bit¢oin$

The Levine footnote is sadly not about roulette, it's just pointing out that the Fed won't help, but the Federal Deposit Insurance Corp will - but it'll help depositors not the bank.

Yeah I didn’t post the rest of that newsletter just to avoid a wall of text but it’s all good. It’s free to subscribe!

rip winklevii

*CRYPTO BROKER GENESIS SUSPENDS WITHDRAWALS, ORIGINATIONS IN LENDING BUSINESS pic.twitter.com/1O5mPdfrsW

— Investing.com (@Investingcom) November 16, 2022

https://pbs.twimg.com/media/FhsOI4CWAAI3UeU?format=jpg&name=medium

post trunkless legs of stone

idk why that always reminds of ethan canin's "palace thief" a moment before it reminds of shelley

ethan canin another notable stanford person, btw

Are all Stanford grads psychos and grifters

i mean, i certainly am. but i only know a small fraction of the 10k ppl they graduate every year

sometimes life creeps up on you

So @kelseytuoc has been DMing with SBF and … just … my Godhttps://t.co/NbvlomnQhC pic.twitter.com/Ra4Xq5ZeHq

— dylan matthews (@dylanmatt) November 16, 2022

having a hard time figuring out what to make of bankman f he is very odd

Got gifted kid issues, had a job at Jane Street but the highs weren’t high enough, HFT is just ordinary market making now, he wanted to do crazy trades with other people’s money

Possibly doesn’t have a lawyer

seemingly has some sociopathic qualities, the disconnectedness just looking at the world as problem to figure out, but not full on sociopath doesnt seem to have the cruelty

ah yeah lol

https://pbs.twimg.com/media/Fhtr12aXkAMDglE?format=jpg&name=medium

he is the son of two lawyers, should have a lawyer xp

whaaa, is that last text exchange real? it's an irl scooby-doo unmasked villain explaining the whole game scenario

its real lol, see linked vox article in previous tweet

I wonder if this was his attitude the whole time or if "hey man regulations are bullshit and there is no such thing as ethical behavior" is all post-hoc

i would guess that if he ever cared about other people, it was early on and then he faced an "ethical dilemma" and chose the path with all the money

I just want someone to assure me that my bored ape is still worth $1.5M

lol, is he literally admitting that the whole effective altruism thing was a charade?

Ethics = being woke, YEP

i think he still prob agreed with the core of effective altruism that him getting all the money was good

A class action lawsuit has been launched against FTX’s former chief executive Sam Bankman-Fried over the crypto exchange’s collapse which also names as defendants a host of its celebrity backers including Larry David, Naomi Osaka, Gisele Bündchen and Shaquille O’Neal.

Filed in Florida by class action attorney Adam Moskowitz, the case is one of the first to attempt to hold the sports stars and entertainers who promoted cryptocurrencies in the boom years responsible for their support.

As well as naming Bankman-Fried as a personal defendant, the case pulls in as co-defendants a host of names who it claims “either controlled, promoted, assisted in, (or) actively participated in FTX Trading”.

They include: comedian Larry David; Japanese tennis star Naomi Osaka; the married couple Gisele Bundchen and Tom Brady and his fellow NFL star Trevor Lawrence; basketball players Shaquille O’Neal, Steph Curry, Udonis Haslem and the Golden State Warriors; baseball players Shohei Ohtani and David Ortiz; and celebrity investor Kevin O’Leary.

sometimes a shady trading operation with close ties to your company creeps up on you

There is something a little different about his vibe, a little more self-aware, a little less genuinely grandiose than IDK, WeWork guy.

wework guy is just a garden variety egomaniacal huckster, sbf is something weirder

lmao

(3/3) Mr. Bankman-Fried has no ongoing role at @FTX_Official, FTX US, or Alameda Research Ltd. and does not speak on their behalf.

— FTX (@FTX_Official) November 16, 2022

Suing him for what he’s worth negative 50 billion dollars right now

ah well nevertheless

JUST IN: Singapore’s state-owned investor Temasek has decided to write down its entire $275 million investment in FTX, saying its belief in Sam Bankman-Fried was likely “misplaced" https://t.co/ik34KJrA2t

— Bloomberg (@business) November 17, 2022

P funny that Larry David is getting sued for literally telling people not to get involved with this company.

*Curb theme plays*

total curb plot

lol xp

I feel like the Curb plot would be that this then leads to “Larry Knew” protests

lmao

Alameda Research CEO learning the wrong lessons

Can't stop reading Caroline's Goodreads reviews. Perhaps the one on Super Pumped is the most telling.

She also gave Bad Blood a 4.41/5. pic.twitter.com/MdxzZT1ga7

— Kari Vanessa McMahon (@karivmcmahon) November 13, 2022

lmao grayball was their law breaking software

Co-CEO of Alameda Research, Caroline Ellison preparing for Christmas 🤶 pic.twitter.com/lxDvjFLBI0

— Mr. Whale 🐳 whalechart.org (@WhaleChart) November 11, 2022

lol

The Psychopharmacology Of The FTX Crash

Lol I read most of that before realizing it was SSC you gotta warn me of these things

One thread etc

Coverage of FTX meltdown is incomparably faster *and* better quality on Twitter than old-school media

— Elon Musk (@elonmusk) November 17, 2022

pic.twitter.com/mxdCbTJlCr

— Jaba The Reversal (@nikos5800) November 17, 2022

https://www.theonion.com/what-to-know-about-the-collapse-of-ftx-1849786911

Q: So if FTX is bankrupt, which exchange is more trustworthy for my remaining crypto assets, Coincheck or Bitstamp?
A: You are going to lose all of your money.

lol

🐦[Co-CEO of Alameda Research, Caroline Ellison preparing for Christmas 🤶 pic.twitter.com/lxDvjFLBI0🕸
— Mr. Whale 🐳 whalechart.org (@WhaleChart) November 11, 2022🕸]🐦

born 1994, says Wikipedia. 28.

Weird vibe from that Vox interview, yeah, like SBF doesn't care that much about his own wellbeing or the ramifications of admitting all this stuff (or he's sufficiently sheltered that he isn't worried about it)

admitting that he doesn't give a fuck about ethics is genuine, at least. if he gave 0.001% a fuck about it he would be feeling extremely bad about how much he damaged the important new groundbreaking idea of "effective altruism" for anyone else who is using that as their line right now

ethics are what you impose on other people

it's true but it's not genuine is how i break it down etc

he doesn't do genuine he does "what likely plays right now" -- sometimes this overlaps with the facts