Incredible that the most complete and internally consistent account of what happened at FTX/Alameda to date is not the NYT or WSJ or the FT but the blog “milky eggs dot com” written by user “fbi femboy” https://t.co/vCDTBCSMPg— cephalopod_v7_no_ftx_final_2.xlsx (@macrocephalopod) November 15, 2022
Similarly, FTX acquired naming rights to the e-sports organization TSM for a stunning $210 millionーfar out of line with comparable deals in the e-sports industry.
It's harder than it seems! I tried post-Snowden and only got close once or twice, once with Mark Cuban weirdly.
Instead FTX gets to piss away 15$B, probably much more. When for just a couple measly million (+legal support) we could have centralized file storage and sharing which, for various reasons that make this an unfortunately difficult pitch, is unable to remove data they're (probably) hosting while being immune to prosecution in most every Western nation, with some even needing constitutional amendments to ban or harass it (and yes all the insider attack/court-ordered/feds with access to the actual hardware running things stuff is accounted for, again unfortunately nothing about this is succinct).
The plan was to supplant both the need and hopefully market for VPNs and gain legitimacy to become a less fraught... Internet Archive, of sorts... But 2000 different variations of the same one-way ledger distributed database each having unique environmental catastrophes are definitely needed and most importantly safe, definitely pump billions into more of those.
Whats funny is that the e-sports org TSM is also famous for squandering their money on signing extremely washed up players and paying a premium for it. In particular last year, they signed one of the best players in the world for a 2 year contract worth $ 6 million, which was apparently frontloaded enough that when said player left after 1 year, he had already gotten paid 4,5 million. The player who was supposed to be one of the best, was a Taiwanese support player, who was mostly famous for his ability to control the game via calls to his teammates. These calls were mostly made in Mandarin, as his last team had been Chinese. Turns out that making extrmely high pressure decicions is extremely hard when you aren't 1000% confident in the language you're using, and the team ended up falling flat.
:miyazaki-laugh:
deleted by creator
It's harder than it seems! I tried post-Snowden and only got close once or twice, once with Mark Cuban weirdly.
Instead FTX gets to piss away 15$B, probably much more. When for just a couple measly million (+legal support) we could have centralized file storage and sharing which, for various reasons that make this an unfortunately difficult pitch, is unable to remove data they're (probably) hosting while being immune to prosecution in most every Western nation, with some even needing constitutional amendments to ban or harass it (and yes all the insider attack/court-ordered/feds with access to the actual hardware running things stuff is accounted for, again unfortunately nothing about this is succinct).
The plan was to supplant both the need and hopefully market for VPNs and gain legitimacy to become a less fraught... Internet Archive, of sorts... But 2000 different variations of the same one-way ledger distributed database each having unique environmental catastrophes are definitely needed and most importantly safe, definitely pump billions into more of those.
Whats funny is that the e-sports org TSM is also famous for squandering their money on signing extremely washed up players and paying a premium for it. In particular last year, they signed one of the best players in the world for a 2 year contract worth $ 6 million, which was apparently frontloaded enough that when said player left after 1 year, he had already gotten paid 4,5 million. The player who was supposed to be one of the best, was a Taiwanese support player, who was mostly famous for his ability to control the game via calls to his teammates. These calls were mostly made in Mandarin, as his last team had been Chinese. Turns out that making extrmely high pressure decicions is extremely hard when you aren't 1000% confident in the language you're using, and the team ended up falling flat.