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> I'm always interested in the Hindsight Bias: people say "oh, it was obvious it was fraud." Well, not really. Well, I don't know about that. On one side, ther
by bambax 3y ago
> I'm always interested in the Hindsight Bias: people say "oh, it was obvious it was fraud." Well, not really.
Well, I don't know about that. On one side, there were people who were convinced it was a fraud, some of which were very vocal and public about it. On the other side there were people who didn't care, or wanted to believe.
But there was not one serious and knowledgeable person who took a strong good look at FTX and concluded it was legit.
I think that's a tell.
- AlbertCory 3y agowell, if you thought "fraud" but didn't say so: still, no credits for you.
- fshbbdssbbgdd 3y agoIt’s so easy to say stuff like this in hindsight. > But there was not one serious and knowledgeable person who took a strong good look at FTX and concluded it was legit. Sequoia invested in FTX. Are we going to no-true-Scotsman them out?
- AlbertCory 3y agohttps://en.wikipedia.org/wiki/No_true_Scotsman https://en.wikipedia.org/wiki/No_true_Scotsman I had to look that up. I've heard the expression but didn't realize it was that much of a thing. Exactly. "No one but a chump believed in FTX." If you were a chump, you keep quiet and hope no one remembers and throws it back at you.