Sam Bankman-Fried: belief

Transcript context

…Which honestly, in some ways, feels like almost a fairly singular or unique stance in many respects. There are the more US-centric exchanges, which I would say, have maybe moved a little bit more slowly, but have been super cautious about regulation. Then there are maybe more foreign-focused exchanges that move super, super fast, and are basically like, listen, we're not going to sweat this too hard. Whereas, I think you guys have really managed to thread the needle by saying, we're going to innovate, we're going to push new products forward, but we're also here to push the regulatory side of things forward as well. Yesterday was obviously an example of that too. I think that's right. I think that in the end, our sense of this is this isn't, you can choose to be compliant or you can choose to be functional, and you have to choose which company you're launching. I think the way we think about it is in the same way that you can make informed reasonable decisions on one front, you can make informed reasonable decisions on another front. We will come back to some of this in our analysis section, but just to finish out the growth of the company and bring us to today, now, one of the ways that you're acquiring customers is by owning naming rights to arenas, patches on major league baseball umpires, and celebrity commercials. I imagine when you launched in January 2019, that wasn't the strategy. So how did you get your early customers? You've been pretty much explosive growth from the get-go, if my understanding is correct.…

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