zeven7

16 ms·

241.
by zeven7 4y ago
Right, everything in his life up to this point has taught him that if he keeps talking he'll be able to convince anybody of anything. He convinced his series B investors to hand over $420 million in "investment" funds to FTX
242.
by zeven7 4y ago
> Have you considered that people who have other opinions exist and theirs is as valid as yours? I think parent is saying the opposite. "Just to give some perspective that I don’t think HN really gets" Parent has seen several c
243.
by zeven7 4y ago
> Several months ago, I found myself having a few mocktails and splitting vegan snacks with Sam Bankman-Fried at a restaurant near my house. We touched on, among other things, his proposal to create a new publication featuring writers he
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by zeven7 4y ago
I'll guess the word "elite" here is not really the best term to convey what parent meant. The phrase "valued in elite circles" at first made me think of George Soros types, in which case the values don't fit. B
245.
by zeven7 4y ago
That's a generic case. Parent is describing a specific case in which prisoners determine they have a 95% chance they will be convicted. Given such a case, parent's argument follows logically. How many cases the Fed prosecutes or c
246.
by zeven7 4y ago
He refused to testify shortly before the arrest https://www.cnbc.com/2022/12/12/former-ftx-ceo-sam-bankman-f... Is there anyway the arrest is in response to the refusal to testify? Or just coincidental timing
247.
by zeven7 4y ago
The counterpoint is people have disappeared and not been caught yet who ran smaller crypto exchanges: - Ruja Ignatova - disappeared in 2017, $3-4 billion missing - https://en.wikipedia.org/wiki/Ruja_Ignatova - Gerald C
248.
by zeven7 4y ago
Not sure why they would become fugitives or what exactly parent is referring to, but FYI: FTX bought a $16 million house in the Bahamas and put it in SBF's parent's names https://www.businessinsider.com/sam-bankman
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by zeven7 4y ago
> They would not accept his donations, he is politically the kiss of death. I'm not going to address this part, which is the main point of your message. You might be right, I really don't know how political money moves, especia
250.
by zeven7 4y ago
I'm not so sure he's dead in the water as a future donor. There is $8 billion missing. I think it's likely most of it is gone in the sense of irrecoverable by SBF, but with the amount he was moving around it wouldn't be
251.
by zeven7 4y ago
Mark Karpeles got in over his head, criminally. He lied some, he defrauded some, but most of it seemed to be to try to cover up for previous mistakes, and I think he legitimately just had some bad things happen to him, got in over his head,
252.
by zeven7 4y ago
> Ray said that “one of the most pervasive failures” at FTX’s main international exchange was the lack of records about decision-making. He said that Bankman-Fried often used messaging platforms with an auto-delete function “and encourag
253.
by zeven7 4y ago
This is exactly it. He thinks he's the smartest, most persuasive guy in the room. And, given that he was able to raise $420 million while pocketing $300 million in the last funding round, he's probably right. But I doubt even he c
254.
by zeven7 4y ago
It is complex, but that doesn't mean it's not malicious. Let's use a simpler example. Sam runs a horse racing operation and allows you to place bets on horses. Before the race begins, Sam collects $1,000,000 from various peop
255.
by zeven7 4y ago
> These controls were skipped because SBF was convinced he was doing something extremely novel and complicated and such old-school concepts would only hinder his ability to execute on his brilliant ideas. Don't let him sell the stor
256.
by zeven7 4y ago
None of what he says makes sense, but it's not because he's dumb. He's clearly trying to go for an ignorance and negligence defense to avoid being accountable for fraud and theft. There's no way he's as dumb as he&#
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by zeven7 4y ago
I guess the real question isn't "Can you tell if an image is AI-generated?" but "Can the server can tell if guesses are AI-generated?"
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by zeven7 4y ago
> If the point of this article is to make the reader feel bad for buying an iPhone, they’ve failed. Nearly every electronics device sold in the US is made or assembled in China I would still say it's good to call attention to the pr
259.
by zeven7 4y ago
I would be very interested to see a citation and also to know what other large exchanges do this.
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by zeven7 4y ago
Kevin O'Leary's statements that he would invest in SBF again are very suspicious. He doesn't sound like someone who lost a lot of money to a crook. https://twitter.com/unusual_whales/status/159282329
261.
by zeven7 4y ago
See my reply to the similar comment in this thread and https://www.vox.com/future-perfect/23462333/sam-bankman-frie... Customers deposited funds for FTX to hold . FTX said "We're holding your funds; the
262.
by zeven7 4y ago
Vox: you tweeted out some stuff like - we never invest your deposits Vox: that was bs, right? SBF: it was factually accurate Vox: huh!!! but like - their deposits were totally not there? or do you just mean, technically it was Alameda SBF:
263.
by zeven7 4y ago
> We're talking about a Twitter CEO with $30m/yr+ in total compensation. Jack, who was once the CEO of Twitter, has said that they hired too many people too fast. Elon, who is "paid" way more than $30 million/yea
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by zeven7 4y ago
Brian Armstrong is just as much of a public figure as Paul Graham, probably more so. Wouldn't it be odd for Brian Armstrong to send a tweet like this through Paul Graham's twitter?
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by zeven7 4y ago
But if it was UDST, what new information could PG's friend even have. "They're not solvent" isn't news. A run can't exactly be predicted by an insider more than anyone else. It's hard to imagine what infor
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by zeven7 4y ago
What's the point of even tweeting that? If someone is exposed and following PG, are they just supposed to panic sell now?
267.
by zeven7 4y ago
All that happened in this case is someone created their own coin and sent it to the hacker address. If you create a coin, you can name it whatever you want, and you can send it to whoever you want.
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by zeven7 4y ago
I would expect a government to hold it as seized until they brought in both crypto experts and legal experts to help them determine what to do with it, probably via the judicial system. When Japan seized BTC from Mt Gox it was years before
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by zeven7 4y ago
Another interesting angle to this is that the funds were collected in various different currencies, but all of them were converted into ETH. And they weren't converted carefully to make sure they got the full value, no attempt at OTC d
270.
by zeven7 4y ago
They made it easy to move the funds around on purpose, so that they could move the funds around any time they wanted. "They" being a very small handful of people, maybe just SBF himself, maybe a couple others. They didn't w

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