For a time, everyone loved Sam Bankman-Fried. Everyone kept insisting he was off-the-charts brilliant, the entrepreneur who would create the future.
There comes a moment in the development of a new technology when the hype is so common it passes for common sense. Lawyers, accountants and regulators are nowhere to be found. Investors insist entrepreneurs take their money. The world trembles on the brink of change.
“I am, and for most of my adult life have been, sad.” That plaintive statement appears at the end of testimony Bankman-Fried had hoped to give Congress last winter before his arrest scuttled his plans. He was onto something.In photographs from his heyday, Bankman-Fried always looked awkward, embarrassed and as if he would rather be playing a video game, even when Gisele Bündchen had an arm around him.
“After my interview with SBF, I was convinced: I was talking to a future trillionaire,” Fisher wrote. He added: “The FTX competitive advantage? Ethical behaviour.” He calculated the odds on everything — he thought there was a five per cent chance that he would become president of the United States. He figured he would help humanity by making a fortune and then giving it all away, a. The details didn’t matter. As a fawning Forbes profile put it in 2021: “He’s a mercenary, dedicated to making as much money as possible solely so that he can give it away .”
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