SilasX

56 ms·

931.
by SilasX 4y ago
>He starts by breathlessly describing how "risk neutral" SBF is and then not long after describes SBFs need for "extreme risk" when looking for his next venture (which led to FTX). I reviewed that part, and it's
932.
by SilasX 4y ago
The only way to get out of your investment with FTX in time would be if you had negotiated some clause to that effect in your funding round (like warrants/put options on the shares), which no one seems to have done, and which SBF is un
933.
by SilasX 4y ago
To which I have to keep linking this comment[1] which explains why Enron would reasonably take longer than FTX. If you don't want to read it, it's: A) Massive corporate hierarchy in which to untangle responsibility vs SBF and a fe
934.
by SilasX 4y ago
You mean Caroline Ellison? She was just recently spotted in NYC, and it's only speculation what she's been up to. But yes, she hasn't been speaking to the press, though I'm not sure what the point is of using her as an e
935.
by SilasX 4y ago
They could reduce dependency by focusing on their core mission, cutting out the cruft, and using the extra money to build up an endowment that can last them forever. Obviously, they didn’t take that option.
936.
by SilasX 4y ago
Or let me customize the controls. Yes, yes, even before a tab has loaded a document from the internet!
937.
by SilasX 4y ago
Heh, after I posted it, a former co-worker forgot that was just an April Fool's joke and then, at his new workplace, seriously suggested handling one case by "throwing a 397".
938.
by SilasX 4y ago
>(I'm guessing that S3 also errors out if you submit random unrecognized query-string parameters on such requests?) Doesn't look like it. I checked out the recent bankruptcy filing that was posted to s3, and you get the doc jus
939.
by SilasX 4y ago
I tried to split the difference with my April Fool's RFC, which proposes the HTTP status "397 Tolerating" for when you want to say "yeah, I know what you want, and I'll give you that, but here's how you were su
940.
by SilasX 4y ago
I think that’s how you compromise humans too.
941.
by SilasX 4y ago
Semi-related: there was some quirk with Amazon S3 where you could designate a resource as open to the world, but it would still reject anyone that submitted (unnecessary) authentication credentials as part of the request.
942.
by SilasX 4y ago
Even if true, wouldn't that mean he was defrauding the VCs by representing that he could run a pseudo-bank correctly? Out of the frying pan...
943.
by SilasX 4y ago
We already went through one cycle of that: https://cointelegraph.com/news/sbf-s-lawyers-terminate-ftx-r...
944.
by SilasX 4y ago
>Nobody, literally nobody, said Bernie Madoff was "suffering from a solvency crisis." They said he lied and stole money. And yet SBF's alleged crimes are quite similar in nature, It's even worse that that: they give S
945.
by SilasX 4y ago
>None of these would have been possible without the invention of double entry accounting, because before double entry accounting you couldn't even really run anything larger than a family business because there was no way to know wh
946.
by SilasX 4y ago
Yep. I saved this comment, which gives a great explanation why FTX prosecution should be faster and easier than Enron: https://news.ycombinator.com/item?id=33724683
947.
by SilasX 4y ago
Right, I would think that bribing politicians only gets you favors if both a) the favors have sufficient political cover, and b) there is the prospect of further bribes. Neither of those seem true here. For a), SBF has become a dirty name a
948.
by SilasX 4y ago
> Your comment continues to presume that there is a specific correct value or range of values No, I was replying to a comment that was attempting to justify ~7000 as a reasonable figure for what Twitter’s app needs to do. Don’t take my
949.
by SilasX 4y ago
> You don't think that matters, I didn’t express an opinion on that, and actually believe the opposite of what you just hastily attributed to me. My point is that, when gauging whether 7000 is a reasonable figure, it’s not enough
950.
by SilasX 4y ago
Huh? It looks like it was saying the three are Celsius, Voyager, and BlockFi, but it’s missing a much larger one, Genesis. Although that maybe be going bankrupt to if it can’t get support from its parent company DCG.
951.
by SilasX 4y ago
The point is, it’s easy to vomit a laundry list of reason why a company needs more staff. But it doesn’t shed light onto why a 7000 figure is reasonable until it justifies why other figures are too high or too low. Nor does your comment.
952.
by SilasX 4y ago
But why does it add up to 7000 headcount rather than 3500 headcount or 14000 headcount?
953.
by SilasX 4y ago
No, the ad narrator and framing suggested that. His character within the ad advised against FTX.
954.
by SilasX 4y ago
That's basically what Kelsey Piper did in the Vox interview, and SBF said a lot because he viewed her as friendly: https://www.vox.com/future-perfect/23462333/sam-bankman-frie...
955.
by SilasX 4y ago
Here's the link: https://www.miamidade.gov/govaction/legistarfiles/Matters/Y2... Can't parse the full implications at the moment, but in any remotely sane contract, missing a payment (the next one i
956.
by SilasX 4y ago
Media isn’t the law and can be expected to grind a little faster. What were you responding to there?
957.
by SilasX 4y ago
On that note, I'm curious if they're going after the "some guy"[1] -- he's the one in the ad that actually calls FTX safe. [1] who turns out to be Michael Dearie: https://www.imdb.com/name/nm440
958.
by SilasX 4y ago
Let me get this straight: you're a native speaker, but A) You don't see any connection between "funny" and "in-joke", B) You don't see any connection between "hip" and "showing affiliation w
959.
by SilasX 4y ago
I would love that job, I'm always going back to presentations and finding better ways they could have made the point and identifying missing context what they would need to be more relevant.
960.
by SilasX 4y ago
>I understand that some people might have found this cryptic, but they added an explanation, so it's not that cryptic anymore. Right. After about 15 years, they finally relented. So, your position is, "it's not a problem,

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