Maximizing FTX Recoveries – Management and committee meeting [pdf](restructuring.ra.kroll.com) |
Maximizing FTX Recoveries – Management and committee meeting [pdf](restructuring.ra.kroll.com) |
Which actually makes me wonder if somebody fat-fingered it and meant to type 65536 by hand and got it wrong. Which given everything we've found out about the sloppiness there, would seem quite apropos.
Normally I wouldn't think so, but the trailing "999994" also just seems so strangely floating point-derived... but who even knows.
> be me
> new employee at ftx bahamas office
> sbf is busy in dc doing effective altruism
> polycule ppl just got text from him
> tfw not in polycule
> sbf got a text from caroline
> we have to double alameda's credit line again
> guess that's my job now
> open excel spreadsheet
> they are planning to convert it to python soon
> find "borrow" column
> dozens of accounts have millions of dollars of credit
> find the alameda borrow entry
> feels goodman.jpg
> 32678000000e-3
> wtf is that
> it's 32678000000 mils divided by a thousand
> a mil is a tenth of a cent, it's finance jargon used by exchanges
> the e-3 at the end is scientific notation to divide by a thousand
> $32,678,000
> they've been doubling it by hand while high on stimulants
> last time they mixed up the 6 and 7
> bigbraintime.png
> i can just put parentheses around it and multiply by two
> leave it like that in the excel cell
> 32678000000e-3
> (32678000000-3)*2
> sbf texted again he says we solved caroline's problem
> success.png
> $65,355,999,994It's a cool hypothesis, and perhaps the person who hardcoded that number was even inspired by 2^16 - 1 in some way, but as the replies point out it doesn't really make much sense beyond an odd curiosity.
If you want to say what you think is important about an article, that's fine, but do it by adding a comment to the thread. Then your view will be on a level playing field with everyone else's: https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so...
68,719,476,736
const FTX_LIMIT = Infinity;
An example would be a float representing the final magnitude over the base magnitude (i.e. thousands of dollars), and the base quantity of thosands of dollars an unsinged 16bit integer.
It would be a commonly considered weird approach (you could/should use Decimal types for money), but hey, the final number is strangely near to be such a typical number (2^16).
PS: Like a sibling suggested, other hypothesis is that maybe it was something akin to a bare napkin calculation/decision made by humans (with human errors) eventually digitalized.
Money? Cryptocurrencies are way beyond that.
65,535,999,994 vs $65,355,999,994
No idea where the -6$ comes from or if the 535 vs 355 was intended.