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Joined 1 year ago
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Cake day: July 13th, 2023

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  • Amazing. Thank you for guiding me there.

    The statements about payments of claims of customers and creditors in full is always caveated by the word “allowed” (see id. at 24). The expectation is that allowed claims will be paid in full if all of the hard work described above pays off (Id. at 24). The question remains, though, how one takes a filed claim and turns it into an allowed claim. One must first start at the total dollar amount of claims filed. That number is $23.6 quintillion dollars. (Id.). One quintillion is one billion billions. It is the number 1 followed by 18 zeros. The task of addressing filed claims and reducing them to their proper and “allowed” amount is monumental. Mr. Bankman-Fried assumes this is a breeze. He is wrong—very wrong.


  • At the risk of kind of picking around the edges here … something caught my eye in #5:

    Michael successfully alerted me to the fact that crime has risen by a factor of ten over the past century, which seems REALLY IMPORTANT and nobody else is talking about it and it seems like the sort of thing that more people than just Michael should be paying attention to.

    This claim is ridiculous. The homicide rate in the US was something like 30 or 40 per 100,000 people in colonial times, reducing every century, and it’s around 5 right now, since the increase from the 1960s - 1990s has gone back down.

    Maybe, in the past 100 years, we have passed so many bajillion new statutes that it has increased crime tenfold, but that’s not what the reactionaries are saying at all.