I'm glad there are people like Coffezilla out there exposing scammers even when its obvious they are scammers because they still hurt regular people.
Now we just need to get Coffeezilla in front of those people.
They can only do so much. Like I watched a recent coffee video where he revisted a scammer he'd already called out because that person had hurt people after he'd already highlighted it.
I would like some money because these are artisanal nuggets of wisdom philistine.
I'm glad there are people like Coffezilla out there exposing scammers even when its obvious they are scammers because they still hurt regular people.
Now we just need to get Coffeezilla in front of those people.
They can only do so much. Like I watched a recent coffee video where he revisted a scammer he'd already called out because that person had hurt people after he'd already highlighted it.
I think it's partially because there is a not insignificant fraction of the population that would rather be scammed out of all their money than admit they were wrong.
I think it's more than just not wanting to admit you were wrong. For some with low income and debts, they really want to believe in the financial dreams.
Perhaps a similar mechanism that Romance Scammers exploit. The victim may realize something isn't quite right, but they want it to be true and prefer to disregard the evidence.
Maybe even similar to some religions. I remember decades ago before I learned to mind my business, I asked a very religious friend what evidence there was for life after death and he responded that, did I want to just be wormfood in the ground rather than a divine being with a soul?
Keeping straight what is true and what would be nice if it was true is not an automatic mindset.
I think it's more than just not wanting to admit you were wrong. For some with low income and debts, they really want to believe in the financial dreams.
Perhaps a similar mechanism that Romance Scammers exploit. The victim may realize something isn't quite right, but they want it to be true and prefer to disregard the evidence.
Maybe even similar to some religions. I remember decades ago before I learned to mind my business, I asked a very religious friend what evidence there was for life after death and he responded that, did I want to just be wormfood in the ground rather than a divine being with a soul?
Keeping straight what is true and what would be nice if it was true is not an automatic mindset.
Yeah, the farmer interviewed in that coffeezilla revisit was just saddening - had a large number of health issues, which he couldn't afford, and was facing having to sell his farm (which would be only a temporary solution as then he'd have 0 income instead of merely not enough income).
For that farmer, the prospect of being able to pay his medical bills and keep his farm seemed too good to pass up... and unfortunately turned out to be too good to be true instead.
At the end of a 15,000-word Twitter thread he never posted, Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, offered a blunt assessment of his predicament.
“I’m broke and wearing an ankle monitor and one of the most hated people in the world,” he wrote. “There will probably never be anything I can do to make my lifetime impact net positive.”
He added: “And the truth is that I did what I thought was right.”
After Mr. Bankman-Fried was arrested, charged with fraud over FTX’s collapse and placed in home detention in December, he wrote hundreds of pages of sometimes rambling self-justifications, ranging from childhood memories to mathematical calculations.
In a draft of his unsent posts, which he formatted as a series of tweets spanning roughly 70 typed pages, he criticized some of his closest colleagues, interspersing his arguments with photos from his high school years and stock images of popcorn and a garden maze. Every few pages, a key moment in the narrative is accompanied with a link to a music video by Alicia Keys, Katy Perry or Rihanna.
Once a prolific poster on Twitter, now known as X, Mr. Bankman-Fried, 31, labeled the thread “a draft of a draft of a draft of an idea” and included links to 29 other files about FTX. One document, titled “Inception V2,” is a lengthy attack on the company’s bankruptcy lawyers, featuring a screenshot from the 2010 Christopher Nolan movie. A separate link pulls up a spreadsheet listing Mr. Bankman-Fried’s Amazon orders from 2021.
The roughly 250 pages of documents, which have not been previously reported, provide a window into Mr. Bankman-Fried’s mind-set during the eight months he spent in home detention before a judge revoked his bail in August. The writings also offer new details about his possible legal defense beyond what his lawyers have revealed in court, shedding light on how he may justify his actions when his trial starts on Oct. 3.
Prosecutors have charged Mr. Bankman-Fried with orchestrating a scheme to funnel FTX customer funds to a hedge fund he founded, Alameda Research, so that his companies could make venture capital investments, buy real estate and donate to politicians. He has pleaded not guilty and faces decades in prison if convicted.
