On: FTX to file for U.S. bankruptcy, CEO resigns

[ahelwer]

If he comes out the other side massively wealthy, then what was there to be "mistaken" about? You're extending an incredibly generous quantity of sympathy to someone that has absolutely not earned even a little of it. Speculating that he had an anxiety attack! I mean, really.

[sillysaurusx → ahelwer]

It’s not really sympathy though. From a game theory perspective, what benefit did he get from saying FTX US wouldn’t be impacted?

It seems like there was negative benefit: not only did it accomplish nothing in practice, but it couldn’t have helped even theoretically.

So when someone does something like that, I can’t help but speculate.

[llamaimperative → sillysaurusx]

More time to get his and his friends' money out?

[sillysaurusx → llamaimperative]

Oh, good point. Thanks!

[ahelwer → sillysaurusx]

It kept some number of people from withdrawing their funds from FTX US yesterday, leaving more money in the pot to return to other stakeholders. This has nothing to do with game theory, what would that even mean!?

[shigawire → ahelwer]

It's like saying modulo or orthogonal - people just parrot these words on HackerNews

[yunohn → sillysaurusx]

Ah yes, yet another “game theory” perspective. Seriously, what is it with crypto enthusiasts and making everything about game theory? What does it even mean in reality?

[bigDinosaur → yunohn]

It's a way of ignoring basic fundamentals and construing any move by anyone the way you want it because of 'rationality' as opposed to actual evidence or the most obvious reason.

[mrguyorama → sillysaurusx]

Stop assuming rich people are rational