Re:Sam Bankman-Fried Has a Savior Complex (September 2022)
by TechBro8615 on Thursday November 10, 2022 @12:22PM
(#33549899)
Ah yes, the mysterious elite and their impenetrable opaque social circles that spawn wunderkind out of thin air...
[ Parent
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Re:Sam Bankman-Fried Has a Savior Complex (September 2022)
by scifibestfi on Thursday November 10, 2022 @12:28PM
(#33549998)
Aren't they just referring to the rich elite class that uses nepotism?
Re:Sam Bankman-Fried Has a Savior Complex (September 2022)
by croes on Thursday November 10, 2022 @12:38PM
(#33550166)
Spawn investment money out of thin air
Re:Sam Bankman-Fried Has a Savior Complex (September 2022)
by biggoodwolf on Thursday November 10, 2022 @01:14PM
(#33550717)
Just good nature and good nurture.
Re:Sam Bankman-Fried Has a Savior Complex (September 2022)
by strikelaserclaw on Thursday November 10, 2022 @01:18PM
(#33550769)
i'm sure SBF is very smart, i just meant more like "How would this guy get access to that kind of capital"
Re:Sam Bankman-Fried Has a Savior Complex (September 2022)
by chucksmash on Thursday November 10, 2022 @03:10PM
(#33552483)
The article mentions it. He started doing the arb with $50k of his own money through a bank account another Effective Altruist in Japan helped him set up, then:
> With SBF’s initial $50,000 compounding at 10 percent each day, the next step was to increase the amount of capital. At the time, the total daily volume of crypto trading was on the order of a billion dollars. Figuring he wanted to capture 5 percent of that, SBF went looking for a $50 million loan. Again, he reached out to the EA community. Jaan Tallinn, the cofounder of Skype, put up a good chunk of that initial $50 million.