Evidence receipt / belief
Published · transcript-backedSam Bankman-Fried: belief
15 Dec 2021 Acquired FTX (with Sam Bankman-Fried & Mario Gabriele)
“I more feel like it probably is. I think that's the right prior to have about it.”
Source trail
Everything needed to verify it.
- Speaker
- Sam Bankman-Fried
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 15 Dec 2021
- Publisher
- Acquired
Transcript context
…Is there one way to look at it? The number of market participants in markets that matter has grown exponentially and is growing exponentially. That feels to me like one of the hallmark characteristics of the social media era. It used to be. Your career, there's Jane Street, there's a handful of other massive firms that make profits by trading in traditional markets. Then you said yourself, we were talking about who the power users are in crypto, and you're like, yeah, at some institutions, but that's a lot of people too. That's different. That feels like value creative to me. I think it probably is. I don't feel like it starts to like, oh, yeah, value accretion right there, here's how we can define it. I think it should be. I have a fairly strong prior that it is, but I see that again without wanting to express total confidence in that, if that makes sense. I more feel like it probably is. I think that's the right prior to have about it. So I'd be with a tentative yes or something like that, if that makes sense. That's great. Sam, thank you so much for joining us today. We've got a bunch of smart people out there listening who might want to work at FTX, they might want to trade some crypto. What should you direct folks towards?…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.