Re:FTX to file for U.S. bankruptcy, CEO resigns
by fossuser on Friday November 11, 2022 @11:49AM
(#33563167)
I don’t really agree with this.
A wild eyed Luna type can lose a lot of people’s money and is probably more likely to do so than a skeptical trader making deals. The issue with this wasn’t that general heuristic which is still true (imo), it was SBF’s decisions despite that (which were bad and extremely high risk, but different than it being a ponzi).
Pair that with an intelligent enemy looking for ways to destroy you and this is where it ends up.
A wild eyed Luna type can lose a lot of people’s money and is probably more likely to do so than a skeptical trader making deals. The issue with this wasn’t that general heuristic which is still true (imo), it was SBF’s decisions despite that (which were bad and extremely high risk, but different than it being a ponzi).
Pair that with an intelligent enemy looking for ways to destroy you and this is where it ends up.