FWIW, I think such a postmortem should start w/ the manner in which Sam left JS. As far as I’m aware, that was the first sign of any sketchiness, several months before the 2018 Alameda walkout.
Some characteristics apparent at the time:
joining CEA as “director of development” which looks like it was a ruse to avoid JS learning about true intentions
hiring away young traders who were in JS’s pipeline at the time
I believe these were perfectly legal, but to me they look like the first signs that SBF was inclined to:
choose the (naive) utilitarian path over the virtuous one
risk destroying a common resource (good will / symbiotic relationship between JS and EA) for the sake of a potential prize
These were also the first opportunities I’m aware of that the rest of us had to push back and draw a harder line in favor of virtuous / common-sense ethical behavior.
If we want to analyze what we as a community did wrong, this to me looks like the first place to start.
FWIW, I think such a postmortem should start w/ the manner in which Sam left JS. As far as I’m aware, that was the first sign of any sketchiness, several months before the 2018 Alameda walkout.
Some characteristics apparent at the time:
joining CEA as “director of development” which looks like it was a ruse to avoid JS learning about true intentions
hiring away young traders who were in JS’s pipeline at the time
I believe these were perfectly legal, but to me they look like the first signs that SBF was inclined to:
choose the (naive) utilitarian path over the virtuous one
risk destroying a common resource (good will / symbiotic relationship between JS and EA) for the sake of a potential prize
These were also the first opportunities I’m aware of that the rest of us had to push back and draw a harder line in favor of virtuous / common-sense ethical behavior.
If we want to analyze what we as a community did wrong, this to me looks like the first place to start.