Re:Sam Bankman-Fried is a feature, not a bug
by tw04 on Sunday November 05, 2023 @01:10PM
(#38153779)
How is he defining "rich" - because AFAIK his algorithm didn't just take money from the whales to give to Alameda - and when things are settled, it's almost assuredly the whales that will get paid out first. So he's almost assuredly taking from the middle-class-at-best to give to his own personal pet projects.
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Re:Sam Bankman-Fried is a feature, not a bug
by Sebb767 on Sunday November 05, 2023 @01:20PM
(#38153898)
> So he's almost assuredly taking from the middle-class-at-best to give to his own personal pet projects.
He's still (for the largest part) taking investment money from the top 1% or at least top 10% of the world and is (in his opinion) putting it to work saving actual lives. I don't think it's that hard to see how he could justify his actions to himself.
> and when things are settled, it's almost assuredly the whales that will get paid out first.
This is pure speculation on my part, but I'm pretty sure that "how is the remaining money re-distributed once my company implodes" didn't make it into his calculations. Also, where the remaining funds go is pretty irrelevant to the calculation anyway, as it's not going to be funneled towards EA causes.