Who was Sam Bankman-Fried, aka SBF, and why should we pay attention to the former CEO of the previously third-largest centralized cryptocurrency exchange? Well, I can drop this little nugget right out in front. Here’s SBF’s response to a question by a journalist from the New York Times. “Andrew Ross Sorkin.”
“ARS: How concerned are you about criminal liability at this point?
SBF: So, I don't think that. I mean, obviously, I don't, I don't personally think that I have, you know – but I, I think the real answer is that it's not – sounds weird to say but, but – I think the real answer is that's not what I'm focusing on. It's – there's gonna be a time and a place for me to sort of think about myself and my own future, but I don't think this is it, like, right now. I mean, look, I've had a bad month. [Audience laughs.] This has not been a fun month for me. But that's not what matters here.”
Full transcript of the interview.
The interview goes on for quite a bit after this quote, and honestly, it’s tough to watch because of how dishonest SBF is. And frankly, how consistently avoidant he is of just telling the truth! He got caught with his hand in the cookie jar, and now his hand is stuck in the jar while people are questioning why his hand was in the cookie jar, to begin with. But all he has for a response is avoidance and self-deprecation of his moral and ethical failures instead of being brutally honest. He ‘wanted the cookie and didn’t think he would get caught.’
Let’s answer the initial question, though. Who is Sam Bankman-Fried (SBF)?
Here’s an excerpt from Sam-Bankman-Fried’s Bio.
”He’s coming to the eyes at the very early of his age 29 and makes his position with top billionaires in the world. Fried also compared with Mark Zuckerburg for his earlier success.”
He was a rising star. But just like Zuckerburg, he had selfish ambition and greed!
And much more. Those character traits eventually got the best of him. You could say his “Dark Side” ultimately got the better of him and was the catalyst for his downfall.
To understand this concept, we must bring up the brief synopsis for “Overcoming the Darkside of leadership.”
Overcoming the Dark Side of Leadership, by Gary L. McIntosh and Samuel D. Rima, is a book written to address the failures of leadership that arise from "the inner urges, compulsions, and dysfunctions of the personality that often go unexamined or remain unknown until an emotional explosion is experienced."
Dangers of the dark side:
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Compulsive leader: - self-righteous, legalistic environment - workaholism, burnout - urge to control -> alienation and rebellion of coworkers.
Narcissistic leader: - exploitation of people, use people for own ends - perhaps even unethical, illegal behavior.
Paranoid leader: - constant state of denial - acute distrust - “warfare” between parties. Codependent leader: - meets every other need while ignoring the own family and own needs - burnout, divorce, adulterous affairs, physical illness.
Passive-aggressive leader: - uncontrolled outbursts - erratic, strange behavior.
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Looking at his backstory, this was essentially his brief family history:
”Fried was born in Stanford, California. His mother is Barbara Fried, a lawyer, and his father is Joseph Bankman, also a lawyer. Both law professors are from Stanford Law School.”
Family bio
He was rumored to be the “Michael Jordan of crypto.” A real rising star in the crypto world. Or at least he was thought to be… turns out his wealth was in a house of cards. And, at best, highly fragile.
But is he really as stupid as he perpetrates himself to be? It’s genuinely not possible to be so terrible at your job as a CEO that you lose billions of people hard earned money… In many cases, their life savings! I mean, we’re talking about people that aren’t just celebrities… folks who worked their entire lives, scraped together money year after year, and were duped into investing their money in retirement purposes!
AND NOW… it’s gone, vanished! Those people aren’t going to see that money again!
I don’t care what he’s getting out of being a useful idiot with him and his rabble. He needs to be held accountable, if not solely for all those out there who lost their shirts because of misplaced trust.
Unfortunately, I don’t think we’ll see him held accountable for it by the regulators.
Because they are useful idiots and essentially the catalyst for processes and regulatory outcomes, and functions to further the elite’s overall Wishlist.
Here’s a look at his education:
"He studied at Crystal Springs Uplands School, one of the best schools in Hillsborough, California. He was good at math right from childhood and even got the opportunity to attend the Canada/USA Math camp, a summer program for mathematically talented students, while in high school."
Go figure. Speaking of math, his ex-girlfriend is quoted as saying, “she needed only ‘elementary grade math’ to run Alameda Research, FTX’s affiliated trading firm.
Mathematics graduate Caroline Ellison was the CEO of Alameda, which was backed by the collapsed cryptocurrency exchange FTX – being installed as the top boss after less than a year with the company, and just 18 months experience before that as a trader.”
All of this indicates that they aren’t, nor were they ever, the masterminds of the end game here.
However, they were “smart enough” to put on the best facades they possibly could and consume as many potential marks as necessary. After all, for this to work, the upper echelon had to make sure it was a “first-strike nosebleed.” and they certainly pulled that off through SBF, his co-conspirators, and his illegitimate company.
Here’s a helpful clip that discusses quite a bit on regulatory topics and insight into the fraudulent activities of said FTX and company.
I digress.
All of what’s currently happening with FTX is genuinely part of the overall plan. We look at things from a biblical perspective. How do you institute a world of only being capable of buying and selling through a designated “mark?” Well, we see the potential for writing on the wall. Look at the system of CBDCs. Look at what follows that system of economics; look at current implantable biometrics and the placement of where it goes in your body. Then you see the big picture of what is being researched currently and actively tested out in real-world simulations, as well as resources being thrown at it to test it out… I.e., “executive order 14067.”
With that, I bid you adieu!