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Monday Overnight Open Thread (11/14/22) | Main | The Morning Report — 11/15/22
November 15, 2022

Daily Tech News 15 November 2022

Top Story

  • Slowly at first, then all at once: How Sam Bankman-Fried's crypto empire collapsed. (The New York Times)
    FTX and Alameda were closely linked. Alameda traded heavily on the FTX platform, meaning it sometimes benefited when FTX's other customers lost money, a dynamic that critics called a conflict of interest.
    No. A supporter would call it a conflict of interest. A critic would call it fraud.
    Mr. Bankman-Fried moved FTX to the Bahamas in 2021, drawn by a regulatory setup that allowed him to offer risky trading options that weren't legal in the United States. On the exchange, investors could borrow money to make big bets on the future value of cryptocurrencies.
    Margin calls on the the radioactive decay of short-lived isotopes would be a better bet.
    Despite the billions that venture capital firms put into the company, FTX had none of those outside investors on its board.
    Can I have a billion dollars? I promise to return at least 90% of it. WHICH IS MORE THAN FUCKING ZERO WHICH IS ALL YOU IDIOTS DESERVE.


  • The entirely predictable collapse of FTX is prompting a long overdue and completely ineffective regulatory response. (CoinDesk)

    The article has a link to a podcast episode titled Sam Bankman-Fraud.


  • Crypto lender BlockFi says please don't ask for your money back. (Reuters)

    Your money is safe. In the Bahamas. Enjoying itself. Without you.



Tech News


Not Exactly Tech News But Not Entirely Not Tech News Either

  • So Pipkin Pippa, based rabbit vtuber and all-round chaos magnet, had a stream in which she created an entire imaginary vtuber agency using the NovelAI image generation tool - showing exactly the text prompts she used to get the results she wanted. Helpful if you're new to NovelAI and kind of lost.


    Two days later all her creations had their own Twitter and YouTube accounts, a corporate presence, and a debut stream.



    Humanity had a good run, but now we've been replaced by AI vtubers created as a joke by a cartoon rabbit.



Disclaimer: Do you Pippas want Skynet? Because this is how you get Skynet.
digg this
posted by Pixy Misa at 04:00 AM

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