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SBFTX
 

offline EpicMegatrax from Greatest Hits on 2022-12-28 09:33 [#02623460]
Points: 20648 Status: Regular



so, i'll supersize this ramble.

Sam Bankman-Fried. FTX.

Start: The week where SBFTX all, "i got it, i got it, i go-
ohhhh shiiii" and I'm not knowing his name, his face,
anything.

And I'm trying to make sense of it. I read about "the thing"
where he's on a conference call, and he's selling people's
pants off, while playing League of Ledgers or some shit.
Mouth going -- I am picturing -- on autopilot, brain
actually on video games. I think: I have a hunch, but I need
to actually hear him; I need the audio to ascertain.

LAZY_TITLE

i've left the interviewer's very, very longwinded...
specific... question... in there deliberately. for contrast,
for SBF's body language.

it is: "your terms of service say you're not going to dip
your beak in, and you seem to have violated this, yes?"

he replies: "well, yes, there's that part of the terms of
service but then there are these other parts of the
terms of service..."

then he's off on a chipmunk reel about borrow lender hand
gesture; occasionally coming up for air enough to give you
the sense that there is an overall plot; you simply aren't
fast enough to keep up with him.

i nod -- or, well, i nod to myself in my head, is that
weird? -- and think: yes, the problem here is amphetamines.

googling around i'm finding things like... a box of
transdermal patches for some MAOI antidepressant that
metabolizes into amphetamines, interviews with the FTX
company doctor saying "yes i wrote a few prescriptions for
ADHD there" and now things like "SBF requests they bring his
prescription medications to him in jail" and then part of
his bail conditions are "substance abuse counseling" and i
could keep going, but...

doesn't it all make so. much. fucking. sense?


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 09:35 [#02623462]
Points: 20648 Status: Regular



cite: new names thred: Sam Crankman-Speed


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 09:47 [#02623466]
Points: 20648 Status: Regular



throw in HGH and hair plugs and this thred might just begin
to cover elon musk


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 09:48 [#02623467]
Points: 20648 Status: Regular



elon musk copped to ambien. SBF never floated his particular
choice but also tweeted mercilessly about how to end the
day, and i'd bet similar. what a nightmare.


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 09:51 [#02623468]
Points: 20648 Status: Regular



actually this feels like a general silicon valley problem

sorry i'm using my own thred to figure out what. da. fuk.
here. it's my process


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 10:08 [#02623469]
Points: 20648 Status: Regular



has anyone actually read atlas shrugged? all 900+ pages of
tweaker horseshit? you can look it up, there are letters on
public record, like, "ayn, i'm kind of scared, you're
slamming the dexedrine way. too. hard." and finishing the
book almost puts her six feet under; her doctor prescribes
weeks of bedrest, etc.

so obviously, i am operating off of a summary here. but
there's been something nagging at me about elon musk.
finally, i have it: he wants to be john galt. he wants to
john galt and disappear off to mars. the whole libertarian
process of climbing deeper and deeper up your own anus until
you reach your third eye and things explode with rainbows;
he's further than i could have ever imagined.


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 10:13 [#02623470]
Points: 20648 Status: Regular



so anything crypto, that could be magic beans, with some
singular personality at the head -- watch out. i'd not
invest in binance right now, for example. not that i have
any money to invest

[sidebar: then you have the shit we were have supposed to
have learned first .com crash 2001 or so; like carvana. a
fine idea, a terrible business model, a bunch of car vending
machine losing money in both directions over the last few
years, financed by loans and capital in a way that was never
sustainable, feeding into a stock that was valued mostly on
hype rather than economics. that's another thread]

but binance is too easy. i want a harder pick

mmm. robinhood. that company gon' asplode 2023


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 10:49 [#02623471]
Points: 20648 Status: Regular



FTX org chart, over 100 individual companies. in talks with
binance for a bailout, he sends over their master
spreadsheet, complete with a note that is literally, like,
"i'm sorry i lost billions here" ~ cite ~ and the
general impression is that of some high school kid in way
over his head.

so how the fuck did he manage over 100 shell companies?
thots r:

i am struck by the remarkable correlation between [a
meth-hed hiding velco in a box of cereal for Very Serious
Reasons, Creating an impenetrable network of shell
companies]. to wit, if you, yourself, don't know where the
money is actually going, then that makes it secure.

also my running bet on who walked off with ~$370m in ETH --
the former exec that quit to spend more time with his boat.


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 10:51 [#02623472]
Points: 20648 Status: Regular



i wonder if that corporate org chart has any parallels with
league of legends formations


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 10:52 [#02623473]
Points: 20648 Status: Regular



no that'd be more DOTA 2


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 11:00 [#02623474]
Points: 20648 Status: Regular



That worst-case scenario might sound familiar: It
speculates that Binance could be using a token called BNB,
which is native to Binance’s own blockchain, as collateral
for loans. Binance denies this practice, but if it were
true, it could leave the company vulnerable the same way
FTX’s FTT token did. The value of BNB could crater if the
market were to grow uneasy about Binance’s health
~
LAZY_TITLE

it's not a hard guess, see? someone guessed the same thing
over two weeks ago, then wrote an article about it, and here
i am pointing out the same thing like like i am ~so smart~

the first time anyone did anything useful with bitcoin was
trade a whole bitcoin for a pizza, yes? so i'll bet someone
a pizza that robinhood suffers some sort of major catastophe
in 2023. if i say any more, i'll ruin my chance at a free
pizza.


