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> That crosses the line and goes deep into "willful negligence" territory, in my view. Er, that's the thing that pushed you over the line? Not all the fraud an
by arcticbull 4y ago
> That crosses the line and goes deep into "willful negligence" territory, in my view.
Er, that's the thing that pushed you over the line? Not all the fraud and crime?
- mnky9800n 4y agoi was okay with the fraud and the crime. it was the hierarchical polyamory that pushed me over the line.
- h2odragon 4y ago> the hierarchical polyamory that pushed me over the line. Really. At that point one should have the decency to declare your outfit a religion, and stop paying taxes.
- mnky9800n 4y agoyou are obviously too clever to have been employed at FTX.
- EGreg 4y agoThat was just ironic I am sure Just like the “very easy math” that they all touted that was all that was needed to manage the entire thing
- mrguyorama 4y agoThe math gets REALLY easy when you do none of it.
- Waterluvian 4y agoHierarchical polyamory? I thought they meant spreadsheets, not spreading the sheets.
- A4ET8a8uTh0 4y agoBoth are bad. Crime is bad, but this is an argument for making software engineering more like a medical doctor's guild. Some things simply should not be done. There is an expectation of competence for some things like finance and medicine.
- ted_bunny 4y agoTheir finance scheme was like benefits fraud. Plaintext keys is malpractice. Is that close to what you mean?
- A4ET8a8uTh0 4y agoBasically yeah. Medical doctors will not do some thing for fear of losing their license to practice. One could argue storing data like this in plain text is malpractice.
- compiler-guy 4y agoStoring your keys in plain text is hardly software engineering. Plenty of people who don't know the first thing about coding do it all the time. This is a failure of security and risk management. Making a guild or licensing requirements for software engineers may or may not be a good idea, but it wouldn't have addressed this problem. But even if it would have in the abstract, FTX played fast and loose with so many other rules, I wouldn't expect them to abide by those either.
- A4ET8a8uTh0 4y agoHmm. That is a valid argument for me. You are right. In practical terms, the main issue lies with risk assessment ( and leadership basically running a scam ), but should a person implementing their ideas know better? I know what the real answer is, but I am curious of the response.
- dang 4y ago"Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- arcticbull 4y agoAh sorry, I just meant that light-heartedly. I wasn't assuming ill intent of the parent at all - just FTX. I'll be more careful. Tone doesn't always carry well over the internet.
- dang 4y agoAh thanks. I obviously misread you, but alas that probably means many others would as well - particularly when the comment doesn't contain enough information to convey intent.