maybe hell do better with a day of practice
― lag∞n, Friday, 27 October 2023 15:15 (seven months ago) link
I mean tbh I can't see any defense he could raise that would be credible. I'm guessing his lawyers did all they could to try to get him to just plead guilty.
― longtime caller, first time listener (man alive), Friday, 27 October 2023 16:12 (seven months ago) link
"Only the people who directly reported to me and lived with me in a mansion in the bahamas did all the bad stuff and I didn't know anything about it" doesn't really fly
― longtime caller, first time listener (man alive), Friday, 27 October 2023 16:13 (seven months ago) link
its all hes got, besides taking a plea, which is what he shouldve done
― lag∞n, Friday, 27 October 2023 18:07 (seven months ago) link
did miami dade stadium change its name back yet
― mark s, Friday, 27 October 2023 18:37 (seven months ago) link
Kaseya Center[6] (formerly American Airlines Arena, FTX Arena, and Miami-Dade Arena) is a multi-purpose arena located along Biscayne Bay in Miami, Florida and currently named by the company Kaseya.
― lag∞n, Friday, 27 October 2023 18:38 (seven months ago) link
@innercitypress trial livetweet: SBF: I spoke with them about if our 2021 revenue was in fact over $1 billion.Cohen: Why was that important?SBF: It's a round number.
― mark s, Friday, 27 October 2023 18:41 (seven months ago) link
one thing ive been wondering and havent found any answer to, maybe cause its too far down the crypto iceberg, is how much of the missing ftx money was real, theres weird shit where the various exchanges and other big crypto institutions shuffle money around between them that really looks like collusion in some larger fraud, did fxt really have $15b or was some of it that weird slushing around crypto, $15b is a lot for crypto, i think one of the reasons all these exchanges turn out to be fraudulent is there just isnt enough real volume to run a profitable exchange off of, most crypto trades are just market manipulation by a the relatively small handful of entities that own the majority of the market, and theyre not paying for trades they own exchanges they have deals to move crypto through each others exchanges and so forth, thats what it seems like to me
― lag∞n, Friday, 27 October 2023 18:52 (seven months ago) link
SBF's trial strategy seems to be like "i wasn't really following that stuff closely, my lawyers said it was ok to delete the speadsheets"
and the spreadsheet that was released was written in pencil and had a folder called like "not shady at all plz don't look in here"
― mark s, Friday, 27 October 2023 19:00 (seven months ago) link
they should call me to the stand
― mark s, Friday, 27 October 2023 19:01 (seven months ago) link
ftx raised $2b but that wasnt enough for them lol thats so much money
― lag∞n, Friday, 27 October 2023 19:03 (seven months ago) link
in fact i am not needed on the stand, SBF has this
@innercitypress trial livetweeting: Cohen: Why did FTX use Slack and Signal?SBF: They are conversational. Cohen: What is encryption?SBF: It's like in World War II... on the Internet, it's about only the sender and receiver seeing the message. We thought it was good.AUSA Sassoon: Objection - who is "we"?SBF: I am sorry, I meant me, I often say "we" to not single myself out from other employees.Cohen: What about records retention?SBF: Some had to be kept, some should be not kept, and then those in the middle.
― mark s, Friday, 27 October 2023 19:04 (seven months ago) link
like world war… on the internet
when hes right hes right
― lag∞n, Friday, 27 October 2023 19:05 (seven months ago) link
ILX = navajo code
― citation needed (Steve Shasta), Friday, 27 October 2023 19:12 (seven months ago) link
if anyone is still wondering about it, molly white explained on her youtube-stream why inner city press can livetweet the trial but she (and most others) can't: he is an attested new york court reporter of long-standing (actually also flitting between and reporting on other trials in the same court-house) and as such has his own designated room (along with the other attested court reporters) and is allowed to bring in his phone and laptop and such
― mark s, Saturday, 28 October 2023 14:27 (seven months ago) link
ah thank you i did half heartedly try to figure that out
― lag∞n, Saturday, 28 October 2023 14:28 (seven months ago) link
good piece
There’s another rumor, which is an incomplete story — but a lot of people strongly suspect that Alameda was started with a pile of tethers backed by nothing, because there was too much heat around Bitfinex/Tether in 2017 and the whales needed a new trading partner.
https://davidgerard.co.uk/blockchain/2023/10/26/the-beautiful-mind-of-sam-bankman-fried/
― lag∞n, Monday, 30 October 2023 01:51 (seven months ago) link
very good article thx, good lord these EA people are insane
Most zillionaires don’t seek the limelight. They just get on with making money. If you see the ultra-wealthy promoting themselves, it’s a stage-managed production for publicity purposes, designed to distract from whatever is really going on.
