Astral Codex Ten

The Bahamas

8 min read

The Bahamas

Article

The Bahamas is a recurring place in the Astral Codex Ten archive, appearing 2 times across 2 issues between November 16, 2022 and October 28, 2025. The archive places it in contexts such as “If you trust an exchange based in the Bahamas ran by a jabroni”; “The Bahamas is an archipelago-nation of 400,000 people scattered across 3,000 small islands”. It most often appears alongside San Francisco, @AutismCapital, Adderall.

Metadata

  • Category: Places
  • Mention count: 2
  • Issue count: 2
  • First seen: November 16, 2022
  • Last seen: October 28, 2025

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

The Psychopharmacology Of The FTX Crash
November 16, 2022 · Original source
He claims this is okay, because he was just a “performance coach” for the company, who happened to, additionally, be a psychiatrist who was treating many of the company’s employees. This is not better. Psychiatric ethics tries to have careful conflict-of-interest rules so that you aren’t playing multiple roles for the same person. For example, suppose you are employed as a “performance coach” in the Bahamas by a famously generous and free-spending company. And suppose that company has made it extremely clear that they want their employees to be on stimulants. And suppose you are treating those employees, and need to decide whether to put them on stimulants or not. It seems kind of plausible that maybe if you didn’t give the employees stimulants, you would lose your cushy Bahamas job. Isn’t this going to unduly influence your prescribing decisions?
LET ME REPEAT THIS FOR EVERYONE AGAIN: Shitcoins are bad, and you should feel bad if you trade them. Get the fuck out of the shitcoin casino you dumb ass gamblers! Solana is garbage. TRON is garbage. Exchanged-based coins like FTT are garbage. Coins with fucking dogs faces are garbage. Bitcoin is the only cryptocurrency you should hold. Maybe ETH. Hedge your bets there. You need to CONTROL YOUR OWN KEYS. Don't lend your coins out to charlatans promising you 5%, 8%, 15%, or 20% "risk free" returns. They are all scam Ponzis. There is no such thing as risk free 20% returns. It doesn't exist. Stop chasing it. If you don't control your private keys, it's not your crypto. If you trust an exchange based in the Bahamas ran by a jabroni who thinks he needs SIX MONITORS, you are in for a bad time. I've been in cryptocurrency since 2010 when BTC was 81 cents. I lived through the MT GOX implosion. I have had more crypto stolen from me in hacks and exit scams than you probably have ever even seen. Learn from my experience. Listen to what I am saying. TWELVE YEARS now I have been in crypto. This too shall pass. Fuck all these frauds stealing everyone's shit. We will all be better off with them out of the industry. However, you all have to learn from this shit. CONTROL YOUR OWN KEYS! Stop gambling on shitcoins. You are being used as exit liquidity for idiots.
25
October 28, 2025 · Original source
The Bahamas is an archipelago-nation of 400,000 people scattered across 3,000 small islands.
The Bahamas’ most populous island is the one with its capital, Nassau. The second-most-populous - and fifth-largest, and most-pretentiously-named - is Grand Bahama, home of Freeport, the archipelago’s second city. Grand Bahama has a unique history. In 1955, it was barely inhabited, with only 500 people scattered across a few villages. The British colonial government turned it into a charter city, awarding the charter to Wallace Groves, an American whose Wikipedia article describes him as a “financier and fraudster” and includes section titles like “Suspicions”, “Legal Troubles”, “Investigations”, and “Allegations Of Underworld Connections”. He was . . . maybe the exact right person for the job, turning Grand Bahama into a Vegas of the Caribbean complete with casinos, jet-setters, swanky hotels, and a flourishing mob presence. Outside the glitzy center, a little heavy industry even managed to develop around the port. After twenty years, the charter zone was “the most modern, well-run, and prosperous part of the [Bahamas]”, and the population had increased to 15,000. Vintage Freeport. I think this casino is now closed, but I can’t figure out what exactly happened to it, or whether the building still stands. The golden age ended around 1970. The government, headed towards independence from Britain, became embarrassed by the private enclave and stripped away some of its rights. Around the same time, Florida liberalized its gambling regime, cutting off the flood of Floridians coming to play the slots. Control of the concession passed from Groves, to his business partners, to his business partner’s widow, and finally to a random collection of only mildly-interested heirs. Two big hurricanes in 2004 were the last straw. Grand Bahama is still a popular cruise destination, it still has a well-built port and surprisingly nice airport, and some of the old hotels still stand. But nobody would describe it as a happening place. Now it’s back in the news. The government is increasingly tired of the heirs’ mismanagement of the island. They want it back. They made what they considered a fair offer. One of the heirs - the St. George family - seems to be on board. The other - the Hayward family - is less cooperative. The government is playing hardball by suing for $357 million of back fees which they say the heirs owe (the heirs deny that they owe this). The case is currently in arbitration. A likely outcome is that the court agrees the heirs owe some amount of money, the heirs can’t afford it, and they agree to sell back to the government. Why does this interest us? The government has talked a big talk about the existing owners not doing enough to exploit Freeport’s economic potential. But the government also isn’t well-placed to exploit it. And they might need some extra cash to buy back control at a fair price. So rumor is that if the heirs decide to sell, instead of the government taking the island back themselves, they might choose to partner with one of the more modern Silicon-Valley-style charter city companies, and give them the charter. The legal agreement is already set up. They’d just need to change the name on the dotted line. Put this way, Grand Bahama seems like a great deal. It’s a duty-free zone with one of the best deepwater ports in the area, making it an ideal center for trans-shipment - loading goods from one ship to another for various logistical and legal reasons. With its lovely climate, low prices, and proximity to the United States (50 miles from Miami), it’s well-placed to be a hub for digital nomads and remote work. Gambling is still legal there. Cruise ships visit regularly. And the beaches look like this: See here for a more complete history of the island, and here for a Charter Cities Institute podcast on the topic. California Maybe Actually Pretty Soon Now California Forever, the project to build a new city in unoccupied land an hour from San Francisco, has overcome a first round of political headwinds. In 2023, a stealth mode company announced it had quietly bought up a city-sized tract of land in Solano County, and would be placing an initiative on the county ballot to let them build a futuristic planned community there. Enough local NIMBYs protested that the company and county jointly withdrew the initiative in favor of seeking some other agreement. In 2025, they announced their new strategy: they would partner with nearby Suisun City. Suisun would annex their land and permit development there, avoiding a county-wide referendum (they might also make a deal with another nearby city, Rio Vista). The new plan is moving forward: earlier this month, California Forever submitted their annexation paperwork, which was deemed complete by the city. The remaining steps are: Suisun City Council must approve their environmental impact report (may cause delays and added expense, but unlikely to block the project outright)
Inline links: Wallace Groves, Suspicions, Legal Troubles, Investigations, Allegations Of Underworld Connections, https://substackcdn.com/image/fetch/$s_!e8na!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b84b513-e2a3-45b8-9bba-ee0d5e02ac1e_400x278.jpeg, is increasingly tired, a fair offer, https://substackcdn.com/image/fetch/$s_!aLaM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1563bfda-32d6-4380-a53b-b776a48428e8_509x370.png, here, here, has overcome a first round of political headwinds