During his house arrest, Mr. Bankman-Fried sent the documents to Tiffany Fong, a social media influencer who has a YouTube channel about the crypto industry. Ms. Fong shared them with The New York Times.
“He liked that I don’t work for anybody,” she said. “He thinks I can just sort of come to my own conclusions.”
A representative for Mr. Bankman-Fried declined to comment.
Eh... Nolan's works have been sufficiently memed that I don't think there's any particular correlation between people dropping "-ception" or "BWAAAAAM" references and their fascination for things depicted in Nolan's movies.
In fact I'm pretty certain it's baseline for being issued your "have been online some time in the last 15 years" card.
I'm more interested in "what's broken in your brain that you write your memoir in tweet format?"
Possibly using the app as an outliner since it was accessible and familiar. Sounds like there were other long form documents linked to by individual tweets.
“Oh, yeah?” says SBF. “I would never read a book. I’m very skeptical of books. I don’t want to say no book is ever worth reading, but I actually do believe something pretty close to that,” explains SBF. “I think, if you wrote a book, you fucked up, and it should have been a six-paragraph blog post.”
moniker on
+22
FencingsaxIt is difficult to get a man to understand, when his salary depends upon his not understandingGNU Terry PratchettRegistered Userregular
Oh, that is a brain absolutely destroyed by social media
While this guy is obviously wrong about most things in life as he is starting to discover in prison, I sympathize a little bit on books. When learning a new skill , as far as possible I want lots of hands on practice and a streamlined online course . Eg. A coding course, where I watch a short lecture, get a reference summary, then actually have to write code myself on the screen and recieve immediate feedback.
Or learning languages , I can do a hundred online practice quizzes in the time I could read an exercise in a book and write with pen and paper.
We do have far superior methods to learning from a book in my opinion.
While this guy is obviously wrong about most things in life as he is starting to discover in prison, I sympathize a little bit on books. When learning a new skill , as far as possible I want lots of hands on practice and a streamlined online course . Eg. A coding course, where I watch a short lecture, get a reference summary, then actually have to write code myself on the screen and recieve immediate feedback.
Or learning languages , I can do a hundred online practice quizzes in the time I could read an exercise in a book and write with pen and paper.
We do have far superior methods to learning from a book in my opinion.
There's more books than just programming language syntax.
Just remember that half the people you meet are below average intelligence.
While this guy is obviously wrong about most things in life as he is starting to discover in prison, I sympathize a little bit on books. When learning a new skill , as far as possible I want lots of hands on practice and a streamlined online course . Eg. A coding course, where I watch a short lecture, get a reference summary, then actually have to write code myself on the screen and recieve immediate feedback.
Or learning languages , I can do a hundred online practice quizzes in the time I could read an exercise in a book and write with pen and paper.
We do have far superior methods to learning from a book in my opinion.
There's more books than just programming language syntax.
Why read a book when you can watch someone livestream losing themselves in an obsession to hunt down a vengeful whale? Or earn it's ire yourself?
While this guy is obviously wrong about most things in life as he is starting to discover in prison, I sympathize a little bit on books. When learning a new skill , as far as possible I want lots of hands on practice and a streamlined online course . Eg. A coding course, where I watch a short lecture, get a reference summary, then actually have to write code myself on the screen and recieve immediate feedback.
Or learning languages , I can do a hundred online practice quizzes in the time I could read an exercise in a book and write with pen and paper.
We do have far superior methods to learning from a book in my opinion.
His alternative to books wasn’t instruction and practice, it was a 400 word article on a webpage with ad breaks.
Also the whole joyless “how could reading literature be useful? It won’t make me money!”
While this guy is obviously wrong about most things in life as he is starting to discover in prison, I sympathize a little bit on books. When learning a new skill , as far as possible I want lots of hands on practice and a streamlined online course . Eg. A coding course, where I watch a short lecture, get a reference summary, then actually have to write code myself on the screen and recieve immediate feedback.
Or learning languages , I can do a hundred online practice quizzes in the time I could read an exercise in a book and write with pen and paper.
