Crypto Investments

[abbey1227]

Forbes.com

Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter and taking big risks. She is also one of the supporting players in Sam Bankman-Fried's FTX catastrophe — and a new darling of the alt-right. on.forbes.com/6182MFQJ2

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comments:

J C
This, ladies and gentlemen, is how the media pivots to protect an obvious con because of their political connections by throwing everyone else under the bus.
Also, alt-right darling... You're joking, right?



G L
Lol. Forbes big mad. So bias it is ridiculous. 🤦‍♂️



P V
This is all narrative control by legacy media to distract from the fact that SBF/FTX was basically the finance division of the Democratic Party.



B B
Wow the biggest bait and switch headline I’ve ever seen from the corrupt media



C B
For a revealing look at what Ellison is really like, go take a look at some of her interviews. She shouldn’t have been ceo of a popsicle stand, let alone a massive crypto platform.



A L
The only reason the alt-right would like her is because she helps demonstrate how corrupt the typical DNC donor is.



J L
“Darling of the alt-right”? The spin on this is so bad I got whiplash just reading it.



J K
Some hack at Forbes to whoever is asking the favor: "We'll do everything we can to rehabilitate her image. But if it doesn't work, we're just going to have to make people associate her with like, January 6th or something."



C C
Nice satire piece Forbes! Case in point, FTS funneled millions of $ to the Dems! I guess it’s ultra MAGA fault again or those Ruskies

[Prometheus]

Maybe they should have read the article instead of jerking their knees. It explains quite well who Ellison is and how she is connected to the "alt-right."

In fact, her political "guru," Curtis Yarvin sounds like the source for a lot of Abbey's ravings... probably after first traveling through the colon of Tan Cocks Ruler (another Yarvin disciple).

[abbey1227]

Business Insider
Caroline Ellison, one of the central figures behind FTX's collapse, previously tweeted that regularly using amphetamines made the 'non-medicated' life seem 'dumb'
Jordan Hart
Sat, November 19, 2022 at 12:25 PM



FTX-linked Caroline Ellison's past tweets about 'regular amphetamine use' have resurfaced online.

Ellison is the CEO of Alameda Research, the hedge fund FTX reportedly used to borrow money for bets.

Amphetamines are often prescribed to treat ADHD.

[Stay ahead of the market]

Old drug-related tweets posted by Caroline Ellison — the 28-year-old CEO of Alameda Research, the hedge fund linked to the downfall of FTX — are resurfacing as the cryptocurrency industry crumbles.

In a 2021 tweet posted by Ellison, who is also the reported ex-girlfriend of FTX's disgraced founder, Sam Bankman-Fried, references regularly using amphetamines and how "dumb" the "non-medicated human experience" can be.
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comment:

1 day ago

I've managed colleges many years. All the visitors say "aren't the young people exciting, with their new ideas?" No actually. Most of the ideas I've heard are simply an offshoot of something that exists currently. Or it's so pie in the sky, it'll be 3030 before the tech is there to support them. These kids are a trainwreck, and the people who invested are just like those people who visited the colleges - full of wishful thinking. Just look at her, she's no CEO, not ever, not again, she's a kid who thinks she is smarter than the rest. She isn't.

[abbey1227]

'Investment' indeed


INSIDER
FTX founder Sam Bankman-Fried donated $40 million to political campaigns leading into the midterms, leaving some concerned about crypto's place in Washington, report says
Bethany Biron
Sun, November 20, 2022 at 3:04 PM
Sam Bankman-Fried.FTX

Sam Bankman-Fried and FTX execs donated a total of $70 million to political campaigns in 18 months, according to OpenSecrets.

Bankman-Fried himself donated $40 million to mostly liberal efforts, while fellow exec Ryan Salame gave $23 million primarily to Republicans.

Critics are now scrutinizing the role of cryptocurrency in politics after FTX's dramatic demise.

FTX founder Sam Bankman-Fried and fellow company executives donated more than $70 million to political campaigns ahead of the 2022 midterm elections, according to OpenSecrets data.