 

offline mermaidman on 2022-12-28 11:06 [#02623475]
Points: 7662 Status: Regular



people have given up! xltronic has given up!


 

offline mermaidman on 2022-12-28 11:07 [#02623476]
Points: 7662 Status: Regular



xltronic is tired! no one can stand in front of the force
that is epicmegatrax!


 

offline mermaidman on 2022-12-28 11:07 [#02623477]
Points: 7662 Status: Regular



all hail!


 

offline EpicMegatrax from Greatest Hits on 2022-12-28 11:21 [#02623478]
Points: 20648 Status: Regular



side bet on the chisled nut that runs telegram, one pavel
durov, having his brian wilson "heroes and villians" mixdown
moment after being awake for three days. like, it's not that
it's a financial house of cards, but he posts these photos
of himself shirtless, like... first off, why? but then
there's clearly an almost pathological obsessiveness put
into that torso, and then show it off, and reports are he
runs that place like a cult... so, no, no sir, it's not the
money. it's just he's already nuts on uppers and he might
spontaneously go over the edge tomorrow. or next. week. or
never.

so not wagering a pizza there. telegram is alright; hope he
holds on


 

offline Tony Danza from nuked west on 2022-12-28 14:27 [#02623481]
Points: 3128 Status: Regular



just say no to drugs is such an insipid critique of
economics I'm surprised malcolm gladwell hasn't excreted one
of his nonbooks about it


 

offline EpicMegatrax from Greatest Hits on 2022-12-30 09:29 [#02623544]
Points: 20648 Status: Regular



from the starlink terms of service

"For Services provided on Mars, or in transit to Mars via
Starship or other spacecraft, the parties recognize Mars as
a free planet and that no Earth-based government has
authority or sovereignty over Martian activities," the
Starlink terms of service read. "Accordingly, Disputes will
be settled through self-governing principles, established in
good faith, at the time of Martian settlement."


e.g. send the jan 6 mob to mars and have them storm musk's
office; poop on the floor.


 

offline EpicMegatrax from Greatest Hits on 2022-12-30 09:33 [#02623545]
Points: 20648 Status: Regular | Followup to Tony Danza: #02623481



just say no to drugs is such an insipid critique of
economics I'm surprised malcolm gladwell hasn't excreted one
of his nonbooks about it


i've not heard of him; he seems rancid. what is your point,
here? is this tacit support for slamming loads of adderall
and treating billions of peoples' cash as a league of
legends match? like, who are we to argue with drugs
when it comes to economics? just trying to understand why
you said what you did



 

offline EpicMegatrax from Greatest Hits on 2022-12-30 22:27 [#02623587]
Points: 20648 Status: Regular



that i will admit, like a child who is fascinated with, say,
static electricity, and then thus wants everything to
be in terms of static electricity -- it's what makes
elevators and escalators work, yes? and it's also what god
is?
-- i may be over-reading things. that, perhaps, when
i said, "some high school kid in way over his head" that
this was the actual answer. he didn't know how to handle his
company going under so he dug in, to insane/clinical
levels.

but then, i saw this ~ LAZY_TITLE

As many dissected the federal complaints’ effect on
various congressional hearings and the future of crypto, a
smaller group of people were more focused on another area of
Bankman-Fried revelations: his admission of wearing
something called an Emsam patch.

“I have a prescription for Emsam, and have for roughly a
decade,” Bankman-Fried planned to tell a House committee,
according to a prepared version of his remarks published by
Forbes on Tuesday. He added, “It is not generally the case
that people are expected to talk about their private medical
conditions, but enough paparazzi have snapped photos of my
belongings and theorized about it online that I guess I have
no choice.”


...and then, this article, it's wily; it has its eye on me:

Because so few people had ever heard of Emsam before,
this was wildly intriguing and became a decent way to prove
whatever you wanted to prove about SBF. A quick internet
search showed that the drug had been created to treat
Parkinson’s. But the man didn’t have Parkinson’s! That
demonstrated … something.


what the article does not get into is that emsam metabolizes
into amphetamines, he tweeted about uppers and sleeping
pills, if you have a private doctor on staff and you're
fucking around with some weird transdermal shit... but,
yeah, maybe i'm just fascinated by weird drugs


 

offline EpicMegatrax from Greatest Hits on 2022-12-30 22:28 [#02623588]
Points: 20648 Status: Regular



As SBF stated in one of the more poetic lines of his
prepared testimony: “I am, and for most of my adult life
have been, sad.”


who's to argue with that?


 

offline EpicMegatrax from Greatest Hits on 2022-12-30 23:37 [#02623591]
Points: 20648 Status: Regular



then, whops, yes, there's this too

For an additional assist, Bankman-Fried still relied on
Adderall every four hours


bio-availability timing for IR adderall. no dosage
mentioned. i cheekily said "200-300mg" in the other thred,
but, no, that was a joke. more proper guess: a bit over
100mg a day, on top of making tetris shapes with emsam
patches on his bum. then ambien or perhaps even terrifying
halcyon to put himself down

elon musk has a "tweeting on ambien" problem sometimes, i
think. $420 an overshare


 


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