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submitted 7 months ago* (last edited 7 months ago) by Architeuthis@awful.systems to c/sneerclub@awful.systems

For thursday's sentencing the us government indicated they would be happy with a 40-50 prison sentence, and in the list of reasons they cite there's this gem:

  1. Bankman-Fried's effective altruism and own statements about risk suggest he would be likely to commit another fraud if he determined it had high enough "expected value". They point to Caroline Ellison's testimony in which she said that Bankman-Fried had expressed to her that he would "be happy to flip a coin, if it came up tails and the world was destroyed, as long as if it came up heads the world would be like more than twice as good". They also point to Bankman-Fried's "own 'calculations'" described in his sentencing memo, in which he says his life now has negative expected value. "Such a calculus will inevitably lead him to trying again," they write.

Turns out making it a point of pride that you have the morality of an anime villain does not endear you to prosecutors, who knew.

Bonus: SBF's lawyers' list of assertions for asking for a shorter sentence includes this hilarious bit reasoning:

They argue that Bankman-Fried would not reoffend, for reasons including that "he would sooner suffer than bring disrepute to any philanthropic movement."

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[-] RatBin@lemmy.world 10 points 7 months ago

He also brainstormed ideas to rehabilitate his image, including "Go on Tucker Carlsen [sic], come out as a republican", seek support from "random subgroups" including the alt-right or "some other displaced group", "come out as extremely pro crypto, pro freedom", embrace the narrative that "SBF died for our sins", condemn the bankruptcy lawyers, or applaud the bankruptcy lawyers.

This person...he's not fit to live in a normal society. He also planned to launche another crypto exchange after ftx. He's going to do that again and again...if they let him free (they won't)

[-] Collectivist@awful.systems 8 points 7 months ago

embrace the narrative that “SBF died for our sins”

Huh? This is so absurdly self-aggrandizing that I struggle to comprehend what he's even saying. What did he imagine "our sins" were, and how did getting imprisoned absolve them?

[-] RatBin@lemmy.world 5 points 7 months ago

That confused me as well. Is he having a crisis or an episode fueled by some religios ideas?

[-] jotaemei@awful.systems 3 points 7 months ago* (last edited 7 months ago)

I know nothing about this and have only seen some extremely obnoxious cryptobros on Twitter, but my guess of the narrative is that it would operate on SBF paving the way for them via doing crypto, where crypto is seen as rebellious against a rules-based, above board, banking order that’s trying to shut them out, keep them submissive and down, out of the game, etc.

this post was submitted on 27 Mar 2024
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Hurling ordure at the TREACLES, especially those closely related to LessWrong.

AI-Industrial-Complex grift is fine as long as it sufficiently relates to the AI doom from the TREACLES. (Though TechTakes may be more suitable.)

This is sneer club, not debate club. Unless it's amusing debate.

[Especially don't debate the race scientists, if any sneak in - we ban and delete them as unsuitable for the server.]

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