Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

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dgerard@awful.systems

How Lightcone fucked up returning an FTX donation: they asked a chatbot (awful.systems)

submitted 5 days ago* (last edited 5 days ago) by dgerard@awful.systems to c/buttcoin@awful.systems

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This could have been buttcoin, sneerclub or techtakes, but y'know pick one.

‪Lightcone is the rationalist org that runs LessWrong these days and runs totally not race science conferences.

SBF donated $6m to Lightcone. Then FTX in ch 11 wrote demanding a clawback (cos it was stolen customer funds). Lightcone ignored it. This went badly for Lightcone. They had to sell a building and their funding has dried right up.

this is Oliver Habryka, CEO of Lightcone:

"Oh man, we are being sued by FTX. I should hire a bankruptcy lawyer to prepare our defense." WRONG. I mean yes, of course go ahead and hire a bankruptcy lawyer to prepare the defense. But in-parallel use language models to prepare a defense yourself, then run the defense by the lawyer you hired until you think you understand reasonably well what the core constraints are. Then work together with the bankruptcy lawyer on the defense.

Habryka wrote this a few years after Lightcone completely fucked this one. Well done, Oliver.

https://www.lesswrong.com/s/cegJvyiP2dBkhDh2K/p/rSCxviHtiWrG5pudv

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[–] dgerard@awful.systems 7 points 5 days ago (4 children)

it keeps turning out that groups who call themselves The Smart Guys Who Are Very Cool And Also Smart are full of numbnuts! HOW DOES THIS KEEP HAPPENING

[–] YourNetworkIsHaunted@awful.systems 5 points 4 days ago

This is why I only hang out with groups like "terrible shit" or "bunch of self-satisfied assholes". This has worked only to my advantage so far.

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