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Intelligence Squared
Michael Lewis on The Rise and Fall of Sam Bankman-Fried, Part Two
Oct 30, 2023
31:58
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Michael Lewis interviews Sam Bankman-Fried, the enigmatic protagonist behind one of the most catastrophic financial meltdowns of the 21st century. Topics discussed include Sam's decision to establish his own crypto exchange, rubbing shoulders with celebrities at the Super Bowl party, the influence of altruism on his actions, missing money and purchasing a stake in Anthropic, FTX deposits and Alameda Research, and the power of writing and finding a unique voice.
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Quick takeaways
- The podcast highlights the rise of Sam Bankman-Fried and FTX, a crypto exchange that aimed to address flaws in existing platforms and quickly amassed billions of dollars.
- The episode explores Sam's eccentricities, including his indifference to material possessions and his unique approach to conversations, drawing parallels between his behavior and potential dystopian implications of artificial intelligence algorithms lacking nuance.
Deep dives
The Rise and Fall of FTX
The podcast episode explores the story of Sam Bankman Fried and his crypto exchange FTX. The episode discusses how FTX was created to address flaws in existing crypto exchanges and how it quickly grew to amass billions of dollars. It highlights various anecdotes, such as Sam's encounter with Anna Wintour at the height of his celebrity and his agreement to pay for the Met Gala without fully understanding the commitment. The episode also delves into the alleged fraud and missing customer deposits in FTX, shedding light on the mechanisms that led to the financial debacle. Furthermore, it explores Sam's philosophy of effective altruism and the implications of his actions for various stakeholders, including charities and organizations that were promised substantial donations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode