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Evidence receipt / belief

Published · transcript-backed

Sam Bankman-Fried: belief

15 Dec 2021 Acquired FTX (with Sam Bankman-Fried & Mario Gabriele)

“I think I tend to find some things more credible than other people do sometimes and tend to believe a little bit more.”

— Sam Bankman-Fried

Source trail

Everything needed to verify it.

Speaker
Sam Bankman-Fried
Attribution
Verified speaker
Claim type
belief
Recorded
15 Dec 2021
Publisher
Acquired

Transcript context

…Right. In theory, that actually goes away over time. The more apparent this opportunity becomes, the less money you can make. Whereas in this one, it scales beautifully. The more money you can make, the bigger you get. Totally. I think I tend to find some things more credible than other people do sometimes and tend to believe a little bit more. Things might be great even if it's not provable or something like that. But for whatever reason, that was the case. So it just was a more legible product, and it was, from that perspective, sort of a nice one. Sam, isn't it almost exactly around the same time as you guys announced your seed round that Arthur Hayes, CEO of Bitmex, which is I think the biggest player at that point is getting into real trouble with the CFTC. So if there's ever a sign that there is an opening here, it really seems to all be happening in mid to early July of 2019.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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