Wasn’t that the whole deal of SBF? I think he said if he could flip a coin between destroying the world or making it more than twice as good, he’d do it. And then he loaned other people’s money to himself to gamble on it.
Yet when asked exactly that in a March 2022 podcast with Tyler Cowen, Sam Bankman-Fried (SBF) was quite willing to play that game–and keep playing it, over and over again. Cowen asked SBF about the high likelihood of destroying everything by going double of nothing on a series of coin flips. SBF responded that he was willing to make this trade-off for the possibility of coin-flipping his way into “an enormously valuable existence.”
Fortunate that he went bust on only a few billion worth of stolen money and not the fate of humanity, though the same can’t be said for the rest of the delusionally arrogant megalomaniacs running things
Wasn’t that the whole deal of SBF? I think he said if he could flip a coin between destroying the world or making it more than twice as good, he’d do it. And then he loaned other people’s money to himself to gamble on it.
This is referenced in the alt text, I looked it up:
https://finance.yahoo.com/news/sbf-dangerous-decision-making-philosophy-124600175.html
Fortunate that he went bust on only a few billion worth of stolen money and not the fate of humanity, though the same can’t be said for the rest of the delusionally arrogant megalomaniacs running things
SBF could only exist as a high stakes gambler because he kept getting stacked by equally buffoonish, but less famous, bank executives.
SBF crapped out. The gambler mindset persists. We just have one less idiot rolling dice.