[[As per your request for broader focus, I’ll summarize the arguments presented in the poem, as prose:
Sam’s name should be a helpful reminder that we keep, like Santa Claus, to sustain intellectual humility and due diligence, instead of falling in line behind visionary billionaires and get-rich-quick influencers.
The strategy admitted in an earlier interview was in fact a Ponzi scheme, and that has cost a lot of people money that they planned to have, which is an even bigger upset than just never having gotten it in the first place, because they spend other cash with the expectation of having this in reserve. So, Sam’s money was definitely not coming from a real source of value—it was belated theft. And, even if the siphoning of >$600M from FTX by a ‘hacker’ (known now to Kraken...) was NOT SBF himself, he was the one who installed the backdoor which allowed the siphon to happen, thus he is the cause.
The billionaire/valley mantra of failure, leaving catastrophe in its wake for the little guys, is replayed in WeWork and Nikola and all these others. Elon is currently destroying Twitter, and Zuck spewed cash and crew for the Metablurp. Oh, crap, I was humorous again! I’ll stop there...]]
[[As per your request for broader focus, I’ll summarize the arguments presented in the poem, as prose:
Sam’s name should be a helpful reminder that we keep, like Santa Claus, to sustain intellectual humility and due diligence, instead of falling in line behind visionary billionaires and get-rich-quick influencers.
The strategy admitted in an earlier interview was in fact a Ponzi scheme, and that has cost a lot of people money that they planned to have, which is an even bigger upset than just never having gotten it in the first place, because they spend other cash with the expectation of having this in reserve. So, Sam’s money was definitely not coming from a real source of value—it was belated theft. And, even if the siphoning of >$600M from FTX by a ‘hacker’ (known now to Kraken...) was NOT SBF himself, he was the one who installed the backdoor which allowed the siphon to happen, thus he is the cause.
The billionaire/valley mantra of failure, leaving catastrophe in its wake for the little guys, is replayed in WeWork and Nikola and all these others. Elon is currently destroying Twitter, and Zuck spewed cash and crew for the Metablurp. Oh, crap, I was humorous again! I’ll stop there...]]