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How many people trusted SBF_FTX because of his celebrity supporters, his appearances with politicians, his Stanford professor parents? "I'm a big advocate for
by memish 4y ago
How many people trusted SBF_FTX because of his celebrity supporters, his appearances with politicians, his Stanford professor parents?
"I'm a big advocate for Sam because he has 2 parents that are compliance lawyers. If there's ever a place I can be where I'm not going to get in trouble, it's gonna be FTX" https://twitter.com/Guruleaks1/status/1591086077489844224 https://twitter.com/Guruleaks1/status/1591086077489844224
We outsourced trust to people in his proximity and because he was one of the main crypto advisors to congress.
- deleted 4y ago[deleted]
- googlryas 4y agoI see this logic all over the place(parents did X, so kids raised by parents will be super Xers). But it completely misses one of the key elements - the parents doing X may have done X because they believed in it, whereas the kid might do X simply because it's the family business. So the motivation is entirely missing, and it's seen as a birthright rather than a calling. Maybe his parents became compliance officers because they are assiduously moral law and order types. That's not necessarily a trait that gets passed down to your offspring.