The argument this quip points to is very clear, though. SBF tried to sell the regulatory entrenchment of his monopoly as a solution to the respective market's deep problems, which he purportedly was in a position to address. He was revealed as the epitome of crypto problems: deception of users and partners, manual controls in place of algorithms, total abandonment of the premise that made the whole thing attractive. And messianic delusions, too.

He actually used a notable rhetorical device that is used to evoke images in your mind without having to describe them. Definitely not a quip and not mindless.

SBF's biggest problem was that he got caught (and became famous) before he could do the work necessary to clean things up. There's tons of grey/hinky stuff that goes on inside companies starting up. These companies either die, get acquired, or professionals are brought in to clean it up before it goes public.

FWIW I think Sam is an honest actor here though. No real funny business with OpenAI.

I've seen similar comment about SBF being genuine and solid here on HN before the whole scandal.

I don't think this is the same story, life is more complicated than that, but I don't see why I should blindly trust Altman because he seems like a good guy.

> No real funny business with OpenAI.

Well, except for the funny business such as backpedaling on being "open", trying to be a billion dollar company while pretending they aren't trying to be a billion dollar company, etc.

And with Sam Altman personally, it's really, really hard for me to get past all that WorldCoin stuff and pretend it never happened.

Disagree. They are serving similar structural roles(although I highly doubt OpenAI is a scam). While it could be expanded in depth, it points the similarity out...

When 10s of millions of your own money are at stake and depend upon how an industry is regulated you are most definitely not the right person to call the shots on how said regulation should be implemented.

No, but you are the exactly the right person to hit up for campaign donations in exchange for regulating it a certain way.

Ratio.