Bankman-Fried himself donated nearly $40 million to Democratic candidates and political action committees, according to OpenSecrets, a nonpartisan organization that tracks campaign spending in US politics. He was the second highest donor for liberal efforts behind George Soros and the sixth highest donor overall.

www.yahoo.com/news/ftx-founder-sam-bankman-fried-210458456.html

[merh]

Retirement Association.

"It's a big leap for a pension fiduciary to speculate in crypto assets and it's close to impossible to find investment analysis that ties crypto company financials to anything in the real economy," said Mr. Sexauer, who has steered clear of all crypto-related investments, in an email. "We are sticking with real assets connected to the real economy where the earnings, cash flows, and assets grow with global economic growth."


Of FTX's collapse and subsequent Chapter 11 bankruptcy filing, Mr. Sexauer added: "It's amazing what hubris and arrogance can accomplish with other people's money, especially when the money is thrown at them.''

Fairfax County's Mr. Spellar, for his part, is comfortable with his crypto-related investments, which include six different investments totaling $85 million, mostly through venture-capital vehicles with expected life cycles of 10 to 12 years. "Our underlying investment thesis — that the innovation around blockchain technology is a high growth area going forward —has not changed," he said.

And Mr. Singh said he's not trimming or adding to his current crypto portfolio, which consists of a $25 million investment in bitcoin and ethereum. "Given our small exposure, we are well positioned to tolerate this increased volatility due to contagion," he said.

[Prometheus]

Look at Abbey scramble to make any failure of "big business" into a "the libs are the cause" debacle: The FTX people can't be alt-right since they donated to stop baby seals from going to clubs to save the whale-hugging trees! Waaah!

[merh]

Nov 23, 2022 3:08:09 GMT Prometheus said:

Look at Abbey scramble to make any failure of "big business" into a "the libs are the cause" debacle: The FTX people can't be alt-right since they donated to stop baby seals from going to clubs to save the whale-hugging trees! Waaah!

Remember those hipster eugenicists?

She also weighed in on the stunning implosion of Sam Bankman-Fried's crypto exchange FTX, which represented one of the largest financial hubs for the effective-altruism movement. The Collinses, who never directly associated with the top Democratic donor Bankman-Fried, spied an opportunity in his demise.

"This means our faction (more conservative, pronatalist, long-termist-civilization-building-focused, likely to self fund) is now 100X more likely to become a real, dominant faction in the EA space," Simone wrote in a text message on November 12.

The Collinses hope that advances in technology will keep pace with their growing family. The reproductive entrepreneurs who spoke with me seemed confident that the science would progress quickly. "I think we are reaching a point in which we are reinventing reproduction," Varsavsky said.

If scientists at companies like Conception succeed in creating viable embryos out of stem cells, they could in theory produce a massive number of them. Combined with enhanced genetic screening, parents could pick the "optimal" baby from a much larger pool. "There's a seductiveness to these ideas, because it's very grand," Torres said. "It's about taking control of human evolution."

As for Simone and Malcolm Collins, Malcolm said, "We're trying to give our kids the best shot in life." They just happen to believe that their kids' best shot is also humanity's.

businessinsider.com/pronatalism-elon-musk-simone-malcolm-collins-underpopulation-breeding-tech-2022-11

The Collinses themselves have been called "hipster eugenicists" online, something Simone called "amazing" when I brought it to her attention.

[abbey1227]

Nov 23, 2022 7:17:11 GMT merh said:

businessinsider.com/pronatalism-elon-musk-simone-malcolm-collins-underpopulation-breeding-tech-2022-11

The Collinses themselves have been called "hipster eugenicists" online, something Simone called "amazing" when I brought it to her attention.

Once they colonize space, you just know it'll only be certain people allowed to go   

[merh]

Nov 23, 2022 8:33:54 GMT abbey1227 said:

Nov 23, 2022 7:17:11 GMT merh said:

businessinsider.com/pronatalism-elon-musk-simone-malcolm-collins-underpopulation-breeding-tech-2022-11

Once they colonize space, you just know it'll only be certain people allowed to go   

They will always need people to grow the poop potatoes.

You need to watch more Anime. 
That whole colonize space is a common plot.

Saber Marionette was the only female on the ship didn't make it so the men clone their young & built female robots.

