🆓 SBF may not be subpoenaed.

Apps to tinker with...

December 09, 2022

  • 🗞️ “The Block” failed to disclose “Loans” from SBF

  • 🆓 SBF may not be subpoenaed.

  • 👩‍💻 App I am tinkering with

  • đź’° Coins of the week

  • đź“° Around the web3 world

  • 🙏🏻 Grateful for…

🗞️ “The Block” failed to disclose “Loans” from SBF

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled to The Block's CEO from the disgraced Sam Bankman-Fried's cryptocurrency trading firm. The Block’s CEO has resigned after the news became public.

Why is this important? - As we move into a more decentralized media world with the help of platforms like medium, substack, ghost, and others. We start to see the fall of traditional media outlets whose main goal is to maximize profit at the expense of anything. The Block is not the only media company to accept payments from questionable organizations in order to publish lies that benefit the donator in question. As a society, we can benefit from a more diverse news diet.

🆓 SBF may not be subpoenaed.

House Financial Services Chair Waters doesn’t plan to subpoena Sam Bankman-Fried to testify at hearing on FTX collapse.

Why is this important? - FTX should be liable for financial damages related to its operations, including but not limited to damages caused by negligence, breach of contract, fraud, or any other legal theory.

In addition, FTX should be held liable for any losses incurred due to its negligence, failure to meet its obligations or any other breach of contract or duty. Depending on the specific circumstances, damages may include compensatory damages, punitive damages, or other forms of financial relief.

  • Collapsed FTX owes nearly $3.1 billion to the top 50 creditors.

  • $1.45 billion to its top ten creditors.

  • Thousands, from small individual investors to institutions have lost millions.

And Maxime Waters does NOT plan to subpoena this fraudster??? SBF was able to infiltrate and buy traditional media outlets, politicians, government officials, and financial advisors (it does help that his parents teach Governance at Stanford and have advised many politicians) and there is an investigation with regard to SBF and his relationship with Gary Gensler, who is a very close friend to SBF’s girlfriend and Alameda CEO, Caroline Ellison. 

There are a lot of questions about why this SBF and his financial crimes are being downplayed by the NYT and other outlets. Lots of questions with regards to SBF being able to walk around, travel, and give interviews as he really made a mistake as he proclaims to have had. Victims and the world need answers and need them now.

👩‍💻 App I am tinkering with

ChatGPT is a prototype artificial intelligence chatbot developed by OpenAI that specializes in dialogue. The chatbot is a large language model fine-tuned with both supervised and reinforcement learning techniques. The base model that was fine-tuned was OpenAI's GPT-3 language model.

This improved revolutionary technology still has a great margin of error, but its advancements are astonishing. I was able to create python database search in a matter of seconds(see below).

Asked for the latest news in the FTX scandal, prompted for a turkey recipe, and have been using for anything and everything.

Will ChatGPT replace Google? Not entirely and not right now, but I have been using it more than google the past 3 days and it is by far faster, more effective, ad-less, and can spit out articles, sentences, code in all languages, replies in all languages, and entire books. It is truly revolutionary and this is only the beginning.

It only took ChatGPT 5 days to reach 1 Million users. A milestone that took Netflix 1,278, FB 304, and IG 76 days.

Although Elon Musk was among the first investors in the company (sold it in 2018) and Sam Altman is the organization’s CEO. It all seems that Mr. John Schulman is the person responsible for driving the growth and mass adoption of ChatGPT.

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đź’° Coins of the week

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross-chain implementations in the future). The end goal of the Frax protocol is to provide highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.

đź“° Around the web3 world

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