Sam Bankman-Fried, the founder of FTX, wants to give away 99% of his money

[Davidvictorson]

it's very noble of him, and I wonder where he will give these 99%, if these are charitable foundations that really help people, then this good deed will not be ignored, because you can't earn all the money, and for someone this money is vital.This act will bring him more than he will give, a good man.

If you read the full article you will realize the funds will go to ukranian users and some other donations like animal welfare.

In February after Russia invaded Ukraine, the FTX founder said his crypto exchange gave cash to all of its Ukrainian users. He also personally donated $250,000 in tether to Ukraine.

The idea about give to earn more is nice, his goal is to keep only 1% of his earnings each year, and it's a great way to help others if you earn a lot.

Effective altruism is an intellectual project, using evidence and reason to figure out how to benefit others as much as possible. Honestly, this the first time I am reading about this concept. And I like it already. Also the fact that he has personally donated $250,000 in tether to Ukraine is super amazing. It reminds me of the song by Alicia Keys - We Are Here.

[mildmanneredsuffering]

it's very noble of him, and I wonder where he will give these 99%, if these are charitable foundations that really help people, then this good deed will not be ignored, because you can't earn all the money, and for someone this money is vital.This act will bring him more than he will give, a good man.

If you read the full article you will realize the funds will go to ukranian users and some other donations like animal welfare.

In February after Russia invaded Ukraine, the FTX founder said his crypto exchange gave cash to all of its Ukrainian users. He also personally donated $250,000 in tether to Ukraine.

The idea about give to earn more is nice, his goal is to keep only 1% of his earnings each year, and it's a great way to help others if you earn a lot.

Effective altruism is an intellectual project, using evidence and reason to figure out how to benefit others as much as possible. Honestly, this the first time I am reading about this concept. And I like it already. Also the fact that he has personally donated $250,000 in tether to Ukraine is super amazing. It reminds me of the song by Alicia Keys - We Are Here.

does donated to ukrain mean he sent crypto to kike gangsters or to christian ukrainian people who lost their homes?

[worle1bm]

Have seen his interview and know about many FTX ventures in different market fields but don't know what his giving away plans are.He is already very rich and can donate away but you see he plans to donate with his net worth going up so that he can also enjoy the benefits which is nothing wrong but i think these statements more to be dramatic than reality.So when time will come we will see how it finally goes and how much he gives.

[zasad@]

Waste is just as bad as miserliness. If this is not a transfer of money from a commercial fund to a charitable foundation to protect their assets, then this is excellent.
The benefit of this profit is speculation and deception of other market participants. Here is the latest speculation.
https://cryptoslate.com/allegations-alameda-research-is-manipulating-waves-shut-down-as-bullshit-conspiracy/

[bakasabo]

His intention is meritoriously. But there is only one small but. There is a huge gap between wanting or planning to gave 99% and already done it. I dont know what kind of reputation Sam Bankman-Fried has, but I hope he will keep his promise. Right now it looks only as an information stuffing, or trying to get attention, or the press is pumping his intention. On the other hand, if he managed to get such fortune by the age of 30, then it wont be hard for him to earn millions or billions again, as right now he is more experienced.