{"id":26043,"date":"2023-10-26T10:57:21","date_gmt":"2023-10-26T10:57:21","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=26043"},"modified":"2023-10-26T15:27:38","modified_gmt":"2023-10-26T15:27:38","slug":"the-beautiful-mind-of-sam-bankman-fried","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2023\/10\/26\/the-beautiful-mind-of-sam-bankman-fried\/","title":{"rendered":"The beautiful mind of Sam Bankman-Fried"},"content":{"rendered":"<p><i>By <\/i><b><i>Amy Castor<\/i><\/b><i> and <\/i><b><i>David Gerard<\/i><\/b><\/p>\n<ul>\n<li aria-level=\"1\">We need your support to publish more stories like this. Send us money! Here\u2019s<a href=\"https:\/\/www.patreon.com\/amycastor\"> Amy\u2019s<\/a> Patreon, and here\u2019s<a href=\"https:\/\/www.patreon.com\/davidgerard\/\"> David\u2019s<\/a>. Sign up today!<\/li>\n<li aria-level=\"1\">If you enjoyed this article, please forward it to just <em>one other person<\/em>. Thank you!<\/li>\n<\/ul>\n<blockquote><p>i can&#8217;t tell you how many pieces i have read that have me mentally screaming \u201cYOU ARE TALKING TO A TWEAKER. THAT&#8217;S IT. IT&#8217;S NOT SOME MYSTERIOUS SIDE EFFECT OF AUTISTIC GENIUS, IT&#8217;S JUST A HELL OF A LOT OF ADDERALL\u201d<\/p><\/blockquote>\n<p style=\"text-align: right;\">\u2014 <a href=\"https:\/\/twitter.com\/amolitor99\/status\/1717223296415289859\">Andrew Molitor<\/a><\/p>\n<p>David spent the last month moving house and Amy was packing up a house, so we mercifully dodged having to cover the Sam Bankman-Fried trial. We highly recommend the coverage from Molly White, Jacob Silverman, Nikhilesh De, and Inner City Press. [<a href=\"https:\/\/newsletter.mollywhite.net\/\"><i>Molly White<\/i><\/a><i>; <\/i><a href=\"https:\/\/www.jacobsilverman.com\/p\/the-coming-trials-of-sam-bankman\"><i>Jacob Silverman<\/i><\/a><i>; <\/i><a href=\"https:\/\/airmail.news\/jacob-silverman\"><i>Airmail News<\/i><\/a><i>; <\/i><a href=\"https:\/\/www.coindesk.com\/author\/nikhilesh-de\/\"><i>CoinDesk<\/i><\/a><i>; <\/i><a href=\"https:\/\/twitter.com\/innercitypress\/\"><i>Twitter<\/i><\/a>]<\/p>\n<p>But there are a few important things to say about Sam that don\u2019t seem to have been covered much elsewhere.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2022\/12\/02\/crypto-collapse-blockfi-even-deader-crypto-miners-going-broke-sam-will-not-shut-up-binance-and-tether-are-fine\/sbf-gma\/\" rel=\"attachment wp-att-24274\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-24274\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/sbf-gma.jpg\" alt=\"\" width=\"510\" height=\"315\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/sbf-gma.jpg 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/sbf-gma-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/sbf-gma-348x215.jpg 348w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/p>\n<p style=\"text-align: center;\" align=\"center\"><small><i>Sam on Good Morning America for the 2022 criminal confessions tour<\/i><\/small><\/p>\n<p>&nbsp;<\/p>\n<h3>Your honor, 1) What<\/h3>\n<p>Sam\u2019s trial has been on for three weeks now. The prosecution is wrapping up \u2014 and Sam has demanded his right to speak for himself. He is going to testify.<\/p>\n<p>This is the stupidest possible move, and we\u2019re certain his long-suffering lawyers strongly advised against it. But the prosecution\u2019s case is overwhelming. A Hail Mary pass is probably all that\u2019s left to him.<\/p>\n<p>But also, Sam just can\u2019t shut up. He was shooting his mouth off as fast as possible in his <a href=\"https:\/\/amycastor.com\/2022\/12\/01\/crypto-collapse-blockfi-even-deader-crypto-miners-going-broke-sam-will-not-shut-up-binance-and-tether-are-fine\/\">criminal confessions tour<\/a> through November and December 2022, between FTX declaring bankruptcy and his arrest. He just wants to <i>explain<\/i>.<\/p>\n<p>Why would Sam think testifying now, or talking to anyone who would listen last year, was a good idea? First, you need to understand the LessWrong rationalists and the Effective Altruist subculture \u2014 and how they think.