The prologue of Saber Marionette J is set sometime into the 22nd century,[9] when Earth's population has grown to such a magnitude that humanity cannot feasibly continue without colonizing space. The initial stages of the project make a promising effort of moving civilization into orbit, however it is during travel to a planet name Terra II that a transport vessel, the Mesopotamia, experiences a catastrophic fate, destroying all but a lone escape pod of people who plunge to the surface below. Of the handful of survivors however, only six males survive the crash, a ratio that both cripples their manpower and leaves them unable to reproduce.

Marooned and without communication, the men turn to genetic engineering as a method to produce clones of themselves, enough to populate the planet and sustain habitation. The effort is critically fruitful, and over a course of three centuries, each of the survivors and their successors establish individual settlements in the form of six city-states.

In spite of the remarkable success however, notwithstanding even advancements in technology, Terra II remains uninhabited by women. An effort to substitute this absence is made with the manufacture of feminine androids name marionettes; creations that, while they serve their purpose, operate without sapience, emotion, or free will.

Elon is making robots so maybe that's his goal.
Then no poors need come along

[merh]

Meanwhile...

Nick Ayers, who previously served as chief of staff to former Vice President Mike Pence and helped advise the failed election-denialist primary challenge by former Georgia Sen. David Perdue against Gov. Brian Kemp, founded the bank, GloriFi, in large part with money from former Georgia Sen. Kelly Loeffler and endorsements from pundits like Candace Owens.

TEXT:

Less than three months after its public debut, the “anti-woke” banking startup GloriFi is canceling itself.



The company has laid off employees and informed them the end is nigh, via an email from Chief Marketing Officer Cathy Landtrop obtained by the Wall Street Journal. Landroop cited “financial challenges related to startup mistakes, the failing economy, reputational attacks, and multiple negative stories,” as reasons for the downfall.

The Journal reports the company’s fate was sealed Friday when a funding arrangement fell through.



Pitching itself as a financial institution that allowed one to be “free to celebrate your love of God and country without fear of cancellation,” GloriFi’s marketing read more like a campaign ad than an enticing APR offer on a new credit card. Highlights from the “about us” page include: “OUR BILL OF RIGHTS IS NON-NEGOTIABLE” and “WE ARE ONE NATION UNDER GOD.”



In its short tenure GloriFi, managed to launch checking and savings accounts as well as credit cards, with plans to offer mortgages and insurance in a future that will no longer take place. Founder and CEO Toby Neugebauer pitched plans to offer gun owners discounts on home insurance, credit cards made of shell casing material, and assistance paying legal bills if customers shot someone in self-defense. Over the summer, GloriFi secured conservative commentator Candace Owens as a co-founder and spokesperson for the brand.



In October, the Wall Street Journal detailed the tumultuous beginning of the startup that led to its swift collapse. Neugebauer and business partner Nick Ayers, former chief of staff to Vice President Mike Pence, managed to secure an imposing roster of financial backers for their Texas-Based company. Enticing investors like conservative billionaire Peter Thiel, former Georgia Republican Sen. Kelly Loeffler, Vivek Ramaswamy, and Citadel founder Ken Griffin with promises of a market chalk full of “plumbers, electricians and police officers,” who “are fed up with big banks that don’t share their values.”



But GloriFi was unable to translate ideological grandstanding into functional corporate management. Even before its public launch, the startup was plagued by reports of chaos amongst staff and financiers. GloriFi missed its planned launch date several times, at one point due to clashes with Texas financial regulators. Reports emerged of unpaid invoices and erratic behavior from Neugebauer, who had converted his home Dallas mansion into the company’s main office.



According to the Journal, the company was eventually forced to hire a law firm to investigate workplace issues, particularly around Neugebauer. In one memo reviewed by the Journal, GloriFi’s former Head of Human Resources Britt Amos described several employees at Neugebaur’s mansion telling him to “make sure I leave around six,” and explaining that “after 5 p.m. Toby starts drinking and things at the house deteriorate quickly.” Amos also described a meeting where a visibly drunk Neugebauer was “drinking Red Bull and putting alcohol in it.”

www.rollingstone.com/politics/politics-news/anti-woke-bank-glorifi-shuts-down-1234634682/

[abbey1227]

Nov 23, 2022 18:34:02 GMT merh said:

Nov 23, 2022 8:33:54 GMT abbey1227 said:

Once they colonize space, you just know it'll only be certain people allowed to go   

They will always need people to grow the poop potatoes.

