Sam Bankman-Fried: prediction

Transcript context

…Sam, what were the things you were really intentional about as you realized, okay, we're going to build a company, an enduring institution here, an operating company with FTX? Because it seems like the crew that you got together for Alameda, it was like, there's this crazy opportunity, we have to exploit it, go, go go. We'll probably exploit more opportunities in the future. But now suddenly, you're realizing you're building a company that's going to become a key piece of infrastructure in this next paradigm. What did you have to be super intentional about? I think, maybe splitting this up into two things. One of which is internally, what did we have to be intentional about? Another is from a communication perspective. I think one thing also it traced down to is a long-term plan. The plan not just being, I don't know, we'll do the best thing at every point in time. Ask me in 10 seconds and I'll tell you what that is in 10 seconds. I can't tell you what that is now because the world might change, which is, honestly sometimes how we think about things, that the world does change and you have to adapt. But starting to think about, let's try and understand where this could be going, what we could do now to prepare for that, and how we can communicate that to our audience, to investors, to regulators, to users, to the company internally. I think that that's probably the single thing that we've gotten the most increasingly intentional about. One of the things that Ben pulled up was the analog to Bezos. It feels like there was also kind of a case of the Amazon AWS first best customer principle here where you were building this exchange and you also knew that Alameda could really benefit from having something like this in the ecosystem.…

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