<\/p>\n<h3>A rationalist on the rationalist<\/h3>\n<p>Zvi Mowshowitz is a long-time LessWrong rationalist. Mowshowitz was a trader at Jane Street, a professional Magic: The Gathering player, and the CEO of rationalist medical crank startup <a href=\"https:\/\/rationalwiki.org\/wiki\/MetaMed\">MetaMed<\/a>. He also worries about <a href=\"https:\/\/rationalwiki.org\/wiki\/Roko%27s_basilisk\">Roko\u2019s basilisk<\/a>. [<a href=\"https:\/\/observer.com\/2012\/07\/faith-hope-and-singularity-entering-the-matrix-with-new-yorks-futurist-set\/\"><i>Observer<\/i><\/a><i>, 2012<\/i>]<\/p>\n<p>Mowshowitz has known Bankman-Fried for many years via the <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2023\/02\/06\/ineffective-altruism-ftx-and-the-future-robot-apocalypse\/\">Effective Altruism<\/a> crowd. And now he\u2019s written an extremely long review of Michael Lewis\u2019 appalling puff piece on Sam, <i>Going Infinite<\/i> \u2014 though the review is really the story of Sam and Zvi<i>.<\/i> [<a href=\"https:\/\/thezvi.substack.com\/p\/book-review-going-infinite\"><i>Substack<\/i><\/a>]<\/p>\n<p>Mowshowitz writes like he always realized Bankman-Fried was a crook \u2014 but other evidence, such as his previous writeup on the fall of FTX and what that would mean for EA, suggests Zvi first realized FTX was a fraud only when it fell over last November. [<a href=\"http:\/\/web.archive.org\/web\/20230709141130\/https:\/\/thezvi.substack.com\/p\/sadly-ftx\"><i>Substack<\/i><\/a><i>, 2022<\/i>]<\/p>\n<p>He tries to put a skeptical cast on the tale \u2014 but the facts Mowshowitz describes of the years he\u2019s known Bankman-Fried show how Sam played Zvi like a kazoo. And Zvi isn\u2019t happy about it.<\/p>\n<p>This is Mowshowitz\u2019s description of Sam Bankman-Fried\u2019s personality:<\/p>\n<blockquote><p>This is a very raw-G \u2018smart\u2019 person, who manufactured an entirely artificial superficial charm, has grandiose self-worth, pathologically lies, is endlessly manipulative, lacks remorse or guilt, has extreme emotional shallowness, fails to accept responsibility for anything ever, needs stimulation constantly to the point of constantly fidgeting, never sleeping and playing video games during television appearances, is constantly impulsive and irritable and irresponsible, has goals like going infinite and mostly does things without any plan or vision at all, did all the crimes and the first opportunity he got had his bail revoked, although Lewis seems to be in denial about the crimes and the bail got revoked after the book\u2019s events.<\/p><\/blockquote>\n<p>Well, yes \u2014 but the description up to \u201cdid all the crimes\u201d is also most of the EAs and rationalists, including Mowshowitz himself.<\/p>\n<p>\u201cRaw-G\u201d is a rationalist way of saying \u201ca bright lad.\u201d The \u201cG-factor\u201d is a common way for rationalists to say that someone has lots of IQ points \u2014 even as psychologists will tell you that intelligence is made up of about 120 disparate and only somewhat correlated factors and isn&#8217;t really a single number. Rationalists tend not to have achievements, so they talk a lot about the IQ scores they got in school.<\/p>\n<p>Mowshowitz believes that Bankman-Fried says whatever the person he\u2019s talking to wants to hear. He doesn\u2019t care whether any statements he makes are true or false. Sam only cared about making the number go up \u2014 to win at EA as if it were a winnable game.<\/p>\n<h3>Legally prescribed medication<\/h3>\n<p>One hint as to why FTX\/Alameda was a disorganized, chaotic, and mismanaged mess is Caroline Ellison\u2019s Twitter thread of April 5, 2021: [<a href=\"https:\/\/twitter.com\/carolinecapital\/status\/1379036346300305408\"><i>Twitter<\/i><\/a><i>, <\/i><a href=\"https:\/\/web.archive.org\/web\/20221111195919\/https:\/\/twitter.com\/carolinecapital\/status\/1379036346300305408\"><i>archive<\/i><\/a>]<\/p>\n<blockquote><p>nothing like regular amphetamine use to make you appreciate how dumb a lot of normal, non-medicated human experience is.