You need to watch more Anime. 
That whole colonize space is a common plot.

Saber Marionette was the only female on the ship didn't make it so the men clone their young & built female robots.

Elon is making robots so maybe that's his goal.
Then no poors need come along

Do you really think the wealthiest elite are going to suffer unions and hordes of the forever complaining poor once robots are perfected?

[merh]

[/a][/quote]

[abbey1227]

Dec 2, 2022 20:38:43 GMT merh said:

So for a dope, he was savvy enough business-wise to cover his bases and bribe BOTH sides?

Now let's see the MSM do exactly what he said they'd do

[merh]

Dec 3, 2022 2:21:32 GMT abbey1227 said:

Dec 2, 2022 20:38:43 GMT merh said:

So for a dope, he was savvy enough business-wise to cover his bases and bribe BOTH sides?

Now let's see the MSM do exactly what he said they'd do

Aw.
Didn't you join in?

FTX billionaire Sam Bankman-Fried funneled dark money to Republicans
The crypto entrepreneur was thought to be a big donor to Democrats but now acknowledges he gave equally to GOP

Bankman-Fried said most of his donations to Republicans were not publicly disclosed.
Dominic Rushe@dominicru
Wed 30 Nov 2022 12.20 EST
The fall of crypto billionaire Sam Bankman-Fried has been painted as a big blow to the Democratic party, whose candidates were major beneficiaries of his largesse. But in a new interview, Bankman-Fried has claimed he gave equally large amounts of money to Republicans.

“I donated to both parties. I donated about the same amount to both parties,” Bankman-Fried told the crypto commentator and citizen journalist Tiffany Fong.

“All my Republican donations were dark,” he said, referring to political donations that are not publicly disclosed. “The reason was not for regulatory reasons, it’s because reporters freak the fuck out if you donate to Republicans. They’re all super liberal, and I didn’t want to have that fight.”

Bankman-Fried’s undisclosed donations were made possible by the supreme court’s 2010 decision in the Citizens United case, which allowed donors to give anonymously and has led to more than $1bn being poured into federal elections since 2010.

The revelation comes as a political battle over the collapse of FTX, Bankman-Fried’s crypto exchange, is shaping up in Washington.

Bankman-Fried was the second-largest donor to Democratic politicians in the last election cycle. The Republican senator Ted Cruz has called FTX “a Bernie Madoff style fraud that cost investors BILLIONS”.

“Will Joe Biden and Democrats who cashed Bankman-Fried’s checks give that money to the people SBF screwed?” he wrote on Twitter earlier this month.

On Thursday the Senate will hold the first in what is expected to be a series of hearings into FTX’s collapse, with Republicans keen to hold Democrats responsible for a lack of oversight before its collapse.

Public data shows that some parts of Bankman-Fried’s empire gave equally to both parties. Data from OpenSecrets, a non-profit that tracks data on campaign finance and lobbying, shows FTX US, the company’s US operation, gave equally to both parties.

But Bankman-Fried’s public donations went largely to Democrats. The FTX founder gave more than $990,000 to candidates in the last election cycle, according to OpenSecrets, and another $38.8m to outside groups. Only about $235,000 of his public political giving went toward Republican candidates.

The money helped Bankman-Fried position himself as an influential voice in crypto regulation in Washington. In February he testified before the same Senate agricultural committee that will hold the first hearing into FTX’s collapse this Thursday.

At the February hearing, Bankman-Fried argued for clarity in regulating the crypto market and outlined “FTX’s key principles for ensuring investor protections.” They included:

● Maintaining adequate liquid resources to ensure the platform can return the customer’s assets upon request;

● Ensuring the environment where customer assets are custodied, including digital wallets, are kept secure; and

● Ensuring appropriate bookkeeping or ledgering of assets and disclosures to protect against misuse or misallocation of customer assets.

