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naraburns  nihil supernum  1yr ago (text post)   29306 thread views

Culture War Roundup for the week of December 12, 2022

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Sam Bankman-Fried has been arrested.

FTX founder Sam Bankman-Fried was arrested by Bahamian authorities this evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire at the heart of the crypto exchange’s collapse.

Bankman-Fried was expected to testify before the House Financial Services Committee on Tuesday. His arrest is the first concrete move by regulators to hold individuals accountable for the multi-billion dollar implosion of FTX last month.

There had been some speculation on when and even whether he would be arrested. Just yesterday someone told me to expect it to take two years. So, why right before tomorrow's hearing? And why not wait for him to give more interviews and provide more evidence?

Caroline was seen in New York last week. Speculation was that she was there cutting a deal with prosecutors. This would seem to confirm that. Its one thing to give someone enough rope to hang themselves, its another to let him run around making a mockery of the legal system by admitting to felonies every day while nothing happens.

I wonder how this will be remembered, if it will be remembered, in future discussion of the prisoner's dilemma. The standard nash equilibrium is pretty stale and well known- everyone should cooperate- but this is a pretty good case where cooperation with one party is highly suspect given his current, and previous, acts the undermine credibility.

I feel like you're missing a step here, defect-defect is the stable equilibrium.

Maybe he means the iterated game but yeah it's a weird way to put it

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