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Comment by eddsh1994 | Hacker News Reader

eddsh1994

I called it and saw many others call it too. Cause a run on FTX, get due diligence and say it’s F**ed, and get their user-base for free.

My concern is how much funding FTX and SBF in particular were giving to EA/AGI Safety research labs and charities. There’s going to be some significant knock on effects there when the money is no longer available.

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What user base? FTX is unable to process withdrawals right now (and who knows if they ever will be), so the money's gone meaning users won't simply migrate to Binance.

Basically any r/cc user who was in FTX and wants to invest part of their next paycheck?

As the saying goes "Fool me once ..."

Regardless of opinions it's a sizable user base! And, assuming there's another bull run at some point, it'll grow again.

That's a big assumption at this point.

Who do you think kickstart a bullrun ? SBF was a huge part of the last one...

I think the point of that saying is that when you get fooled a second time you have nobody to blame but yourself

There are plenty of users who get fooled again and again on shitcoin rug-pulls so I'm sure they will try again on Binance.

> My concern is how much funding FTX and SBF in particular were giving to EA/AGI Safety research labs and charities.

Did a malicious AI orchestrate this downfall?

This would not have happened unless Sam had gambled with customer deposits. Hard to blame CZ here.

I'm not blaming CZ! I'm thinking about knock-on effects from this due to SBF's donations being cut off

> AGI Safety research labs

If they are not part of a university, it is probably pretty sketchy anyhow.

They fund a huge number of serious initiatives in the space via EA funds - 9, maybe 10 figures.

Unfortunately it sounds as though it was never their money to give away.

Just because I have an EA fund with $1 doesnt make it ok to defraud and steal $10 from other people.

Who is serious? A lot of that spam is snake oil salesman.

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