They want you to think they’re the next Steve Jobs. Somehow, they keep turning out to be Elizabeth Holmes.
― out-of-print LaserDisc edition (sleeve), Monday, 30 October 2023 02:13 (seven months ago) link
so fuckin crazy
He goes on to name a specific rationalist, Kelsey Piper of Vox — the journalist that Sam later shot his mouth off to — as someone who really should have gotten onto Adderall for greatest effectiveness in her altruism: “by my calculations, that decreased Kelsey’s effectiveness by 20%, thus costing approximately 54 billion lives.” Yeah, rationalists really do say that sort of thing as if it’s normal.
― lag∞n, Monday, 30 October 2023 02:18 (seven months ago) link
yep, and added in comments by author when someone said "that was just a joke":
Rationalists do say that sort of thing in all seriousness, and it would only work as a joke because they do. This example is in the class of statements that they mean until they’re called on them, at which point they claim they were “jokes.” Scott Alexander has always been very heavy on this variety of deniable statement.
― out-of-print LaserDisc edition (sleeve), Monday, 30 October 2023 02:20 (seven months ago) link
c.f. Sartre on fascism
― out-of-print LaserDisc edition (sleeve), Monday, 30 October 2023 02:21 (seven months ago) link
its obviously a joke you can tell cause its 20% more hyperbolic than the stuff they usually say
― lag∞n, Monday, 30 October 2023 02:22 (seven months ago) link
one of many things bad things about ea is theyre "first principles" cultists, like upon hearing the term effective altruism you might assume its a good thing people learning about the best way to give away their fortunes by say consulting experts on the topic, but no theyre just going to figure it out themselves using logic, the same logic that lead bankman to the conclude that shakespeare was bad because there were fewer people alive back then
― lag∞n, Monday, 30 October 2023 02:33 (seven months ago) link
shakespeare was bad because there were fewer people alive back then
lol what
― out-of-print LaserDisc edition (sleeve), Monday, 30 October 2023 02:35 (seven months ago) link
https://pbs.twimg.com/media/F7xys_AbcAAmoWF?format=jpg&name=large
its funny how mad so many of these geniuses are about having been made to read a few books in school
― lag∞n, Monday, 30 October 2023 02:38 (seven months ago) link
a silicon valley billionaire reading proust "this is inefficient!"
― lag∞n, Monday, 30 October 2023 02:43 (seven months ago) link
on one hand I feel bad for the guy if he's all discombobulated by not having any medication in jail, but on the other hand the entire shtick of him having "brain fog" and being "unable to focus" is totally him thinking he only sounds very smart and has the Good Thoughts when he's cranked to the gills on speed
many people throughout history have had this issue, and a surprising number have been able to convince others that their ideas are very good by talking quickly and verbosely. or writing many pages about how great their thoughts are, like Ayn Rand
― ɥɯ ︵ (°□°) (mh), Monday, 30 October 2023 14:18 (seven months ago) link
they should let him be cranked up on the stand in front of the jury imo
― ɥɯ ︵ (°□°) (mh), Monday, 30 October 2023 14:20 (seven months ago) link
hell yeah lets do this
― lag∞n, Monday, 30 October 2023 14:22 (seven months ago) link
the rate at which guys with altered brain chemistry whether via drugs or mental illness have been history makers is pretty high lol
― lag∞n, Monday, 30 October 2023 14:25 (seven months ago) link
I see that this was covered in that david gerard link above, nm
― ɥɯ ︵ (°□°) (mh), Monday, 30 October 2023 14:40 (seven months ago) link
people like to give attention to people who stand out. one of the main ways to succeed out there is to figure out what people think is normal and then do something just far enough out of their comfort zones to keep their interest
― ɥɯ ︵ (°□°) (mh), Monday, 30 October 2023 14:41 (seven months ago) link
@innercitypress
Cohen: How many hours a day were you working?SBF: 22 a day, 23 maybe
his guys shd ask him abt panera lemonade consumption, it's a cast-iron defence imo
(cross has now started btw, the above is from before that)
― mark s, Monday, 30 October 2023 15:47 (seven months ago) link
live nytimes coverage here: https://www.nytimes.com/live/2023/10/30/business/sam-bankman-fried-ftx-trial
― ɥɯ ︵ (°□°) (mh), Monday, 30 October 2023 16:07 (seven months ago) link
everything from the prosecutor is asking him if he remembered saying things that he obviously said and he's all "I don't remember but maybe I said that"
the defense is completely "I didn't know anything and if I said I did, I do not recall having said that"
― ɥɯ ︵ (°□°) (mh), Monday, 30 October 2023 16:10 (seven months ago) link
the classic "I'm just a little guy!" defense but a little guy with memory problems
― ɥɯ ︵ (°□°) (mh), Monday, 30 October 2023 16:11 (seven months ago) link
only works when youre being questioned by congress
― lag∞n, Monday, 30 October 2023 16:12 (seven months ago) link
sbf good again
AUSA Sassoon: You called people on Crypto Twitter "Dumb motherf*ckers"?
