasn’t still banned from starting a company by the SEC.
- rozap 5mo agoThis is a good point. We should just let all the ponzi schemes that are currently underway ride. Maybe they made good investments that will return 100x. The only way to know is to not intervene.
- bpodgursky 5mo agoDid I say he should get out of jail? IF he was pardoned, THEN he could easily raise money, because his old fund made EXTREMELY GOOD investment decisions. That's not a moral statement, that's a factual claim. "He should get out of jail because he is a good investor" is a strawman argument I did not make.