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SBF talks about money like a prop trader who thinks that blowing your account is just a thing that happens to everyone in their lifetime, crossed with an extrem
by PragmaticPulp 4y ago
SBF talks about money like a prop trader who thinks that blowing your account is just a thing that happens to everyone in their lifetime, crossed with an extreme Rationalist (of the self-described "Rationalist" community) who thinks everything can be reduced to choosing between Column A and Column B based on which column has more utils.
- ericbarrett 4y agoIs he wrong? I suspect that even if he does jail time for fraud etc. then he will come out of it famous, and with plenty of deep-pocketed investors lined up to ride another wave. What are the actual consequences to the big guys?
- ben_w 4y agoQuite a lot of Rationalists aren't Utilitarians, for various reasons. Most of the ones I hang out with seem to agree with my characterisation of Utilitarianism as what happens when philosophers discovered basic arithmetic and then just stopped there. Most recently: """I remember in secondary school, with nobody to teach me more than basic trigonometry and algebra, I spent 6 months figuring out what I later learned were the two ways 3D rendering can be done: ray tracing, and turning points in 3D space into points in 2D (screen) space and drawing those as 2D primitives. Utilitarianism feels like even less than that, to me. It's the foundation of algebra upon which more can be built, saying that utility is a thing that can be combined, but it doesn't really say how to combine utility, and all the weird things that happen in extreme hypotheticals are because it's naively summing the potential utility of unbounded agents."""