2 ms·
yeah, pretty much every one of the [not particularly large number of] positive pieces I read on him screamed "compulsive gambler", including the VC hagiography
by notahacker 4y ago
yeah, pretty much every one of the [not particularly large number of] positive pieces I read on him screamed "compulsive gambler", including the VC hagiography that talked in depth about his interpretations of utilitarianism and devoted a paragraph to wondering if there was anything in life he actually enjoyed.
not to mention the Matt Levine interview where Matt tells him he's basically describing yield farming as a Ponzi scheme and he concedes that's valid and doesn't even try to construct a counterargument for where the value comes from...
- shapefrog 4y agoHe did have a counter argument - 'the market values the box' - pure capitalism. The scary thing is he understood that the box inherently is nothing of any value, except that the market has placed a value on it - yet still bought into lots of boxes that the market said had value till they didnt have and value. The gambler once again.