Sam Bankman-Fried: uncertainty

Transcript context

…Why do you think Ethereum is overrated? Yeah, this is a flagging for anyone who doesn’t know: I have strong opinions on this. My opinions are not the same as everyone else’s — take that for what you will. Basically, if you look at what would it take to have a global-scale blockchain that was replacing substantial fractions of the world’s infrastructure. If that’s where you start, you can just look at, “Well, okay, what scale would that have to be at?” Pick your favorite big thing — I don’t know — big internet thing. You could say Twitter or Facebook. You could say New York Stock Exchange or NASDAQ. Say Visa, say Google — I don’t know — Amazon. Whatever you say, how many things per second does it have to compute? Answering it varies some, but you’re generally going to hear answers that sound like a million, somewhere like 100,000 and 10 million, depending on which thing we’re thinking about, and it makes sense. If you have a billion users, for instance, which is the kind of thing you might expect of a gigantically successful internet thing — Sure.…

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