Unchained The Chopping Block: Michael Lewis Swindled, SBF’s Effective Altruism Ruse, Ethereum Protocol Enshrinement - Ep. 552
Oct 4, 2023
The hosts dive into the wild claims of Michael Lewis' new book about Sam Bankman-Fried, raising eyebrows over hypothetical $5 billion deals to keep Trump from running. They question the authenticity of SBF’s effective altruism and the chaotic responses of FTX executives during the collapse. A lively debate unfolds about the future of Ethereum and whether Lido poses centralization risks. Predictions swirl around the trial’s impact on SBF and the crypto industry, making for a compelling discussion that blends humor and serious analysis.
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SBF & Trump
- Sam Bankman-Fried considered paying Donald Trump $5 billion not to run for president.
- This was reportedly due to SBF’s belief that Trump posed a significant global risk.
Cost of Election
- $5 billion to prevent Trump's presidential run may be surprisingly low, considering the potential consequences.
- Haseeb Qureshi suggests a collective of wealthy individuals might readily contribute such a sum.
FTX Collapse
- Michael Lewis's book portrays FTX’s collapse as a bank run, which is misleading, as exchanges should be fully collateralized.
- During the collapse, FTX executives reportedly went to their parents’ homes instead of addressing the situation.
