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
(www.businessinsider.com)
from L4s@lemmy.world to technology@lemmy.world on 02 Oct 2023 20:00
https://lemmy.world/post/6180888
from L4s@lemmy.world to technology@lemmy.world on 02 Oct 2023 20:00
https://lemmy.world/post/6180888
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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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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Duh, how is he going to rebuild his crypto exchange without WiFi?
It’s just the headline, but people know you can get on the internet without Wi-Fi, right? Do people not know that? I hope people know that. People must definitely know that….
And if he was under house arrest, couldn’t he just buy internet service for the property? This whole thing is ridiculous.
Of course they know! internet comes from the wifi cable. The yellow one is usually quicker than the simple grey.
Ah damn, I always thought the wifi cable was the clear one. Next you’re gonna tell me the red cable doesn’t connect me to emergency services??
How about a nice cell in the middle of nowhere without cellphone and internet?
Solitary in a Faraday cage. Nice punishment.
Wifi != Internet.
Everyone knows what he really meant you pedantic doofus.
So you are just a jerk to me everyone you talk to on lemmy? This distinction being “pendantic” is why society is becoming tech illiterate.
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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.
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.
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.
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.