― mark s, Monday, 30 October 2023 16:20 (seven months ago) link
― lag∞n, Sunday, October 29, 2023 9:38 PM (yesterday) bookmarkflaglink
I can't find it now, but I'm pretty sure John Fahey made exactly this argument in one of his liner notes, except it was obviously tongue in cheek.
― longtime caller, first time listener (man alive), Monday, 30 October 2023 16:21 (seven months ago) link
"this argument" = statistics prove that there are better composers than Beethoven alive today, or something along those lines.
― longtime caller, first time listener (man alive), Monday, 30 October 2023 16:22 (seven months ago) link
sbf secret fahey freak
― lag∞n, Monday, 30 October 2023 16:24 (seven months ago) link
“The stuff you said about wanting good regulations was just PR, wasn’t it?” Sassoon, the prosecutor, asked. Bankman-Fried said it wasn’t. Then the prosecution showed screenshots of Bankman-Fried telling a journalist exactly that.
― ɥɯ ︵ (°□°) (mh), Monday, 30 October 2023 16:25 (seven months ago) link
One of the things that happens when illiterate "smart people" try to just figure everything out "from reason" is that they wind up coming up with trite and stupid conclusions that are not only unoriginal but have already been addressed by many people. That's part of why reading and learning is a good idea - other humans have come before you with similar thoughts.
― longtime caller, first time listener (man alive), Monday, 30 October 2023 16:28 (seven months ago) link
yeah knowledge is better than logic
― lag∞n, Monday, 30 October 2023 16:30 (seven months ago) link
AUSA Sassoon: Did you disclose to your customers that the risk engine had been exploited?SBF: I can explain if you want.AUSA: That's alright.
― mark s, Monday, 30 October 2023 19:27 (seven months ago) link
I mean, there's arguments about the worth of Shakespeare and the canon and their place in power systems, but this isn't that, this is the same regarding literature as the AI doomers are about intelligence, boiling it down to a number that you can plot going upwards.
one of many things bad things about ea is theyre "first principles" cultists, like upon hearing the term effective altruism you might assume its a good thing people learning about the best way to give away their fortunes by say consulting experts on the topic
Also it's a very "well that sounds nice, who could be against that?" gig, like calling yourself rationalists, you might as well start a party and call yourself the Right Party... oh yeah, that tracks.
― Andrew Farrell, Monday, 30 October 2023 20:51 (seven months ago) link
Ms. Kudla: I am getting to that point. It will only take about 10 minutes.Judge Kaplan: Some people don’t have 10 minutes left to live.Ms. Kudla: Fair.
this was my fave moment, so far
― vodkaitamin effrtvescent (calzino), Monday, 30 October 2023 21:05 (seven months ago) link
https://pbs.twimg.com/media/F9uGeurWoAAeloT?format=jpg&name=small
― longtime caller, first time listener (man alive), Tuesday, 31 October 2023 01:40 (seven months ago) link
a-ha's "take coin me" (1985)
― oatly carmichael (m bison), Tuesday, 31 October 2023 01:53 (seven months ago) link