Here's a better journo calling out Lewis' shameless SBF peepeeriding
https://www.theatlantic.com/books/archive/2023/10/sam-bankman-fried-going-infinite-book-michael-lewis/675609
Archived in case of paywall:
https://archive.is/v38jt
!r-slurs and !bookworms I'll tag both because this book is bad enough to get ridiculed by both.
Choice Lewis Apologia
>Sam dindu nuffin!! He was just a wittle boy who was just misunderstood. All the evil Wall St bros just didn't let him win.
>They didn't have any polycule you guys. They just lived in close quarters.
>If FTX's assets were properly assessed, we would all find the missing amounts. I don't think any of them would ever lie.
>SBFs parents are just big mama and papa taking care of their wittle boy
>SBF is a super savant bro. You just don't get it. He fidgets with board games and plays Vidya during press conferences, wears cargo shorts and flip flops and wears a wrinkly suit when he meets big DC people. He's so humble!!
>When asked whether he'll go to Vegas, he says 60%. OMG! Did you see the nuance? He just sees the world in an absolute quantifiable way!! Woah!!
>"I don't feel anything. Emotions are a hindrance." Woah Sam is so intelligent. (I wonder how emotionless he would be if I broke his arm)
>Effective Altruism totally works bro. You just don't get it. Consider a doctor in Zambia working against malaria. He can only spend 10 months there because he has family to feed. Let's say there are 50 doctors like him. So in total they can spend 500 hours to fight malaria in Zambia. However if I become an billionaire by defrauding investors I can hire doctors who can spend 501 hour there. Therefore it is ethical for me to become a billionaire. Lewis says, no cap, it sounds good in theory.
Fricking BIPOC.
And many more.
Worst book of 2023 by far.
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Check out https://scottaaronson.blog?p=7605 though.
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I mean, I'm a mentally handicapped moron who spends my time posting on this terrible board and I've known that cryptocurrency was a scam since at least 2017 because magic internet money that always increases in value isn't a real thing that can exist. Is this MIT guy somehow more rslurred than me? Is he used to weird theoretical maths where uncountable infinities pop up all the time?
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It's good that central banks have instead enforced magic internet money that always decreases in value!
!nooticers
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This is the real economics pill.
All money is fricking imaginary. The only things in this world that have actual tangible value are guns and bullets.
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Goobments specifically make their money depreciate over time, so that you aren't tempted to "invest" into it by buying and hodling. 🤔🤔🤔
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This is why I only use currencies that I print myself, so that nobody can mess with them.
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How about food, dingus? You probably don't want to eat a bullet...
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People with guns shoot people with food
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I haven't trusted crypto since drug lords stopped backing bitcoin with cocaine
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Other people definitely noticed, but the right politician and journ*list palms were sufficiently greased that made too much noticing less profitable for them. Throw the right buzzwords out and the rest of the
that like to larp as part of the elite crowd ran to fall inline.
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Rationalists are all fricking r-slurred.
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I couldn't wrap my head around NFTs. I still can't.
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Its like trading certificates of authenticity for thise spock dinner plates you bought in the 90s
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Only the certs? No plates change hands?!? What would McCoy say!
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What a trip, so apparently ea people literally bought castles and this Scott guys is actually claiming that was more cost effective for holding meetings than just renting a conference room at a fricking hotel. Also https://www.thecrimson.com/article/2023/3/30/ea-scrut. Lol
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