FWIW, I would totally want to openly do a postmortem. once the bankruptcy case is over, i’ll be pretty happy to publicly say what i knew at various points of time. but i’m currently holding back for legal reasons, and instead discuss it (as you said) “behind closed doors”. (Which is frustrating for everyone who would like to have transparent public discussion, sorry about that. it’ is also really frustrating for me!)
I think the truth is closest to “we had a bunch of hints that we failed to assemble”
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 would totally want to openly do a postmortem. once the bankruptcy case is over, i’ll be pretty happy to publicly say what i knew at various points of time. but i’m currently holding back for legal reasons, and instead discuss it (as you said) “behind closed doors”. (Which is frustrating for everyone who would like to have transparent public discussion, sorry about that. it’ is also really frustrating for me!)
I think the truth is closest to “we had a bunch of hints that we failed to assemble”
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.