Will Cain: It reminds me of a company that was founded well over a decade ago and people might remember: Vice. And Vice had a very charismatic leader who had a flashy lifestyle and said he understood Gen Z, or Gen X, or millennials, or whatever it may have been. And because of that, he attracted investment from legacy media organizations, hundreds of millions of dollars in increasing rounds of capital raise that continued to push up the valuation of Vice. And I hear what you're describing now with SBF is he did something similar, although instead of Lamborghinis the way that he got - I think he got - Silicon Valley to give him a ton of money to investing in FTX, or to buy FTT [FTX's token] was through the flashy mechanism of virtue signaling. That I'm going to give it all away, that I'm altruistic. And so that sucked in the sophisticated investor?
Jeffrey Tucker: Yeah, that was his value-added to the ongoing cons in this space, and there are many. But his particular sort of spin on it was to be the innovator of effective altruism, which he describes as a religious conversion. He realized it was wrong just to make a lot of money, but rather you should make a lot of money and then give it all away. So just a nice bit of flim flam perfectly constructed for 2019 and 2020.
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