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> So...Coinbase should keep the offer even if it makes bad financial sense? Yes, absolutely. It’s called integrity. I just bought a house, probably at a loss,

> So...Coinbase should keep the offer even if it makes bad financial sense? Yes, absolutely. It’s called integrity. I just bought a house, probably at a loss, at the top of the market, and could have backed out because the economic situation is no longer looking as great. I could have easily used a BS contingency to get out of the contract. However, I made a handshake agreement and asked someone to upend their life for me. My own code of ethics is to do what I say I will. Maybe it’s not the most game theory thing to do but at least I can sleep at night knowing I was an honest person. There are things in life more important than money.

caffeine 4y ago
> There are things in life more important than money. Not only this, but I think even in purely self-interested financial terms your ethical approach is superior over the long term. Over time, truth and honesty offer a compounding positive spiral. You make better decisions because a) the inputs are free of lies and b) you make them carefully knowing you will own the consequences. Reputationally you garner trust which makes possibilities available to you (collaboration, quid pro quo, and low-friction litigation-fee business relationships) that are not open to unethical people.