Bankman-Fried was ousted after the company filed for bankruptcy. The new chief executive, John Ray III, who has overseen some of the biggest bankruptcies ever, including the collapse of the energy giant Enron, said FTX suffered an “unprecedented and complete failure of corporate controls”.

According to FTX’s new management, a “substantial portion” of assets held by FTX may be “missing or stolen” and the company did not even keep accurate records of who worked there.

www.theguardian.com/technology/2022/nov/30/ftx-billionaire-sam-bankman-fried-dark-money-republicans

So not quite the big liberal the right tried to paint him as

[abbey1227]

Dec 3, 2022 7:12:12 GMT merh said:

Dec 3, 2022 2:21:32 GMT abbey1227 said:

So for a dope, he was savvy enough business-wise to cover his bases and bribe BOTH sides?

Now let's see the MSM do exactly what he said they'd do

Aw.
Didn't you join in?

FTX billionaire Sam Bankman-Fried funneled dark money to Republicans
The crypto entrepreneur was thought to be a big donor to Democrats but now acknowledges he gave equally to GOP

So not quite the big liberal the right tried to paint him as

I'm not a big joiner.

As far as we know, his actions could have all been on purpose to give the Govt more reason to clamp down on crypto businesses.

[merh]

Dec 3, 2022 13:27:56 GMT abbey1227 said:

Dec 3, 2022 7:12:12 GMT merh said:

Aw.
Didn't you join in?


So not quite the big liberal the right tried to paint him as

I'm not a big joiner.

As far as we know, his actions could have all been on purpose to give the Govt more reason to clamp down on crypto businesses.

So he was trying to get his industry clamped down on?

[abbey1227]

Dec 3, 2022 20:15:54 GMT merh said:

Dec 3, 2022 13:27:56 GMT abbey1227 said:

I'm not a big joiner.

As far as we know, his actions could have all been on purpose to give the Govt more reason to clamp down on crypto businesses.

So he was trying to get his industry clamped down on?

I'm just throwing out a crazy conspiracy theory......... hard to believe anyone would keep all their billions in ONE basket

[merh]

Dec 4, 2022 2:46:07 GMT abbey1227 said:

Dec 3, 2022 20:15:54 GMT merh said:

So he was trying to get his industry clamped down on?

I'm just throwing out a crazy conspiracy theory......... hard to believe anyone would keep all their billions in ONE basket

Crypto seems like a scam.
They keep trying to pass it off as mainstream,  but it's a scam.
This guy crashed & burned & conservatives all crowed he was a big Democrat donor, but he just hid his republican donations thru dark money/superpac donations. 

Not unlike Musk donating to both parties.

[abbey1227]

Dec 4, 2022 3:05:57 GMT merh said:

Dec 4, 2022 2:46:07 GMT abbey1227 said:

I'm just throwing out a crazy conspiracy theory......... hard to believe anyone would keep all their billions in ONE basket

Crypto seems like a scam.
They keep trying to pass it off as mainstream,  but it's a scam.
This guy crashed & burned & conservatives all crowed he was a big Democrat donor, but he just hid his republican donations thru dark money/superpac donations. 

Not unlike Musk donating to both parties.

You're taking that as an absolute Fact........has it actually been proven yet?  or just a spin added to the story?

Meanwhile Paul Pelosi's video has yet to surface, as well as Epstein's client list.

Like I said, it'd be smart to pay off both camps. I'm sure China does, too as well as tons of other people and corporations.

[merh]

Dec 4, 2022 3:10:04 GMT abbey1227 said:

Dec 4, 2022 3:05:57 GMT merh said:

Crypto seems like a scam.
They keep trying to pass it off as mainstream,  but it's a scam.
This guy crashed & burned & conservatives all crowed he was a big Democrat donor, but he just hid his republican donations thru dark money/superpac donations. 

Not unlike Musk donating to both parties.

You're taking that as an absolute Fact........has it actually been proven yet?  or just a spin added to the story?

Meanwhile Paul Pelosi's video has yet to surface, as well as Epstein's client list.

Like I said, it'd be smart to pay off both camps. I'm sure China does, too as well as tons of other people and corporations.

The man said he donated to both, remember?

He just hid his GOP donations