Quote from: Biodom on Today at 05:42:50 PM

Quote from: AlcoHoDL on Today at 01:09:23 PM

Why FTX's Sam Bankman-Fried is Right

Watch until the end N Y K N Y C

An interesting take, I agree. Especially the part where he says that CZ should similarly destroy Binance....calls is an act of effective altruism, lol.
I don't think people calling it fraud is defamation, though, since Mr. Ray (new CEO) already said that there were inappropriate actions.
At least one Dem senator (Durbin) said pretty much the same (albeit I disagree with his generalizations).
That guy doesn't know s-t about volatility. If he has concern about bitcoin volatility, how about META and NFLX, lol?
https://www.youtube.com/watch?v=zmwLkjQl-vY

One word about paying lawyers...I was a part of Enron unsecured creditors list (basically, stupidly bought a bit at a "bargain" $2-3).
The recovery there was pretty good-around 30-32%, so Mr. Ray achieved something.
Typically, stock holders receive something that is close to nothing and getting those funds at or close to the end of 2002-2003 recession allowed me to reinvest the proceeds close to the bottom.

Quote from: JayJuanGee on Today at 07:07:39 PM

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Quote from: AlcoHoDL on Today at 01:09:23 PM

Why FTX's Sam Bankman-Fried is Right

Watch until the end N Y K N Y C

I can see that the guy is making some decent points.. but I have difficulties giving any benefit of the doubt to SBF (including that the presentation of SBF recognizing that SBF is talking out of both sides of his mouth.. and sure maybe SBF wants us to hate him.. the psychotic, flabby vegan and purported ethical altruist wannabe),

...and I also have some trouble with the Defi is fine talking point... , even though there is likely truth to the fact that SBF and even Alameda were paying back Defi loans while they were failing/refusing to pay back real world people and while they have so far been running off with the money..

and another thing that I have not been seeing too much is how various political donors are actually donating out their money rather than giving that money back to the (rightful owners) through the bankruptcy proceedings (for the creditors.. and the attorneys as was pointed out.. yeah attorneys make a lot and probably too much to sort through these kinds of quagmires of trying to get back money that can be gotten back, in theory.. or hopefully through the difficulties of the current system.. in which there are a lot of ways to criticize the current system.. but a siding with the criminal seems kind of strange.. even though yeah his attorney will need to do that at some point.. if the guy gets locked up or maybe he will choose to represent himself.. since SBF seems to think that he is so smart about presenting his issues (I mean lies) in the court of public opinion)... I know my last paragraph is rambling.. but fuck that guy SBF.. even though the video presentation does make some decent theoretical, factual and for the sake of argument points.

@Biodom, @JJG:

I was a bit reluctant to post the link to that video, because of the inclusion of his DeFi/crypto business promotion. I think the video is more (probably only?) satirical than it is informative, although he does make some valid points in a general sense. I don't think this guy actually likes SBF. He's just making fun of him and at the same time stressing the all-importance of NYKNYC.

I believe SBF knew exactly what he was doing. For context, here are some of his private messages that were leaked to the press. Effective altruism...