Sam Bankman-Fried: belief

Transcript context

…I'll try to. Basically, the setup that I have in mind is that certain eras tend to have a sort of Zeitgeist artist, someone who just understands the sensibilities of the modern-day in some way and can play with them productively to create businesses, to create art, to create value. Sam, after studying you for a long time in a strange way, were it not for a newsletter, it strikes me that you're probably one of the best Zeitgeist artists we have right now. You are incredibly attuned to pop culture in an interesting way, crypto in an interesting way, certainly the markets. I think it's part of the reason that you're uncommonly popular on Twitter. So it feels like a good chance to ask you, how would you define this current era we're in? If we try and step out of it by 100 years or 50 years, what will we say about today? I think the defining property of today probably is social media. I think it changed a lot of aspects of today. I think that investing has become quite different because of it. I think somewhat straightforward ways with the power to the people. I think that people's lives have been changed quite a bit by it. I think that news cycles have been sped up quite a bit by it. News cycles are no longer controlled by editorial cycles. It's tweet cycles now. That just iterates much more quickly. I think that you're seeing a lot of parallel worlds being spun off because you can split into different social media, for better or for worse. So I think all of those are pretty big changes. I think you look at memes, which have come to dominate, not just laughter, but finance, and presidential elections maybe. Again, for better or for worse, I think that defines the transitions that we're seeing today. Where in this cycle of this era do you think we are, Let’s call it the social media era. Are we towards the end or are we just at the beginning? Are we in the middle?…

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