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Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by kodapoda on Sunday November 05, 2023 @01:07AM (#38148755)
To be fair, VC types are not in the business of ethical philosophy. Crypto was not the first tech hype, won't be the last one. VC types will continue to thoughtlessly promote whatever can make them money.
Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by SV_BubbleTime on Sunday November 05, 2023 @09:18AM (#38151308)
With my theory of everything that is wrong…

MBA-ification is actually very very high on the list.

Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by kodapoda on Sunday November 05, 2023 @01:05PM (#38153702)
I don't have much insight into MBA programs. But suspect that they give substance to a pre-existing world view, effectively provide tools for justifying (and even reinforcing) bad practices. This is a generalization, of course, but if someone is already a crook, an MBA would only amplify that.
Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by SV_BubbleTime on Sunday November 05, 2023 @05:10PM (#38156156)
It is that. But also efficiency above all else.

Let’s run lean, let’s do it without human interaction, let’s push our solution first, we can force people in to this, etc.

I used to think Ayn Rand’s comments about creators and consumers were smarts people vs dumb, but that isn’t it at all. I think we’re in a complexity crisis and MBA driven business and large government is in a race for unsustainability.