Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion - Ep. 423
Unchained
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Ethics and Altruism in Crypto
This chapter examines the philosophy of utilitarianism with a focus on act versus rule utilitarianism, and the moral complexities surrounding this approach. Through discussions on effective altruism and the actions of a controversial figure in cryptocurrency, the implications of financial decision-making and personal ethics are scrutinized. The chapter highlights how high-risk behaviors and cognitive impairments in financial environments can lead to ethical dilemmas, illustrated by the financial mismanagement at FTX and Alameda.
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