We do have far superior methods to learning from a book in my opinion.
His alternative to books wasn’t instruction and practice, it was a 400 word article on a webpage with ad breaks.
Also the whole joyless “how could reading literature be useful? It won’t make me money!”
Which you know he's going to need something to do with his time. Maybe he'll take up reading
While this guy is obviously wrong about most things in life as he is starting to discover in prison, I sympathize a little bit on books. When learning a new skill , as far as possible I want lots of hands on practice and a streamlined online course . Eg. A coding course, where I watch a short lecture, get a reference summary, then actually have to write code myself on the screen and recieve immediate feedback.
Or learning languages , I can do a hundred online practice quizzes in the time I could read an exercise in a book and write with pen and paper.
We do have far superior methods to learning from a book in my opinion.
I'm not up to date on the subject, but last I heard, not everyone is a tactile learner. Just because you (and I) are doesn't mean it's the best method for everyone
While this guy is obviously wrong about most things in life as he is starting to discover in prison, I sympathize a little bit on books. When learning a new skill , as far as possible I want lots of hands on practice and a streamlined online course . Eg. A coding course, where I watch a short lecture, get a reference summary, then actually have to write code myself on the screen and recieve immediate feedback.
Or learning languages , I can do a hundred online practice quizzes in the time I could read an exercise in a book and write with pen and paper.
We do have far superior methods to learning from a book in my opinion.
I'm not up to date on the subject, but last I heard, not everyone is a tactile learner. Just because you (and I) are doesn't mean it's the best method for everyone
Additionally if the end result of someone who only reads twitter and blog posts is "Whoopsies I ponzi'd everywhere!" maybe there is some value to books.
Yeah sorry guys, I am not bashing books in general. While I prefer well designed e-courses for gaining new knowledge and skills in general, I do also maintain an inappropriately huge hoard of chess , astronomy, history, limguistics and fiction books, which I enjoy and value greatly.
I was squinting to see how Bankman's words could have merit in a specific context.
Speaking of Bankman's words, per the New York Times,
"In another document leaked to Fong, Bankman-Fried writes of Ellison: “She continually avoided talking about risk management — dodging my suggestions — until it was too late. [...] Every time that I reached out with suggestions, it just made her feel worse. I’m sure that being exes didn’t help.”
I'm looking forward to see him try to use this defense in court.
I've even seen people argue that black market transactions are the only "legitimate" usecase for crypto, since it's the one cases where the lack of trust, lack of government oversight, and use of crypto as an actual currency (rather than ersatz stock exchange) overlap.
I've even seen people argue that black market transactions are the only "legitimate" usecase for crypto, since it's the one cases where the lack of trust, lack of government oversight, and use of crypto as an actual currency (rather than ersatz stock exchange) overlap.
Which, well.
Not exactly a great argument for its existence.
And even then, at SOME point you have to turn it into real money, or what the fuck just happened?
I've even seen people argue that black market transactions are the only "legitimate" usecase for crypto, since it's the one cases where the lack of trust, lack of government oversight, and use of crypto as an actual currency (rather than ersatz stock exchange) overlap.
Which, well.
Not exactly a great argument for its existence.
And even then, at SOME point you have to turn it into real money, or what the fuck just happened?
That's what ransomware is for. Demand that legitimate businessess pay you in cryptocurrency, and they'll need to put money into the system, part of which you can collectively use to cash out.
For a while there hedge funds were happy to help out. Allegedly. I mean, you don't buy 1.5 million bitcoins for 40% below market form a legitimate seller with access to a good exchange.
For a while there hedge funds were happy to help out. Allegedly. I mean, you don't buy 1.5 million bitcoins for 40% below market form a legitimate seller with access to a good exchange.
There's actual documented evidence that the LIBOR rate was periodically set by where people were in their coke habit.
Bankrupt crypto exchange FTX is suing founder Sam Bankman-Fried’s parents, accusing them of siphoning millions of dollars in company funds to enrich themselves and their “pet causes.”
The lawsuit aims to recover funds that the company claims were “fraudulently transferred and misappropriated” by Bankman-Fried’s parents.