<\/p><\/blockquote>\n<p>In the context of the thread, Ellison is clearly speaking of amphetamines for treating ADHD \u2014 she describes common ADHD symptoms. A lot of ADHD medication, such as Adderall, is just amphetamines. But <i>if<\/i> you have ADHD, then a small dose of amphetamines works to focus your brain. And Caroline is a true believer.<\/p>\n<p>So, fine. Though many have speculated about just how large an amount of stimulants Sam was taking as pills and patches \u2014 well beyond any normal ADHD treatments.<\/p>\n<p>How did Sam and Caroline get into taking high doses of ADHD medication? We think it was via Scott Alexander Siskind, the psychiatrist behind the rationalist blog Slate Star Codex.<\/p>\n<p>Siskind occasionally writes up particular psychiatric drugs as public education. One popular piece was \u201cAdderall Risks: Much More Than You Wanted To Know\u201d from December 28, 2017. [<a href=\"https:\/\/slatestarcodex.com\/2017\/12\/28\/adderall-risks-much-more-than-you-wanted-to-know\/\"><i>Slate Star Codex<\/i><\/a>]<\/p>\n<p>Siskind starts by discussing how quite a lot of his patients seek out Adderall to make them better at working in finance. He then claims that Adderall helps with concentration for finance whether you have ADHD or not.<\/p>\n<p>He goes on to name a specific rationalist, Kelsey Piper of Vox \u2014 the journalist that <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2022\/11\/17\/declaration-of-john-jay-ray-ftx-is-worse-than-enron\/\">Sam later shot his mouth off to<\/a> \u2014 as someone who really should have gotten onto Adderall for greatest effectiveness in her altruism: \u201cby my calculations, that decreased Kelsey\u2019s effectiveness by 20%, thus costing approximately 54 billion lives.\u201d Yeah, rationalists really do say that sort of thing as if it\u2019s normal.<\/p>\n<p>Siskind discusses the medical nuances and risks of ADHD drugs at great length with many cited studies. But we can assure you that the rationalist subculture took that Slate Star Codex post as a starter\u2019s pistol to get on Adderall by any means possible \u2014 convinced that it would turn them into geniuses of finance and Effective Altruism. We\u2019ve even seen anecdotal reports of some rationalists who \u201cmicrodosed\u201d street meth, hoping for the same effect.<\/p>\n<p>We are quite certain that Sam Bankman-Fried and Caroline Ellison were two of the rationalists who read that essay and headed straight for all the prescription amphetamines they could legally obtain. FTX had its own staff psychiatrist on hand, after all.<\/p>\n<p>It\u2019s important to note that if you take Adderall at well over therapeutic doses, you\u2019re going to get the same effects you would if you just took that much speed. Because it is speed. You\u2019ll speak with unshakable confidence. You\u2019ll work long hours. You\u2019ll take wild risks with customer money and run your business into the ground.<\/p>\n<p>The world of finance is well acquainted with how cocaine has the same effects. Stimulants don\u2019t make you into a financial genius \u2014 they just make you <i>think<\/i> you\u2019re a financial genius.<\/p>\n<p>Sam\u2019s defense complained to Judge Lewis Kaplan that Sam wasn\u2019t getting all of the ADHD medication he had been prescribed. Sam really wanted to feel the confidence he was used to before going up on the stand. [<a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.590940\/gov.uscourts.nysd.590940.323.0.pdf\"><i>Doc 323<\/i><\/a><i>, PDF<\/i>]<\/p>\n<h3>Iron Chef<\/h3>\n<p>After graduating from MIT, Bankman-Fried worked as a trader at Jane Street for three years. He then struck out on his own to make it big in crypto.<\/p>\n<p>Sam\u2019s crypto origin story is the \u201ckimchi trade,\u201d named after a <a href=\"https:\/\/en.wikipedia.org\/wiki\/Kimchi\">Korean dish<\/a> \u2014\u00a0 where traders purchased bitcoin in the US and elsewhere and then sold it on the South Korean and Japanese markets for a profit.<\/p>\n<p>In 2017, it was difficult to move cash out of Korea and Japan. This created significant discrepancies in the price of bitcoin \u2014 it might trade for $10,000 in the US, but $15,000 in Korea and $11,500 in Japan. If you could figure out how to buy bitcoin in the US, sell it in Asia, and get the cash back into the US again, you stood to make heaps of money.