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0 pointssmalldick3y ago0 comments

> The entire point of FTX, ultimately, is to take money from crypto traders and put it into Effective Altruism charities.

The entire point of FTX is to profit from the unregulated crypto markets by front-running his clients with the FTX-Alameda combo and pump (to bring in new cows to milk) and dumping (to crash the markets and buy sinking companies on fire sale) the markets; while waving the altruism flag.

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colinmhayes3y ago

I mean both can be true. SBF has perhaps been too gung ho with his EA donations, burning enormous piles of cash down some very deep rabbit holes. And he got that money by using his market maker to front run his own exchange.

EddySchauHai3y ago

I am partially involved with the EA community and know he does indeed donate, I don't believe it's just a case of waving an altruism flag but completely genuine efforts.

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0 pointssmalldick3y ago0 comments

> The entire point of FTX, ultimately, is to take money from crypto traders and put it into Effective Altruism charities.

0 comments

colinmhayes3y ago

EddySchauHai3y ago

I am partially involved with the EA community and know he does indeed donate, I don't believe it's just a case of waving an altruism flag but completely genuine efforts.

j / k navigate · click thread line to collapse