Billy Markus is called a cofounder of in style meme cryptocurrency Dogecoin – he created it in 2013 in collaboration with Jackson Palmer and launched it as a parody of the flagship digital foreign money Bitcoin.
Now, Markus is an lively Twitter/X person and a pen pal of Elon Musk on the identical social media platform, in contrast to Palmer, who tweets very seldom and is a critic of the Tesla CEO. Markus has taken to Twitter to share a curious and maybe (stunning to some) truth concerning the founding father of FTX, the bankrupt crypto alternate created by Sam Bankman-Fried. SBF deliberate to purchase an island, survive an apocalypse and improve mankind genetically on a “smart” scale.
SBF appeared to purchase Nauru Island to construct survival bunker
Earlier than his brainchild FTX alternate collapsed, younger crypto billionaire Sam Bankman-Fried deliberate to acquire Nauru Island with a complete nation residing on it. He did it out of safety considerations since, apparently, SBF anticipated human civilization to break down within the close to future. He was unable to foretell the collapse of FTX, although.
Due to this fact, the acquisition of the island was his survival plan for FTX and his personal buying and selling agency Alameda Analysis and their staffers, in line with courtroom filings in a federal chapter courtroom in Delaware in late July.
The memo written by SBF’s brother Gabriel Bankman-Fried (who was additionally a high-ranked FTX Basis official) says that the plan was to amass Nauru Island and construct a “bunker/shelter” in case an occasion occurs that can destroy a big a part of the inhabitants (e.g., a large hearth or flood). Amongst these for whom that bunker was deliberate have been members of the efficient altruism motion.
In that bunker, the survivors led by SBF needed to probably create a lab and set up “smart regulation round human genetic enhancement.”
Right here’s comes intriguing half as to why SBF selected Nauru Island
Nauru is the smallest island state on this planet, with money-laundering identified to be carried out there a number of instances in its historical past. Thus, this specific selection of location for SBF’s “bunker” provides a taste of intrigue to this story.
In keeping with the courtroom filings, Bankman-Fried himself was accused to defrauding FTX clients of roughly $8 billion in cryptocurrencies they held within the platform’s wallets.
Thus, the actions of SBF don’t appear to match the idea of efficient altruism, which means {that a} group of individuals accumulates wealth to assist those that are underprivileged. His survival plan additionally raises moral considerations, in addition to questions relating to whether or not he certainly needed to build up giant wealth to assist the much less lucky.
SBF knew find out how to save FTX, John Deaton claims
Founder of Crypto-Regulation.US and vocal Ripple/XRP advocate John Deaton is a harsh SBF critic. In a recent tweet, he acknowledged that now “crypto is again in full swing once more.”
Deaton acknowledged that if Bankman-Buddy had not filed for FTX’s chapter and managed to lift sufficient cash (or present his personal funds) to “cease the bleeding” of the FTX platform, he would have managed to avoid wasting his enterprise and himself from jail.