<\/p>\n<p>Of course, that also required figuring out how to convert Yen into US dollars and move bucketloads of cash from Japanese banks to US banks without your accounts being frozen for money laundering.<\/p>\n<p>Sam supposedly figured out how to dodge the financial controls and make millions of dollars a day from this arbitrage \u2014 although he was incredibly vague on the details. [<a href=\"https:\/\/beincrypto.com\/sam-bankman-fried-explains-arbitrage-method\/\"><i>BeinCrypto<\/i><\/a>]<\/p>\n<p>This sort of arbitrage on international exchanges was well known. The bitcoin world rabidly sought out international arbitrages. But for some reason, <i>only<\/i> Alameda was in a position to exploit this one on a large scale \u2014 if you believe Sam.<\/p>\n<p>This is about as plausible as Charles Ponzi\u2019s International Reply Coupon arbitrage \u2014 that arbitrage also existed, but Ponzi couldn\u2019t possibly have run as much money through it as he claimed. But people fell for it as long as they thought there was a chance they could get rich for free.<\/p>\n<p>If Sam achieved this arbitrage at all, then he couldn\u2019t have done it without extensive bank fraud \u2014 and he later admitted he was lying to Japanese banks to get and keep accounts. The secret ingredient is still crime. [<a href=\"https:\/\/protos.com\/bankman-fried-curliest-crypto-billionaire-etfs-bitcoin-japan\/\"><i>Protos<\/i><\/a>]<\/p>\n<p>Arthur Hayes, founder of the BitMEX crypto futures exchange, also got a start in arbitrage trading in Asian markets \u2014\u00a0in 2013. He started small, and it was by no means an easy arbitrage to exploit.<\/p>\n<p>While Hayes was in Hong Kong, before he started BitMEX, he did bitcoin arbitrage between China and the rest of the world \u2014 but it involved carrying large bags of cash across international borders: [<a href=\"https:\/\/www.vanityfair.com\/news\/2021\/02\/the-rise-and-fall-of-bitcoin-billionaire-arthur-hayes\"><i>Vanity Fair<\/i><\/a><i>, <\/i><a href=\"https:\/\/archive.ph\/uvFSQ#selection-1833.53-1833.479\"><i>archive<\/i><\/a><i>; <\/i><a href=\"https:\/\/youtu.be\/TpZlPT1RqKc?si=KKodxHEK0mjdDhaD&amp;t=495\"><i>YouTube<\/i><\/a><i>, 8:15 on<\/i>]<\/p>\n<blockquote><p>When he heard Bitcoin was trading significantly higher on the Chinese mainland, he bought a bundle, transferred the coins to an exchange in China, and swapped them for yuan \u2014 literally lugging around a backpack containing stacks of banknotes. \u201cOver a period of days,\u201d he recounted, \u201cI physically crossed the border by bus to Shenzhen with some friends, had lunch, and came back over the border carrying legal amounts [of cash].\u201d<\/p><\/blockquote>\n<p>Naia Bouscal, who was a software engineer at Alameda, said that Sam did get some money out of the arbitrage. According to Bouscal, Sam set up Japanese accounts (by doing bank fraud) and made something like $10 to $30 million \u2014 but he then lost it to \u201ca series of bad trades and mismanagement of assets.\u201d [<i>Effective Altruism forum, 2022, <\/i><a href=\"http:\/\/web.archive.org\/web\/20230715042405\/https:\/\/forum.effectivealtruism.org\/posts\/xafpj3on76uRDoBja\/the-ftx-future-fund-team-has-resigned-1?commentId=hpP8EjEt9zTmWKFRy\"><i>archive<\/i><\/a>]<\/p>\n<p>There\u2019s another rumor, which is an incomplete story \u2014 but a lot of people strongly suspect that Alameda was started with a pile of tethers backed by nothing, because there was too much heat around Bitfinex\/Tether in 2017 and the whales needed a new trading partner.<\/p>\n<p>We know from the <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2021\/10\/29\/the-cftc-settlement-with-tether-and-bitfinex-42-5-million-dollars-in-fines\/\">CFTC settlement<\/a> that Tether printed tethers from nothing and accounted them in the reserves as \u201cloans.