3264

On the other side of the, uh, geez. Coin.

3265

So what does that actually mean?

3266

One of the problems of ‘effective altruism’ is that adherents can justify alot of terrible day-to-day behaviour in the belief that they are serving a greater end by donating a sizable proportion of their ever growing paychecks.

At least his stated intentions are good.

3267

Oh do!

3268

I’m generally okay with the Effective Altruism. At least the main idea is just like, convince people to commit to donating X percent of their income, no matter how much their income increases in the future. Instead of convincing them to volunteer to work personally in a charity or something. It’s a practical goal, something people seem to actually be able to commit to.

Clearly a dude running a Ponzi scheme is still a net harm to the world, and donating shouldn’t be used like a Papal indulgence. I guess I’m sort of unclear on this billionaire in particular and if he’s into that category or not. Haven’t really followed the crypto space.

3269
3270

LOL, so close to getting it, yeah…

3271

Yeah, that’s not a Ponzi scheme. That’s a pump and dump scheme. Totally different scams.

3272

Look, you are incorrect about the type of scam I got fucked over by!

I am very intelligent

3273

People should not be able to run confidence schemes disguised as investment opportunities. On the other hand, if you invest everything in an investment scheme that guarantees a 9% rate of interest, you kind of have a beating coming to you.

3274

I have about as much sympathy for cryptobros losing their money as I do anti-maskers/vaxxers getting COVID.

3275

That’s pure greed right there. He had plenty of money and decided it wasn’t enough. Might as well have gone to the casino and put it all on roulette table.

3276

Yeah, confidence schemes only work when the mark is greedy.

3277

There’s a saying… You can’t con an honest man.

3278

There are many old people being conned everyday who would disagree with that saying.

3279

Agreed. Honesty is little protection from the foolishness of old age.

The sad thing about these scammers is they can blast out tens of thousands of emails and I guess now text messages. Just hooking one or two foolish people a day and they make some nice money. I wouldn’t be surprised if there are crypto emails going out in bulk these days.

3280

Is nothing sacred to these crypto-scammers!?

3281

I mean, Rowan Atkinson approved the Mr. Bean NFTs.

Since God is dead and we have killed him, Yahoo Finance reports Mr Bean NFT “holders will also have access to phygital rewards.” I was also confused by this term, but in this instance, it means you’ll get “redeemables including a signed, unpublished hand-drawn still of Mr Bean from the first animated series.”

3282

That 30 year old crypto is weirdly honest and transparent just like agreeing that defi might mostly be Ponzi scheme.

https://www.bloomberg.com/news/articles/2022-04-25/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned

Wild

3283

This is funny.