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Observations on FTX

Posted by mshupe 2 years, 5 months ago to Philosophy
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From the article - "The number of FTX creditors seeking restitution is estimated to be one million and nearly all of them are account holders. While government and media investigators try to sort out the money trails, there are two questions that deserve greater attention: 1) Why do so many people consider cryptocurrency to be an investment? 2) Why does the CEO of FTX appear morally self-satisfied with his behavior? Yet, two primary questions must be answered first: 1) How does one define ‘investment’? 2) How do we define a morally defensible code of conduct? Specifically, what are their attributes?"


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  • Posted by $ jbrenner 2 years, 5 months ago
    FTX is perhaps the most egregious example of looting in world history. SBF is this era's "Ellsworth Toohey".
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  • Posted by 2 years, 5 months ago
    This is an excerpt from a book that is in the works. The FTX fraud fell into my lap and dovetails perfectly with several of its themes.
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