I think this point is really important. Statements like those mentioned in the post are important, but now that FTX doesn’t look like it’s going to be funding anyone going forward, they are also clearly quite cheap. The discussion we should be having is the higher stakes one, where the rubber meets the road. If it turns out that this was fraudulent, but then SBF makes a few billion dollars some other way, do we refuse that money then? That is the real costly signal of commitment, the one that actually makes us trustworthy.
I think this point is really important. Statements like those mentioned in the post are important, but now that FTX doesn’t look like it’s going to be funding anyone going forward, they are also clearly quite cheap. The discussion we should be having is the higher stakes one, where the rubber meets the road. If it turns out that this was fraudulent, but then SBF makes a few billion dollars some other way, do we refuse that money then? That is the real costly signal of commitment, the one that actually makes us trustworthy.