Davidzmorris

@davidzmorris

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213 Followers

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New at Dark Markets, and exclusive to the premium subscribers who share my unhealthy obsession: How sociopathy explains Sam Bankman-Fried's most incomprehensible choices - like the disaster of taking the stand in his own defense. https://tinyurl.com/yc635wvj

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If you haven’t closely followed the Sam Bankman-Fried case, here’s your chance to catch up on a scandal that goes far deeper than traditional media has reported. *The Five Revelations of Sam Bankman-Fried* https://davidzmorris.substack.com/p/the-five-revelations-of-sam-bankman

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Coming later today for my amazing Dark Markets subscribers (darkmarkets.xyz): The Five Revelations of Sam Bankman-Fried. An update on my book in progress about the FTX fraud, Effective Altruism, and elite corruption.

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Since crypto and politics is in the chatter: Here's Austin Campbell (ex-Citi, Paxos) on why the current policy regime could cause permanent harm to U.S. interests. Full episode: https://davidzmorris.substack.com/p/gangster-style-behavior-austin-cambell https://youtu.be/5KDskhdjnUs

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A huge part of my fascination with Sam Bankman-Fried comes from his apparently sincere belief in his own innocence. I found a figure who parallels SBF’s mental state: LIBOR manipulator Tom Hayes. 10 years post-conviction, he’s still convinced his crime had “no victims.” Read More: https://shorturl.at/LNPUX

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If I'm reading it right, the Samourai indictment gives the game away. Justice claims $2 billion in "illegal transactions" - illegal because Samourai isn't a registered transmitter. But only $100 million in "criminal proceeds" - that is, actual money laundering. In other words, 95% of Samourai use was not criminal.

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Immense thanks to @nic and @mattwalshinbos for shouting out the latest episode of Dark Markets with Zane Huffman of Bloq on last weeks Brink. We talked about Eigenlayer, Ethena, and why they maybe won't explode? Episode here: https://davidzmorris.substack.com/p/are-eigenlayer-and-ethena-time-bombs

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I thought this was a self-indulgence, but I've gotten so many appreciative notes. I wrote about my uncle Tommy, a former Texas Sheriff who just passed away, and the challenge of being a protector without becoming an authoritarian. https://tinyurl.com/zfyb8mv4

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Big analysis roundup today at Dark Markets, the newsletter about fringe finance: Scott Galloway Shilling for Craig “Faketoshi” Wright SEC DEBT Box Lawyers Resign ZKasino’s Bizarre Rug-Pull Future of Humanity Institute Shuttered And more. Subscribe for more nuggets every Tuesday! https://tinyurl.com/bdhmptau

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New Dark Markets Podcast: Are Eigenlayer and Ethena as fragile as critics fear? Or is it just PTSD? I talked to Zane Huffman, CSO at Bloq, about how restaking and the new Ethena stablecoin work - and why they don't deserve "Terra-Lunaism." https://davidzmorris.substack.com/p/are-eigenlayer-and-ethena-time-bombs

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This is the best explanation I've ever seen for the emergence of "A.I. consciousness" hokum. LLMs work exactly like psychics: they self-select a credulous audience and make statistical guesses. Treat the misbegotten victims of this hoax with the pity they deserve. https://softwarecrisis.dev/letters/llmentalist/

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This weekend at Dark Markets, I unlocked several lengthy analyses and reports previously for premium subscribers only. They include one of my favorite titles so far: "The Stanford Parent Experiment." https://davidzmorris.substack.com/p/bankman-fried-stanford-effective-altruism

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I unlocked a couple of older posts at Dark Markets. We're shifting away from so much FTX coverage, so consider this a farewell to the scammer who captured the essence of his era. Get a little taste of what a premium sub gets every Sunday! https://davidzmorris.substack.com/p/bankman-fried-stanford-effective-altruism

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New at the Dark Markets podcast, I talked to my old friend, the now Pulitzer and Emmy-winning Dr. @dexdigi (I am NOT jealous). The most important insight is this: You can drop out of grad school. https://youtu.be/szydo8rulN0 Find the full episode here: https://tinyurl.com/bdd5hzz4

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Sunday long read: I've changed this premium Dark Markets post to free. It's a rundown of all the times SBF knowingly chose to defraud his customers - and the damage he caused. Share this with people who still buy the "bank run" narrative. https://davidzmorris.substack.com/p/sam-bankman-fried-is-the-new-face

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New at Dark Markets: the argument at the core of my upcoming book. What motivated Sam Bankman-Fried's #ftx crimes? And why does he still claim he's innocent? Those two questions have the same answer. https://tinyurl.com/3h3sx2nj

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One #ftx insider says SBF was motivated by #EffectiveAltruism, another says his greatest flaw was thinking he was the smartest guy in the world. These are connected. EA appeals to those who think they alone deserve power. https://www.wsj.com/finance/currencies/bankman-fried-employees-crypto-prison-sentence-ed623940

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ive been trying to buy this earthquake coin for 5 mins

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I genuinely don't know what's going on, but if you search $degen on Google, this sponsored link is the first result, but it redirects to a different page that MetaMask says is a scam (drainer?). BE CAREFUL OUT THERE.

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Probably of specific interest to Brinkers: https://warpcast.com/davidzmorris/0x2e36d66c

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