Sam Bankman-Fried: belief

Transcript context

…As you think ahead to future M&A—maybe this isn't a binary or dichotomy—do you think the play is expand beyond crypto and find new places for FTX to imbricate itself in users lives, or is it doubled down on these other crypto areas where we don't yet have a good base? Like NFTs is still too new for us, we should be finding a way to make a Blockfolio style move there, same for Web3 gaming, et cetera. Is it a yes and, or is there some sense of preference there? I think it's closer to a yes and. At least long-term, we really want to try hard not to cut off avenues that we think are going to be valuable. We'll have prioritization certainly, but we want to be pretty mindful of keeping the ultimate upside in mind. Thinking about the playbook that you've implemented to run FTX, of course, we've talked about some of these acquisitions, another one is a remarkable amount of transparency. Of course, you've got these great blog posts that describe all the volume that's happened over the course of the year, you're very public tweeting, you also gave Mario access to your entire data room so that he could write his pieces. What's the thinking behind this and why are you doing that when classically, no one in their right mind would do that?…

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