Joe Bankman and Barbara Fried, both tenured Stanford law professors, either knew “or ignored bright red flags” that indicated their son and his business partners were “orchestrating a vast fraudulent scheme,” according to the lawsuit.
Attorneys representing Bankman and Fried issued a statement calling the lawsuit’s claims “completely false” and “a dangerous attempt to intimidate Joe and Barbara and undermine the jury process just days before their child’s trial begins.”
Neither Bankman nor Fried have been criminally charged with wrongdoing.
I've even seen people argue that black market transactions are the only "legitimate" usecase for crypto, since it's the one cases where the lack of trust, lack of government oversight, and use of crypto as an actual currency (rather than ersatz stock exchange) overlap.
Which, well.
Not exactly a great argument for its existence.
And even then, at SOME point you have to turn it into real money, or what the fuck just happened?
Well, it depends - a fair amount of crypto on the black market probably just goes around in circulation as one person uses it to buy drugs from someone, who then uses it to purchase illicit pornography from some third guy, who then uses it to buy access to a locked website, etc. etc. etc.
Notably it's somewhat tricky to turn that type of crypto back into cash, since its record is irrevocably tainted by association with evil accounts and thus all the big "legitimate" crypto exchanges try to refuse access. But if all you care about is to keep paying in that closed ecosystem of illegal services... well, the digital money just goes around.
But this is one thing those "rapidly exchange some crypto between thousands of accounts" services do (or used to do): let you "clean" your dirty money, for a fee.
(...From what I understand the people who cash out and in for illegal purposes tend to use actual cash, for obvious reasons. You don't want a digital link between your real identity and your anonymous bitcoin ID anywhere.)
The title to the article says it all but I’d wish they’d say who was trying to apply that political pressure.
We saw how Fried tried to insulate himself from any kind of consequence by donating to both parties, pretty curious about similar donations here in the UK.
Bankrupt crypto exchange FTX is suing founder Sam Bankman-Fried’s parents, accusing them of siphoning millions of dollars in company funds to enrich themselves and their “pet causes.”
The lawsuit aims to recover funds that the company claims were “fraudulently transferred and misappropriated” by Bankman-Fried’s parents.
Joe Bankman and Barbara Fried, both tenured Stanford law professors, either knew “or ignored bright red flags” that indicated their son and his business partners were “orchestrating a vast fraudulent scheme,” according to the lawsuit.
Attorneys representing Bankman and Fried issued a statement calling the lawsuit’s claims “completely false” and “a dangerous attempt to intimidate Joe and Barbara and undermine the jury process just days before their child’s trial begins.”
Neither Bankman nor Fried have been criminally charged with wrongdoing.
Bankrupt crypto exchange FTX is suing founder Sam Bankman-Fried’s parents, accusing them of siphoning millions of dollars in company funds to enrich themselves and their “pet causes.”
The lawsuit aims to recover funds that the company claims were “fraudulently transferred and misappropriated” by Bankman-Fried’s parents.
Joe Bankman and Barbara Fried, both tenured Stanford law professors, either knew “or ignored bright red flags” that indicated their son and his business partners were “orchestrating a vast fraudulent scheme,” according to the lawsuit.
Attorneys representing Bankman and Fried issued a statement calling the lawsuit’s claims “completely false” and “a dangerous attempt to intimidate Joe and Barbara and undermine the jury process just days before their child’s trial begins.”
Neither Bankman nor Fried have been criminally charged with wrongdoing.
It's funny how it takes shining a light on the donations before Stanford takes any action.
Eh... from Stanford's perspective, it looks like donations from two of their tenured professors - they would have no particular reason to question the source of that money absent the FTX lawsuit (which itself I find amusing in a "why didn't you stop me criming?!?!?" way).
Posts
Now we just need to get Coffeezilla in front of those people.
They can only do so much. Like I watched a recent coffee video where he revisted a scammer he'd already called out because that person had hurt people after he'd already highlighted it.
pleasepaypreacher.net
I think it's partially because there is a not insignificant fraction of the population that would rather be scammed out of all their money than admit they were wrong.
