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Sam Bankman-Fried is still gambling
One of the key skills in gambling is knowing when to cut your losses.
At his sentencing, I sat several rows behind Bankman-Fried, clad in prison khaki and clanking faintly when he walked from the shackles on his feet, while he gave his statement to the court. “A man willing to flip a coin as to the continued existence of life and civilization on Earth, if the chances were imperceptibly greater that it would come out without that catastrophic outcome, that’s really a leitmotif in my judgment of this entire case.” I have sat through endless litanies of his good boy credentials; if we leave aside FTX’s matryoshka doll of crime, he’s better behaved than me.
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