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
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.
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.