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I think I’m still in a state of shock that the Twitter we once knew is actually gone for good…

….just found myself on there reading replies under a classic blue check mark I follow, mistakenly looking in the comments at other blue check marks as if something of worth might be found there….realize my mistake, then have a sense of “god I can’t wait till that’s fixed”…….only for the darkness to then consume me as I recall no fix is ever coming.


🎶 “hello darkness my old friend….” 🎶
 
if he is driving the site to crash spectacularly into the side of a mountain as it appears, it may wind up with new ownership eventually.

Some people speculated he will try to do this on purpose, but if not he still appears to be trying to do this not on purpose.
 
I think Caroline Ellison has likely sealed SBF’s fate with her testimony the last few days….and he’s going to be sentenced to something just short of forever.
 
I love most Michael Lewis books, and like him in pods & interviews….but man it is bonkers for him to have been right there at Sam Bankman-Fraud’s side for the fall of FTX, and come away from it, believing he wasn’t a complete huckster & fraud.

he’s tried to rationalize what SBF did by pointing out nearly all the money has been recovered….(because the market rebounded & many of the assets drove up on price, recapturing the money he embezzled & LOST gambling on other ventures)

Imagine trying to argue it’s okay that you stole $8 billion from your customers….because the $3.5b you didn’t steal & remained invested has surged in value to the tune of ~$4.5 billion in additional profit.

…..that also means if you hadn’t embezzled their money and lost it, it’s value could have risen to $26.29 billion on its own….so it’s even worse how bad you fucked them, 😆 🤦🏻‍♂️


Just a huge L for Lewis on this book & book tour imo….completely missed the real story.
 
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Been following the recaps of this trial every day, and it’s batshit that SBF didn’t plead guilty….the defense has put up virtually no argument of worth against the piles and piles of evidence against him.

Feeling more and more likely that SBF will take the stand, believing he can talk his way out of this….when it’s more likely to just make it even worse. Guy will prob get 100+ years in the can I think.

Basically used customer funds as his own piggy bank from day one, while taking all sorts of long gambles, that set him up for disaster if there was any kind of market crash……just has pathetic risk management for how much of a genius he’s supposed to be.
 
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