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It's not even as if he was good at it, the scamming. It's like a three stooges, slapstick approach to financial fraud. He went to MIT for God's sake, he could
by iancmceachern 4y ago
It's not even as if he was good at it, the scamming. It's like a three stooges, slapstick approach to financial fraud. He went to MIT for God's sake, he could have done something positive and meaningful with his life but instead chose this. So much opportunity cost lost here, we could have built a few bridges and rail lines, done real work with the money he burned.
- deleted 4y ago[deleted]
- HPMOR 4y agoMoney is literally just a number, a fiction. What we must mourn is the expenditure of time of brilliant engineers and people, that wasted their productive years on this foray. However, humans waste tons of time... even the most intelligent among us. I would not say this is a tragedy of great sorts, and for a guy who was working at Jane Street, I don't think SBF would see this as an opportunity cost... it's more like he played the game and lost. Lost badly.
- iancmceachern 4y agoAgreed. I've worked on two multiple year projects with hundreds to thousands of engineers working on each, only to have them thrown in the garbage. It's highly depressing how many person hours of some of the highest educated and valuable skillsets we have are just thrown away.
- ratg13 4y agoThis is just a repeat of financial scams that existed a hundred years ago, now it’s just being done with digital money. Not learning from the mistakes the first time and allowing history to repeat itself for no reason is the tragedy, IMHO
- LoveMortuus 4y agoI'm not for the US. Does being from MIT actually mean anything? In my country we don't really have a university that people would great about or that would how any special status, at least not that I would know of.
- iancmceachern 4y agoIt's a highly respected engineering and science university, one of the top handful in the country, and world.
- mayankkaizen 4y agoI am from India (and never been to US). Even in India, people recognise MIT as the best institute all over the world. It does carry very high brand value. Even for me, if someone has done STEM studies in MIT or Stanford, I'd value them very highly.
- SilverBirch 4y agoImagine a university that every Venture Capital firm in Silicon Valley looks at and goes "That guy must be good, he dropped out of MIT". It's not only that MIT is a good university, it's that it quite literally opens doors to hundreds of millions of dollars if you choose to build a start up.
- _5uxp 4y agoOr they could fund the war on Afganistan for few days/week? I like how nobody mentions real trillions lost there for no REAL REASON. Not even counting casualties. Let's just keep being irrational. We are just writing comments, not sharing real information.
- iancmceachern 4y agoPeople mention it all the time (you just di). It's just not what this conversation was about.