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Sam Bankman-Fried Considered Paying Trump $5B Not to Run for President.
Most of the people who went to work for Sam Bankman-Fried ended up in jobs for which they were not obviously qualified, and Natalie Tien was no exception. She’d been raised in Taiwan by middle-class parents whose only real hope for her was that she’d find a rich husband. She was highly agreeable and ill-designed for rebellion. She still reflexively covered her mouth with her hand when she laughed. And yet she’d been determined to prove to her parents that they’d underestimated her. After college she’d gone hunting not for a husband but for work. She’d been so anxious about her own ambition that, before each interview, she’d write out and memorize exactly what she wanted to say about herself. She’d landed the first real job she’d applied for, at an English-language training company, and it had bored her to tears. But then, in 2018, at the age of 28, she’d discovered crypto.
The previous year, the price of bitcoin had risen almost twenty-fold, from $1,000 to $19,000, and the daily trading volumes had boomed by some massive amount that was hard to precisely quantify. Across Asia, new cryptocurrency exchanges were popping up every month to service the growing gambling public. They all had deep pockets and an insatiable demand for young women. “Requirements are: pretty, big boobs, have done live streaming before, born in 2000 or later, good at chit-chatting,” read the job ad for a salesperson at the fastest-growing new exchange. By 2018 a lot of young Asian women were trying to meet those requirements. Natalie took a different approach. She spent a month reading everything she could find about cryptocurrencies and blockchains. “Everyone called it a scam,” she said, and she worried about that. Once on the inside, she was struck by how few of the people who worked in crypto could explain what a bitcoin was. The businesses themselves didn’t always know what they were doing, or why. They were hiring lots of people because they could afford to, and big headcounts signaled their importance. What kept Natalie going, and ignoring the feeling that whatever talent she might possess was being wasted, was her feeling that crypto might be the next big thing. “I thought of it as a gamble with nothing to lose,” she said.
By June 2020 she was working for her second Asian crypto exchange when she heard about the opening at FTX. Like the other exchanges, FTX hired her quickly, after a single interview, and she became the company’s 49th employee. FTX was different from the other exchanges, mainly because the guy who ran it, Sam Bankman-Fried, was different. Every man Natalie had ever met in
