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.
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.
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.