Tuesday, November 15


Daily News Stuff 15 November 2022

Locking The Stable Door Edition

Top Story

  • Slowly at first, then all at once: How Sam Bankman-Fried's crypto empire collapsed. (The New York Times)
    FTX and Alameda were closely linked. Alameda traded heavily on the FTX platform, meaning it sometimes benefited when FTX’s other customers lost money, a dynamic that critics called a conflict of interest.
    No. A supporter would call it a conflict of interest. A critic would call it fraud.
    Mr. Bankman-Fried moved FTX to the Bahamas in 2021, drawn by a regulatory setup that allowed him to offer risky trading options that weren’t legal in the United States. On the exchange, investors could borrow money to make big bets on the future value of cryptocurrencies.
    Margin calls on the the radioactive decay of short-lived isotopes would be a better bet.
    Despite the billions that venture capital firms put into the company, FTX had none of those outside investors on its board.
    Can I have a billion dollars? I promise to return at least 90% of it. WHICH IS MORE THAN FUCKING ZERO WHICH IS ALL YOU IDIOTS DESERVE.

  • The entirely predictable collapse of FTX is prompting a long overdue and completely ineffective regulatory response. (CoinDesk)

    The article has a link to a podcast episode titled Sam Bankman-Fraud.

  • Crypto lender BlockFi says please don't ask for your money back. (Reuters)

    Your money is safe. In the Bahamas. Enjoying itself. Without you.

Tech News

Not Exactly Tech News But Not Entirely Not Tech News Either

  • So Pipkin Pippa, based rabbit vtuber and all-round chaos magnet, had a stream in which she created an entire imaginary vtuber agency using the NovelAI image generation tool - showing exactly the text prompts she used to get the results she wanted.  Helpful if you're new to NovelAI and kind of lost.

    Two days later all her creations had their own Twitter and YouTube accounts, a corporate presence, and a debut stream.

    Humanity had a good run, but now we've been replaced by AI vtubers created as a joke by a cartoon rabbit.

Disclaimer: Do you Pippas want Skynet? Because this is how you get Skynet.

Posted by: Pixy Misa at 06:35 PM | Comments (4) | Add Comment | Trackbacks (Suck)
Post contains 444 words, total size 4 kb.

1 Gotta love PayPal.  First they block you from using your account unless you surrender your cell phone info.  Then they start to take money from you for not using the account they locked you out of.

Posted by: StargazerA5 at Wednesday, November 16 2022 12:33 AM (tO+rb)

2 I'm not saying that I predicted pyapal would start doing bullshit like this 20 years ago, I'm just saying that it shocked me that it took those thieving little shits this long to actually start doing it out in the open.  If I can't walk down to the office of the business that made unauthorized withdrawals from my bank account and thwack some turd over the head with a galvanized steel pipe, I'm not doing business with them.  I mean, if there's no threat, there's nothing stopping them from trying, is there?

Posted by: normal at Wednesday, November 16 2022 01:27 AM (LADmw)

3 Just wanted to say, your comments on the news today were great!
And thanks for turning me on to Pippa. Her reactions in the episode where she's looking at real estate entries are just about my favorite youtube moments ever.

Posted by: furball321 at Wednesday, November 16 2022 12:44 PM (VZYxJ)

4 What could it possibly mean?

Posted by: normal at Wednesday, November 16 2022 01:55 PM (obo9H)

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Apple pies are delicious. But never mind apple pies. What colour is a green orange?

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