Business relationships need clear, rational boundaries or there will be hell to pay.
Business relationships need clear, rational boundaries or there will be hell to pay.
That being said, that was not the problem at FTX/Alemeda. The problem with FTX was it was a fraud. San Bankman-Fried speculated with customer money while lying about what he was doing. FTX explicitly stated it did not speculate with customer money on its web site.
That could indicate that these sorts of relationships help frauds grow which is part of the problem.
Of course!
In case some engineers were trying to optimize out that risk too, while wondering why they have difficulty meeting anyone.
You’re barely staying at these jobs for 18 months, don't worry about it failing and being awkward, it wont be for long)
/me looks at wife and 1/10 of myself dubiously.