{"id":23812,"date":"2023-10-03T06:40:17","date_gmt":"2023-10-03T06:40:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/michael-lewis-chronicles-sam-bankman-frieds-journey-in-new-book\/"},"modified":"2023-10-03T06:40:17","modified_gmt":"2023-10-03T06:40:17","slug":"michael-lewis-chronicles-sam-bankman-frieds-journey-in-new-book","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/michael-lewis-chronicles-sam-bankman-frieds-journey-in-new-book\/","title":{"rendered":"Michael Lewis Chronicles Sam Bankman-Fried’s Journey in New Book"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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The renowned author Michael Lewis, well known for his works like \u201cThe Big Short\u201d and \u201cMoneyball,\u201d has started a lengthy promotional tour for his most recent book, \u201cGoing Infinite: The Rise and Fall of a New Tycoon.\u201d Sam Bankman-Fried, co-founder and former CEO of FTX, lived a fascinating life, which is explored in this book\u2019s compelling tale.<\/p>\n

Inside the \u201c60 Minutes\u201d Interview<\/strong><\/h2>\n

In a recent \u201c60 Minutes\u201d interview as part of his promotional efforts, Michael Lewis spoke about Sam Bankman-Fried, the interesting protagonist of his novel. Lewis provided insights into the multifaceted personality of the FTX founder during the interview.<\/p>\n

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Lewis acknowledged that FTX had a legitimate business foundation, stating, \u201cFTX actually had a great real business \u2014 If no one had ever cast aspersions on the business, if there hadn\u2019t been a run on customer deposits, they\u2019d still be sitting there making tons of money.\u201d<\/em><\/p>\n

Lewis intriguingly disclosed that Bankman-Fried has interests outside of the bitcoin industry. These addressed issues with democracy, effective altruism, and pandemic prevention. Lewis also brought up a rumored $5 billion offer made by Bankman-Fried to Donald Trump to have him withdraw from the candidacy for president.<\/p>\n

Michael Lewis provided further insights into Bankman-Fried\u2019s personality during the interview. Despite his unconventional demeanor, Bankman-Fried formed a close bond with football legend Tom Brady, a seven-time Super Bowl champion. Lewis noted, \u201cBrady thought he was just a really interesting person. I think he liked to hear what he had to say.\u201d<\/em><\/p>\n

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Although Lewis\u2019 \u201c60 Minutes\u201d interview revealed more of Bankman-Fried\u2019s complex personality, it was also met with criticism from some viewers. Sam Callahan, a Swan Bitcoin expert, said that since FTX functioned as an exchange, it was required to provide consumers with a 1:1 asset backing ratio. Callahan denied that FTX had a viable company, claiming that \u201cit was pure fraud.\u201d<\/p>\n

When questioned about Bankman-Fried\u2019s top concern in the event of 100-year sentence<\/a>, Lewis offered an unexpected perspective. He acknowledged that Bankman-Fried\u2019s greatest worry was losing internet connection, highlighting his conviction that he could spend an endless amount of time in jail as long as he had access to the internet.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) The renowned author Michael Lewis, well known for his works like \u201cThe Big Short\u201d and \u201cMoneyball,\u201d has started a lengthy promotional tour for his most recent book, \u201cGoing Infinite: The Rise and Fall of a New Tycoon.\u201d Sam Bankman-Fried, co-founder and former CEO of FTX, lived […]<\/p>\n","protected":false},"author":5,"featured_media":23813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23812"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23812"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23813"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}