into’d via fb share.. then googled and found this 7 min video (linked to image above where he’s saying wants to give it away) – The Richest Person Under 30 In The World Wants To Give His Fortune Away | Forbes – [https://www.youtube.com/watch?v=wo-nJi36biQ]:
22.5 billion.. raised via bitcoin.. noteable for getting so rich so quick..
2 min – s: first started looking into crypto.. had a lot of interest but not good liquidity.. to increase efficiency.. needed better infra
yeah.. ie: as infra
let’s try a structure that legit is for everyone.. what we need to do for that is org around legit needs
3 min – raising all this money for effective altruism.. objective ways to do most good w money.. he’s chosen to be an earn to giver.. earn as much as he can to give away and have most impact
4 min – s: in the end.. my goal is to do as much good as i can do for the world.. mostly what i think about is .. what role should i be playing here.. people i have most respect for are people who are really taking charge of some of these initiatives to combat these problems we are facing as a society.. but another way one has impact is by finding a way to fund some of these causes..
5 min – so that’s what i’ve been doing.. trying to max the amount i donate to some of the most effective causes.. you know i’d certainly like to be spending more time thinking about directly about what these projects can be working on .. but right now.. there are a lot of really impressive people doing that.. *i wish there were way more
*go that deep man..
**maybe there are.. we just can’t hear them.. no?
what we need is a means to undo our hierarchical listening.. so that we can org/infra ourselves around legit needs.. ie: a nother way
my main role right now is to do what i can do to help support them.. financially or any other way that i can
6 min – his self appointed job is to make as much as possible.. that means he has very little say in where the money goes
6 min – peter singer – father of altruistic movements.. hard to decide when to stop making the money and switch to deciding where it should go
7 min – sam only has about 200 000 in his banking acct.. remarkably cash poor.. at some point he’s going have to wonder if it makes sense for him to give away the money or if he’s happy to keep trying to earn as much as possible and give it to trusted 3rd parties/partners.. to give it away..
rat race.. we could stop it all now
if only we could hear deeper
Sam Bankman-Fried threw around millions as he sought aggressive pro-crypto regulatory changes — now his firm is bust.
@andrewperezdc, @matthewccook5 & @RebeccaJBurns_ detail crypto guru and Democratic mega-donor Sam Bankman-Fried’s rapid fall.
Original Tweet: https://twitter.com/LeverNews/status/1591240540892585984
Sam Bankman-Fried (born March 6, 1992) is the founder and CEO of FTX, a cryptocurrency exchange. He also manages assets through Alameda Research, a quantitative cryptocurrency trading firm he founded in October 2017
Bankman-Fried was born in 1992 in Stanford, California, the son of Barbara Fried and Joseph Bankman, both law professors from Stanford Law School. When he was about 14 years old, his mother noticed that he had spontaneously developed an interest in utilitarianism. Later, he attended Canada/USA Mathcamp.
From 2010 to 2014, Bankman-Fried attended Massachusetts Institute of Technology. There, he lived in a coeducational group house called Epsilon Theta. In 2012, he blogged about utilitarianism, baseball, and politics. In 2014, he graduated with a degree in physics.
Bankman-Fried is a supporter of effective altruism and pursues earning to give as an altruistic career. He is a member of Giving What We Can and plans to donate the great majority of his wealth to effective charities over the course of his life.
His company FTX has a policy of donating 1% of its revenue to charity. He was one of the largest CEO donors to Joe Biden in the 2020 election cycle, personally donating $5.2 million, second to only Michael Bloomberg.
Bankman-Fried is a vegan. He shares an apartment with roommates and rarely goes on vacation.