Sam Bankman-Fried: commitment

Transcript context

…Because you're going to be back? Right. When's the next time I'm going to wear it, probably DC? Thinking about this, for me, this is a limited-time opportunity, potentially. What is the fastest way to get something compelling here? If you look at the US crypto ecosystem, the product that is relatively clean, at least today to get off the ground, is a spot bitcoin, USD, or Ripple. The thing about that is that it's clean, but it's not super compelling as a product. A lot of people have that product. Innovation is harder with it because just the core product is what it is to a greater extent. A lot of it is customer acquisition, which was our weakest point. We're coming from zero on that side. So that was not the most compelling thing to start with. If you want to build something more, if you want to build the products that there is really demand for and where most of the volume was trading at this point, those were the derivatives. It's a really long process to launch those in the United States. It takes probably five years from the start. What's the opportunity? The opportunity is elsewhere to start, at least it was, as of when we started. We started by not servicing Americans because it just had a really long regulatory regime. So you lived in San Francisco and then at some point you didn't. Did you have to move to launch that product? Did everyone else have to move? How did that work?…

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