Modelbot was maybe the biggest point of disagreement between Sam and his management team. Sam’s Release-the-Kraken fantasy was to hit a button and let Modelbot burn and churn through crypto markets twenty-four hours a day, seven days a week. He had not been able to let Modelbot rip the way he’d liked—because just about every other human being inside Alameda Research was doing whatever they could to stop him. “It was entirely within the realm of possibility that we could lose all our money in an hour,” said one. One hundred seventy million dollars that might otherwise go to effective altruism
...more
