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Culture War Roundup for the week of November 14, 2022

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I precommit not to watch the sex tape, nor discuss Bankman's intimate life, beyond what has been said, unless it has clear relation to the central issue.

Bankman's actions, for all their clown world texture, have been serious and highly damaging to a large proportion of people I care about, and he (together with Kelsey Piper and other do-gooders) keeps doing damage and saving the face of the project I believe has largely motivated his actions, which is to say, EA-directed centralized «global governance». It may be that he'll be deemed a hero in the timeline where they succeed. And even if this accusation is unfounded, he is not a kid but a major scoundrel.

I refuse to let this devolve into a parasocial relationship with wacky awkward «polyamorous» autistic microblogging celebrities.

Was the relationship between Justinian and Theodora irrelevant? Of course it’s relevant. The top two figures responsible for this whole fiasco were in a sexual relationship with one another (and possibly others). That matters. It affects incentives. It affects decision making. One of the criticisms of EA is that it’s just a front for nerds to get laid. The fact that the people involved may in fact have been nerds just trying to get laid is a factor that must be taken into account for a proper analysis.

Theodora was a hell of a lot more competent (and allegedly more attractive) than what this lot got up to. I don't think Caroline Ellison actually did much more than "Okay Sam, you want me to sign off on the billion dollar 'loan' to you? Sure thing!" since the bankruptcy filing by John J. Ray is clear that Bankman-Fried was the guy in ultimate control of everything (and boy is Mr. Ray not one bit impressed by Bankman-Fried's comments as reported in Vox):

Finally, and critically, the Debtors have made clear to employees and the public that Mr. Bankman-Fried is not employed by the Debtors and does not speak for them. Mr. Bankman-Fried, currently in the Bahamas, continues to make erratic and misleading public statements. Mr. Bankman-Fried, whose connections and financial holdings in the Bahamas remain unclear to me, recently stated to a reporter on Twitter: “F*** regulators they make everything worse” and suggested the next step for him was to “win a jurisdictional battle vs. Delaware”.

I don't imagine Theodora did a lot of "Oh Justinian, whatever you want is fine with me" in ruling the empire.

Everyone seems to be dismissing the idea that Caroline had any influence on Sam. Is it because people think she’s ugly? No one wants to admit it, but she is in fact “nerd hot”. I don’t want to start unironic normies-will-never-understand-the-thrill-of-pinning-the-weaselposting, but I will if I have to.

I am ashamed to say I understand that reference.

Whatever influence she had on Sam, it does not seem to have extended to stopping him from doing what he was doing, or objecting to it, or leaving the entire project. We don't know all the facts, and what part Ellison and others played is going to be very important. But she was, in name at least, CEO of Alameda Research. She seems to have gone along with being a catspaw for him:

Bankman-Fried insisted in an interview with Vox reporter Kelsey Piper that his claim FTX didn’t “invest client assets” was “factually accurate” because Alameda Research, not FTX, actually made the investments.

Bankman-Fried added that he “also thought Alameda had enough collateral to reasonable [sic] cover it.”

While Bankman-Fried exercised ultimate control and only a few people were permitted to do things along with him, that still leaves a lot of "Why did you do things this way? Why didn't you have structures in place? Did you know what was going on? How could you not know, given the tight links between your firm and FTX?" for her to answer.