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A comment on FTX’s balance sheet was bad. Parent comment

Re:FTX’s balance sheet was bad by olalonde on Monday November 14, 2022 @04:49PM (#33601700)
That's an extremely charitable interpretation of the events, in my opinion. Misappropriating custodial funds is not ever acceptable when you are running an exchange, no matter how good your EV looks like.

And I'm not buying into his whole effective altruism thing. What I think is that SBF had a strong desire to make money, ethics be damned, but had a troubled conscience. Effective altruism gave him moral comfort and helped him rationalize his actions.

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Re:FTX’s balance sheet was bad by dragonwriter on Monday November 14, 2022 @04:59PM (#33601851)
> That's an extremely charitable interpretation of the events, in my opinion.

Only because you seem to be reading into it a positive moral judgement that I did not, in any way, express.

> Misappropriating custodial funds is not ever acceptable when you are running an exchange, no matter how good your EV looks like.

I didn’t say it was.

> And I'm not buying into his whole effective altruism thing.

SBF doesn’t just advocate that method of decision-making in the context of EA, he advocates fairly consistently for financial and other decision-making.

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Re:FTX’s balance sheet was bad by olalonde on Monday November 14, 2022 @05:10PM (#33601984)
It seems I read too much in your comment. I can agree with labeling his method of decision-making as incompetent but I believe what happened at FTX goes beyond that and I just hope he doesn't get away with it by playing that card.
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