[HN Gopher] Sam Bankman-Fried is not a child
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Sam Bankman-Fried is not a child
Author : cheeseface
Score : 52 points
Date : 2023-02-04 20:25 UTC (2 hours ago)
(HTM) web link (newsletter.mollywhite.net)
(TXT) w3m dump (newsletter.mollywhite.net)
| latchkey wrote:
| I agree a lot with what she's saying about press trying to build
| an image of him as a young kid. But, at the end of the day,
| regardless of how the press frames things, it isn't like he's
| going to end up in juvenile hall. He will be tried as an adult.
|
| As someone who's turning 50 soon, 30 seems like several lifetimes
| ago for me. Age is this weird thing and you only realize it more
| and more as you get older.
| roundandround wrote:
| At least since the OJ case I think it's pretty clearly a part
| of a legal defenses goals to win or at least do damage control
| in the media for a high profile case, assuming resources to do
| so.
|
| Even if sequestering worked better than it does, I think there
| are a lot of other subtle influences from mainstream consensus
| that affect all the participants in the process.
| LewisVerstappen wrote:
| [flagged]
| latchkey wrote:
| Molly's career is now based on being a 'cryptocurrency
| critic'... so as long as cryptocurrency is around, the answer
| is: until she stops
|
| She owns crypto and is paid by a Filecoin fund...
|
| https://www.mollywhite.net/crypto-disclosures
| greenyoda wrote:
| > She owns crypto
|
| An insignificant amount, according to that URL: "I own small
| amounts (less than $500 worth at time of purchase) of crypto
| tokens or other crypto assets, which belong to an undisclosed
| address I use for research purposes. These do not represent a
| significant portion of my assets, and are used primarily to
| access token-gated projects and experiment with smart
| contracts rather than for any attempt to earn a return. If I
| do somehow end up with more money than I put in as a result,
| I intend to donate it."
|
| > and is paid by a Filecoin fund
|
| "The fellowship has no strings attached as far as my
| independence in researching and analyzing the crypto
| industry, and I am not obligated to do any work relating to
| Filecoin (nor am I obligated not to). Although my focus at
| the LIL will not involve Filecoin specifically (unless it
| independently happens to crop up in my work), I still wish to
| disclose it as a potential conflict of interest, should it
| come up."
| latchkey wrote:
| Yes, thanks for the extended summary, but that's why I
| included the link.
|
| I'm also doing an experiment with crypto. I bought $100 of
| BTC and $100 of ETH on paypal in Nov 2020, because well...
| paypal added that feature. It is now worth a combined
| $512.39. During the last bull run, it was near $2k. I plan
| on donating it some day as well! Regardless of your
| personal view of crypto, I think it would be pretty cool if
| more people did that.
|
| Edit: of course, getting downvoted. i'll take the full -4
| in the hopes that my comment spawns some future donations
| to charity.
| blitzar wrote:
| What null hypothesis are you testing with your
| experiment?
| latchkey wrote:
| I've been saying for 10 years that "magic internet money
| always goes back up" and so far I haven't been wrong.
| dpatterbee wrote:
| This seems like an overly dismissive comment. Do you feel like
| this story is no longer worthy of discussion? Why?
| rossdavidh wrote:
| I don't think I've ever read any substantive analysis that
| thought he was too young to know he was committing fraud. Not
| saying it never happened, but none of the analysis I've seen is
| suggesting he shouldn't be tried as an adult.
|
| However, I have seen (and agree with) quite a bit of analysis
| suggesting that a person in their mid-20's with limited
| experience in the world of finance should not have been given
| this much money to work (gamble) with. He didn't just make a lot
| of money on crypto; he was given a lot of money by VC investors,
| who should have known better. The emphasis on his youth is, I
| think, meant to suggest that the investors were not doing their
| job, which is after all to determine whether a person should be
| given money to invest, and if so how much. Someone who plays
| video games during a pitch, unless they are pitching their new
| video game, should not have been given other people's money.
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(page generated 2023-02-04 23:01 UTC)