\u201d We also know that Alameda minted 39.55 billion tethers and certainly didn\u2019t send Tether anything like $39 billion \u2014 which would have been more than their entire claimed assets under management. [<a href=\"https:\/\/cryptoslate.com\/alameda-research-may-have-minted-up-to-40b-of-tethers-usdt-report\/\"><i>CryptoSlate<\/i><\/a>]<\/p>\n<p>Did Sam do a small amount of his claimed kimchi arbitrage, but then get a loan of tethers to start Alameda and later FTX?<\/p>\n<p>We also need to keep in mind that Sam Bankman-Fried has just been shown to be a long-term liar and fraud.<\/p>\n<p>In the meantime, here\u2019s a yummy-looking recipe for pork belly bossam with radish and oyster kimchi. [<a href=\"https:\/\/www.scmp.com\/cooking\/recipe\/pork-belly-bossam-radish-and-oyster-kimchi\/article\/3118012\"><i>SCMP<\/i><\/a>]<\/p>\n<h3>The myth of the boy genius billionaire<\/h3>\n<p>FTX worked hard to promote itself as a trustworthy financial institution run by a dynamic genius in the mold of Steve Jobs of Apple.<\/p>\n<p>Jobs was eccentric, acerbic, and prickly \u2014 and he solidly delivered through the late 1990s and into the 2000s.<\/p>\n<p>The Jobs archetype is a poison in tech culture. Jobs made amazing things, but he was also a toxic asshole \u2014 and his emulators assume you have to be an asshole to make it work.<\/p>\n<p>Elon Musk did the same, promoting electric cars and energy transition while Tesla\u2019s accounts looked increasingly puffed-up and driven only by his image.<\/p>\n<p>If <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2023\/07\/02\/crypto-collapse-trueusd-in-trouble-prime-trust-and-banq-go-down-europe-hates-binance-blockfi-terra-luna-twitter-is-just-resting\/\">the past year of Twitter<\/a> achieves anything, we can only hope it\u2019s shattering the image of rich guys as universal geniuses.<\/p>\n<p>Most zillionaires don\u2019t seek the limelight. They just get on with making money. If you see the ultra-wealthy promoting themselves, it\u2019s a stage-managed production for publicity purposes, designed to distract from whatever is really going on.<\/p>\n<p>They want you to think they\u2019re the next Steve Jobs. Somehow, they keep turning out to be Elizabeth Holmes.<\/p>\n<p>Sam Bankman-Fried promoted himself as an eccentric billionaire genius thinker with financial acumen beyond normal minds and the policy insight to take this fabulous new asset class into the future.<\/p>\n<p>Back in the real world, Sam was nothing more than a flim-flam artist. This is the Sam who will take the stand. He will try to con the jury in the same way he conned crypto investors, venture capitalists, and the media \u2014 but now the world is onto him.<\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>They want you to think they\u2019re the next Steve Jobs. Somehow, they keep turning out to be Elizabeth Holmes.<\/p>\n","protected":false},"author":1,"featured_media":24274,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[2653,1355,38,1067,3341,3648,100,3365,3651,2158,1798,3647,280,2963,412,3644,263,3441,3646,3512,3649,2491,455,1879,119,3650,283,39,487,3645],"class_list":["post-26043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-alameda","tag-arthur-hayes","tag-bitfinex","tag-bitmex","tag-caroline-ellison","tag-charles-ponzi","tag-china","tag-effective-altruism","tag-elizabeth-holmes","tag-elon-musk","tag-ftx","tag-going-infinite","tag-hong-kong","tag-jane-street","tag-japan","tag-kelsey-piper","tag-lesswrong","tag-lewis-kaplan","tag-metamed","tag-michael-lewis","tag-naia-bouscal","tag-sam-bankman-fried","tag-scott-alexander","tag-slate-star-codex","tag-south-korea","tag-steve-jobs","tag-tesla","tag-tether","tag-twitter","tag-zvi-mowshowitz"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/sbf-gma.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=26043"}],"version-history":[{"count":16,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26043\/revisions"}],"predecessor-version":[{"id":26059,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26043\/revisions\/26059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/24274"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=26043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=26043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=26043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}