Sam Bankman-Fried would readily choose a Brooklyn jail cell with internet access over a $39 million Bahamas penthouse that doesn't have Wi-Fi, author of FTX book says
Sam Bankman-Fried would readily choose a Brooklyn jail cell with internet access over a $39 million Bahamas penthouse that doesn't have Wi-Fi, author of FTX book says
"Now that sounds crazy, but I do think that if he had the internet, he could survive jail forever," author Michael Lewis said of Sam Bankman-Fried.
Sam Bankman-Fried would readily choose a Brooklyn jail cell with internet access over a $39 million Bahamas penthouse that doesn't have Wi-Fi, author of FTX book says::"Now that sounds crazy, but I do think that if he had the internet, he could survive jail forever," author Michael Lewis said of Sam Bankman-Fried.
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Without constant sources of distraction -- I'll have to come to terms with the consequences of my actions and experience guilt
Figured I'd interpret for everyone here.
He’ll adjust. The brain does get adapted to constant input but it’s not necessarily a permanent thing. I guess that’s easy for me to say, as I was out of college before the internet even arrived, and in my 30s when smartphones and social media came about. Who knows about kids raised on this shit.
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Everyone knows what he really meant you pedantic doofus.
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How about a nice cell in the middle of nowhere without cellphone and internet?
Solitary in a Faraday cage. Nice punishment.
Well, I'm the first to admit that having to live years without internet, though probably good for my mental health, would still be quite undesireable and I'd be willing to trade a lot for that luxury.
It’s seems he’s been living two lives. In one he’s Sam Bankman Fried, a disgraced tech prodigy who’s going to spend a lot of time in jail. The other life is lived in computers where he goes by the hacker alias SBF and is guilty of every financial crime we have a law for. One of these lives has no future and the other….
Wait, they’re the same life.
Duh, how is he going to rebuild his crypto exchange without WiFi?
I don’t believe either offer is on the table. But the good news is that the prison economy is healthier than the crypto one in so many ways: regular security audits, very few rug pulls, and unlike cryptocurrencies, you can eat Ramen noodles.
This is the best summary I could come up with:
Michael Lewis shared his views on Bankman-Fried during an interview on "60 Minutes," which aired on Sunday.
Lewis's book on the rise and fall of the now-bankrupt cryptocurrency exchange, "Going Infinite," is set to be published on Tuesday.
Lewis told "60 Minutes" that Bankman-Fried's greatest fear about going to prison would be losing his internet access.
Without having a constant stream of information to react to — I think he may go mad," said Lewis, who has penned books on finance such as "The Big Short" and "Flash Boys."
Bankman-Fried was charged in December 2022 with illegally funneling millions of dollars from FTX customer funds into his trading firm, Alameda.
The embattled crypto entrepreneur is scheduled to go on trial on Tuesday, where he will face seven criminal charges ranging from securities fraud to money laundering.
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