Perhaps a similar mechanism that Romance Scammers exploit. The victim may realize something isn't quite right, but they want it to be true and prefer to disregard the evidence.
Maybe even similar to some religions. I remember decades ago before I learned to mind my business, I asked a very religious friend what evidence there was for life after death and he responded that, did I want to just be wormfood in the ground rather than a divine being with a soul?
Keeping straight what is true and what would be nice if it was true is not an automatic mindset.
For that farmer, the prospect of being able to pay his medical bills and keep his farm seemed too good to pass up... and unfortunately turned out to be too good to be true instead.
In fact I'm pretty certain it's baseline for being issued your "have been online some time in the last 15 years" card.
The real insanity is doing it on your phone, which I'm told is a thing in Japan. (But what do I know.)
Possibly using the app as an outliner since it was accessible and familiar. Sounds like there were other long form documents linked to by individual tweets.
Or, y’know, a hundred+ tweet string because you hate humanity on a base level and must express it.
Let me respond to this 1 of 2478
pleasepaypreacher.net
Or learning languages , I can do a hundred online practice quizzes in the time I could read an exercise in a book and write with pen and paper.
We do have far superior methods to learning from a book in my opinion.
Do not engage the Watermelons.
There's more books than just programming language syntax.
Why read a book when you can watch someone livestream losing themselves in an obsession to hunt down a vengeful whale? Or earn it's ire yourself?
Also the whole joyless “how could reading literature be useful? It won’t make me money!”
Which you know he's going to need something to do with his time. Maybe he'll take up reading
I'm not up to date on the subject, but last I heard, not everyone is a tactile learner. Just because you (and I) are doesn't mean it's the best method for everyone
Additionally if the end result of someone who only reads twitter and blog posts is "Whoopsies I ponzi'd everywhere!" maybe there is some value to books.
I was squinting to see how Bankman's words could have merit in a specific context.
Speaking of Bankman's words, per the New York Times,
"In another document leaked to Fong, Bankman-Fried writes of Ellison: “She continually avoided talking about risk management — dodging my suggestions — until it was too late. [...] Every time that I reached out with suggestions, it just made her feel worse. I’m sure that being exes didn’t help.”
I'm looking forward to see him try to use this defense in court.
Which, well.
Not exactly a great argument for its existence.
And even then, at SOME point you have to turn it into real money, or what the fuck just happened?
twitch.tv/Taramoor
@TaramoorPlays
Taramoor on Youtube
That's what ransomware is for. Demand that legitimate businessess pay you in cryptocurrency, and they'll need to put money into the system, part of which you can collectively use to cash out.
There's actual documented evidence that the LIBOR rate was periodically set by where people were in their coke habit.
Stanford has responded with a panicked return of funds.
Well, it depends - a fair amount of crypto on the black market probably just goes around in circulation as one person uses it to buy drugs from someone, who then uses it to purchase illicit pornography from some third guy, who then uses it to buy access to a locked website, etc. etc. etc.
Notably it's somewhat tricky to turn that type of crypto back into cash, since its record is irrevocably tainted by association with evil accounts and thus all the big "legitimate" crypto exchanges try to refuse access. But if all you care about is to keep paying in that closed ecosystem of illegal services... well, the digital money just goes around.
But this is one thing those "rapidly exchange some crypto between thousands of accounts" services do (or used to do): let you "clean" your dirty money, for a fee.
(...From what I understand the people who cash out and in for illegal purposes tend to use actual cash, for obvious reasons. You don't want a digital link between your real identity and your anonymous bitcoin ID anywhere.)
The title to the article says it all but I’d wish they’d say who was trying to apply that political pressure.
We saw how Fried tried to insulate himself from any kind of consequence by donating to both parties, pretty curious about similar donations here in the UK.
It's funny how it takes shining a light on the donations before Stanford takes any action.
The job description didn't mention crypto or anything and sounded pretty good with a good salary range.
Like 3 minutes after hitting submit I remembered what coinbase was.
I feel dirty now.
If they actually contact me for an interview I'm saying no.