Writing the Book on FTX’s Downfall: ‘It Was All Just Sam’ - Ep. 490
Unchained
Understanding Sam's Nuanced Approach to Probabilities vs what's Right and what's Wrong
Sam thinks in probabilities and values potential good based on the likelihood of its occurrence. He views decisions in a numeric and nuanced way, rather than simply categorizing them as good or bad. Sam justifies his actions by considering the potential future value of the good he could do, even if there is a risk or harm in the present. His probabilistic worldview allows him to justify morally questionable behaviors. Sam envisions a future where the positive impact he creates outweighs any harm caused by his actions. He believes that the potential trillion dollars worth of good that can be achieved justifies the risk. Sam's mindset reflects his inclination towards a profitable business rather than simply maximizing profits. He values the long-term potential of his actions over short-term gains. However, it is challenging to unwind the financial consequences of his decisions due to the ever-changing nature of crypto asset prices. Despite these challenges, Sam's approach is driven by his belief in the value of his actions and the potential positive impact they can have on the world.
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