Jamie Loftus

And he decides to roll this money into a company which will allow him to hire employees to gamble with cryptocurrency at scale to try and find different fucked up little areas like this where they can make a bunch of money by executing trades.

He picks members of the EA community as his first employees, including Carolyn Ellison, a former co-worker at Jane Street, who we will be talking about in a little bit, and Nishad Singh, a former Facebook employee.

Industrial scale dick writer Adam Fisher lets you know that Singh is an incredible, almost impossibly good human being.

By describing him this way, he often wears a t-shirt with the words compassionate to the core printed in diminutive all lowercase font over his heart.

He is 50% this guy's dick by weight.

It is unbelievable.

He's going to get paid by Sequoia to write a 10,000 word article that they then pull from their website when it becomes clear this man is a massive financial criminal.

It's extremely funny.

Now look, I don't know Singh, but based on the description that guy gives, I am convinced he's murdered a child with his bare hands.

And that is my headcanon for this man.

No one else would wear that shirt.

So...

These EA nerds all form a trading firm called Alameda.

And in doing so, they came down on one side of probably the biggest split within the crypto community.

See, the core of the idea that's not bad that exists within cryptocurrency is that decentralized state-controlled money is like...

has problems right you know that there's things about that that are bad um and it could be cool and useful to be able to separate the money from the state if you could do that right if you could do that in a way that reduced the state's power to like you know just lock down the bank accounts of dissidents and stuff like that there's there's cool benefits to it well wait i just had an idea what if we did that but then we gave all the money to one guy

Well, that's kind of what keeps happening.

Oh, I see, I see, I see.

But also, like, SBF's on the other side of this argument, right?

Because obviously most of the actual benefits of a truly decentralized online currency are just you can buy drugs with it over the internet.