
32: Sam Bankman-Fried - Crypto, Altruism, and Leadership
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I flew to the Bahamas to interview <a target="_blank" href="https://twitter.com/SBF_FTX">Sam Bankman-Fried</a>, the CEO of FTX! He talks about FTX’s plan to infiltrate traditional finance, giving $100m this year to AI + pandemic risk, scaling slowly + hiring A-players, and much more.<br/><br/>Watch on <a target="_blank" href="https://youtu.be/5Af0d2DbK5w">YouTube</a>, or listen on <a target="_blank" href="https://open.spotify.com/show/4JH4tybY1zX6e5hjCwU6gF">Spotify</a>, <a target="_blank" href="https://podcasts.apple.com/us/podcast/the-lunar-society/id1516093381">Apple Podcasts</a>, or any other podcast platform. Read the full transcript <a target="_blank" href="https://dwarkeshpatel.com/p/sbf">here</a>.<br/><br/> Follow <a target="_blank" href="https://twitter.com/dwarkesh_sp">me on Twitter</a> for updates on future episodes.<br/><br/>Timestamps<br/><br/>(00:18) -	How inefficient is the world?<br/><br/>(01:11) -	Choosing a career<br/><br/>(04:15) -	The difficulty of being a founder<br/><br/>(06:21) -	Is effective altruism too narrowminded?<br/><br/>(09:57) -	Political giving<br/><br/>(12:55) -	FTX Future Fund<br/><br/>(16:41) -	Adverse selection in philanthropy<br/><br/>(18:06) -	Correlation between different causes<br/><br/>(22:15) -	Great founders do difficult things<br/><br/>(25:51) -	Pitcher fatigue and the importance of focus<br/><br/>(28:30) -	How SBF identifies talent<br/><br/>(31:09) -	Why scaling too fast kills companies<br/><br/>(33:51) -	The future of crypto<br/><br/>(35:46) -	Risk, efficiency, and human discretion in derivatives<br/><br/>(41:00) -	Jane Street vs FTX<br/><br/>(41:56) -	Conflict of interest between broker and exchange<br/><br/>(42:59) -	Bahamas and Charter Cities<br/><br/>(43:47) -	SBF’s RAM-skewed mind<br/><br/>Unfortunately, audio quality abruptly drops from 17:50-19:15<br/><br/>Transcript<br/><br/><strong>Dwarkesh Patel</strong> <em>0:09</em><br/><br/>Today on The Lunar Science Society Podcast, I have the pleasure of
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32: Sam Bankman-Fried - Crypto, Altruism, and Leadership
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