|Take a step back: what are we assessing here? If the question is “should I associate with a person who has this track record, and also once fraudulently misused customer money, but has repented and is trying as hard as possible to fix it”… the answer seems like a clear yes to me. And as a prosaic consideration, I continue to believe that Sam and the rest of the FTX leadership team are extremely talented and aligned people. Even with tarnished reputations today, I expect them to accomplish good and great things. To jump immediately to cutting ties seems like a large strategic error."
The answer is obvious: NO, never hand your money to someone who previously stole it. In a different universe where he made money by betting it all on black/red at the roulette table, and won, and gave me money: still NEVER.
There's been disloyalty all right. It's from SBF. He defrauded people who trusted. That's the definition of disloyalty and there's no coming back from that. It's not just stupidity. (And why would you hand your money and trust to the stupid either?)
He's a thief. It's not very complicated. It's not suddenly OK if you win on a bet. It's still betting with other people's money after promising not to.
I can't understand this position.
|Take a step back: what are we assessing here? If the question is “should I associate with a person who has this track record, and also once fraudulently misused customer money, but has repented and is trying as hard as possible to fix it”… the answer seems like a clear yes to me. And as a prosaic consideration, I continue to believe that Sam and the rest of the FTX leadership team are extremely talented and aligned people. Even with tarnished reputations today, I expect them to accomplish good and great things. To jump immediately to cutting ties seems like a large strategic error."
The answer is obvious: NO, never hand your money to someone who previously stole it. In a different universe where he made money by betting it all on black/red at the roulette table, and won, and gave me money: still NEVER.
There's been disloyalty all right. It's from SBF. He defrauded people who trusted. That's the definition of disloyalty and there's no coming back from that. It's not just stupidity. (And why would you hand your money and trust to the stupid either?)
He's a thief. It's not very complicated. It's not suddenly OK if you win on a bet. It's still betting with other people's money after promising not to.