memish

20 ms·

181.
by memish 4y ago
When you're $1000 in debt, it's your problem. When you're $1M in debt it's the bank's problem.
182.
SBF posting 1 letter tweets to evade delete detection bots?(twitter.com)
116 points by memish 4y ago|55 comments
183.
by memish 4y ago
It portrays SBF as a charitable entrepreneur who went under and does not mention the words fraud, criminal, substance abuse, friends & family Bahamas KYC racket, hack, stolen funds or wiped servers anywhere... accounting backdoor, pump
184.
by memish 4y ago
Who isn't being heard? Did he silence the tweets?
185.
by memish 4y ago
He didn't come up with that number. Twitter engineers told him that number.
186.
FTX’s Collapse Casts a Pall on a Philanthropy Movement(nytimes.com)
6 points by memish 4y ago|0 comments
187.
by memish 4y ago
"I was told ~1200 RPCs independently by several engineers at Twitter, which matches # of microservices. The ex-employee is wrong. Same app in US takes ~2 secs to refresh (too long), but ~20 secs in India, due to bad batching/verbo
188.
by memish 4y ago
Elon was talking about internal RPCs. Eric was talking about client side requests, as though that was a dunk. Eric was both wrong and attempted to insult his boss in public at the same time.
189.
by memish 4y ago
Q: What kind of employee insults their boss in public with a false accusation? A: One that doesn't want to work there and is looking for attention on the way out. There is only one way this would ever go. Would you, as the boss, keep s
190.
What explains SBF's latest tweets?(twitter.com)
12 points by memish 4y ago|3 comments
191.
by memish 4y ago
That's a good question. I would hope it's not inevitable, but you would need a system that is vigilant about avoiding regulatory capture.
192.
by memish 4y ago
That's an under appreciated point. Dealing with inefficiencies is perhaps Elon's greatest strength and why Tesla and SpaceX managed to succeed. Andrej Karpathy (ex-Tesla head of AI) talked about this recently. "I think Elon i
193.
by memish 4y ago
Totally, if only they had been regulated and too big to fail as a result of regulatory capture, which is how our system works, the taxpayers would get to bail them out and award SBF a multimillion dollar bonus. Bailing out the banks and exe
194.
by memish 4y ago
Imagine if he was the 2nd largest donor to Trump instead of Biden.
195.
by memish 4y ago
Good pivot and a humbling reminder for us all. Jonathan Blow on the day this was announced, "Very hard to describe how embarrassing this is for everyone involved in the Web and, sort of, software more generally." https:/&#x2
196.
by memish 4y ago
What he did is already illegal.
197.
by memish 4y ago
Appeal to authority is a hell of a drug. "I'm a big advocate for Sam because he has two parents that are compliance lawyers. If there's ever a place I can be where I'm not going to get in trouble, it's gonna be FTX&
198.
Ukrainian government launches crypto donation website with FTX(cointelegraph.com)
2 points by memish 4y ago|1 comments
199.
by memish 4y ago
Yes, if the relationships were as far removed as you suggest, but it's parents, friends of parents and donor recipients. SBF's parents are Stanford lawyers who specialize in compliance and ethics. Alameda CEO's dad runs the e
200.
by memish 4y ago
Martin Scorsese is starting on a rough draft and Jonah Hill getting into character.
201.
by memish 4y ago
Inaccurate. A real bank would get bailed out by taxpayers and the execs given bonuses.
202.
by memish 4y ago
It's a remarkable veneer. The nepotism and elite corruption is bold faced. SBF's parents are Stanford lawyers who specialize in compliance and ethics. Alameda CEO's dad runs the economics department at MIT, where the current
203.
by memish 4y ago
How many people trusted SBF_FTX because of his celebrity supporters, his appearances with politicians, his Stanford professor parents? "I'm a big advocate for Sam because he has 2 parents that are compliance lawyers. If there&#x27
204.
by memish 4y ago
Here's another guy that was vouching for SBF to get in on the Twitter deal for $5b. Michael Grimes [IBanker at Morgan Stanley]: Do you have 5 minutes to connect on possible meeting tomorrow I believe you will want to take? Elon: Will c
205.
by memish 4y ago
You're right, thanks for the correction.
206.
by memish 4y ago
Like Elizabeth Holmes, they are kids of the elite who are well connected and supported at high levels. Further, SBF is one of the biggest political donors and there may be corruption in the SEC. The general counsel of FTX US had served as l
207.
by memish 4y ago
The CEO of Alameda said "we tend not to have stop losses... I'm trying to think of a good example of a trade where I've lost a ton of money... I probably don't want to go into specifics with that" https:/&#x2F
208.
by memish 4y ago
The CEO of FTX said "we tend not to have stop losses... I'm trying to think of a good example of a trade where I've lost a ton of money... I probably don't want to go into specifics with that" https://twi
209.
by memish 4y ago
This is crazy. He was funneling customer funds to politicians too? $40m worth and was planning up to $1b. "SBF was planning to spend up to one billion dollars to help influence 2024 presidential election campaigns. His real plan is to
210.
by memish 4y ago
Yeah, like, totally. They're just like a factory worker working in a dangerous factory https://www.youtube.com/watch?v=qkQbHyLE6Tc https://twitter.com/DavidSacks/status/1561096423243800576 h

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