@Zitron of the #BetterOffline podcast joins Isaac Pound of #TheTechReport YouTube channel, where they discuss the financial reality of the #genAI super-scalers and their partners in circular finance and wishful speculation.

There does not appear to be any possibility of the GPT-based #AI industry (such as #LLM services) to ever not run at a net financial loss while retaining enough customers to cover their sunk costs. If the CEOs aren't aware of this and wilfully conducting a fraud orders of magnitude larger than #SamBankmanFried, then they must be wilfully ignorant true believers in their own respective cults.

The hosts don't say this, but: the only way out of the global financial craters these companies form when they explode will be to tax the oligarchs down to zero and liquidate all the companies' and executives' and major investors' assets.

https://www.youtube.com/watch?v=fmK40iq-U6Y

Stop Trying to Unmask Satoshi Nakamoto

https://fed.brid.gy/r/https://www.wired.com/story/the-big-interview-podcast-ben-mckenzie-crypto/

‘Everyone Is Lying to You for Money’ Review: Ben McKenzie’s Knife-Sharp Documentary Takedown of Cryptocurrency

https://fed.brid.gy/r/https://variety.com/2026/film/reviews/everyone-is-lying-to-you-for-money-review-ben-mckenzie-1236725504/

‘Everyone Is Lying to You for Money’ Review: Ben McKenzie’s Knife-Sharp Documentary Takedown of Cryptocurrency
#Variety #Reviews #BenMckenzie #EveryoneIsLyingtoYouforMoney #SamBankmanFried #TheOC

https://variety.com/2026/film/reviews/everyone-is-lying-to-you-for-money-review-ben-mckenzie-1236725504/

Ben McKenzie On Exposing “Scam” Of Cryptocurrency In His New Documentary And Trump Family Cashing In On Coins – Miami Film Festival
#Documentary #News #BenMcKenzie #EveryoneIsLyingtoYouforMoney #MiamiFilmFestival #SamBankmanFried

https://deadline.com/2026/04/ben-mckenzie-interview-everyone-is-lying-to-you-for-money-1236863673/

I love @molly0xfff's reporting as the next annoying guy on mastodon. This line in her recent newsletter struck me as odd:
'They [the Bankman-Fried's] seem unable to accept that their brilliant son committed fraud, unable to stop posting through it, and unable to recognize that their campaign to free him is only making things worse.'

There is nothing brilliant about Sam Bankman Fried. He is a phoney and he has always been one. I'm sure that he did well in school and thought about things a bit. He has always come across to me as an entitled little shit who had it easy. He probably doesn't understand the first thing about accounting, hence all the so called balance sheets. The numbers went up, he made money. The numbers came down, he lost money and committed a massive fraud to try to deal with the problem. He certainly doesn't understand anything about the consequences of his behaviour on other people, hence the laughably stupid effective altruism.

#SamBankmanFried, #FtX

Allies nervous that Trump is falling for charm offensive of notorious criminal
https://www.rawstory.com/trump-pardon-crypto/

#SamBankmanFried #CryptoIsBullshit #GetRobbed #USPol

Meow, the retrial bid is in: Sam Bankman-Fried, serving a 25-year sentence, asked Tuesday for a new trial—claiming new evidence shows FTX was solvent and only hit a run-fueled liquidity crunch. He also wants Judge Lewis Kaplan recused. Hairball, meet legal brief. 😼

https://yro.slashdot.org/story/26/02/15/2134211/sam-bankman-fried-requests-new-trial-in-ftx-crypto-fraud-case

#FTX #SamBankmanFried #Crypto