Nate Silver

You deposit 20,000 bucks from your bank account. You press a button, you buy Bitcoin, they take more of a surcharge than they probably should. But now I own Bitcoin, which technically you actually don't. They are just allocating that to your bank account and they own the Bitcoin. But usually that was respected. I can't speak for all these firms.

You deposit 20,000 bucks from your bank account. You press a button, you buy Bitcoin, they take more of a surcharge than they probably should. But now I own Bitcoin, which technically you actually don't. They are just allocating that to your bank account and they own the Bitcoin. But usually that was respected. I can't speak for all these firms.

In principle, your crypto is supposed to be segregated so you can't then go have a run on the bank. At FTX, it wasn't because Sam thought, oh, I'm very good at making trades and I want to make the world better through effective altruism. So like we have $8 billion in customer deposits in crypto.

In principle, your crypto is supposed to be segregated so you can't then go have a run on the bank. At FTX, it wasn't because Sam thought, oh, I'm very good at making trades and I want to make the world better through effective altruism. So like we have $8 billion in customer deposits in crypto.

In principle, your crypto is supposed to be segregated so you can't then go have a run on the bank. At FTX, it wasn't because Sam thought, oh, I'm very good at making trades and I want to make the world better through effective altruism. So like we have $8 billion in customer deposits in crypto.

Wouldn't it be a shame if I just left that sitting there in some account instead of making these awesome trades with it?

Wouldn't it be a shame if I just left that sitting there in some account instead of making these awesome trades with it?

Wouldn't it be a shame if I just left that sitting there in some account instead of making these awesome trades with it?

Yeah. He's like, well, I am trying to give my money away to charity and or to become infinitely powerful. He thought he could become president with some probability, literally. He wanted to be like the world's first trillionaire.

Yeah. He's like, well, I am trying to give my money away to charity and or to become infinitely powerful. He thought he could become president with some probability, literally. He wanted to be like the world's first trillionaire.

Yeah. He's like, well, I am trying to give my money away to charity and or to become infinitely powerful. He thought he could become president with some probability, literally. He wanted to be like the world's first trillionaire.

I grew out of that.

I grew out of that.

I grew out of that.

He even thought he'd become president before he was age 35 by lobbying to get the rules changed.

He even thought he'd become president before he was age 35 by lobbying to get the rules changed.

He even thought he'd become president before he was age 35 by lobbying to get the rules changed.

Alfred Lin was a partner there.

Alfred Lin was a partner there.

Alfred Lin was a partner there.