Quote from: nullama on Today at 03:29:26 AM

Quote from: alastantiger on December 24, 2022, 05:24:25 AM

~snip~
How in the world did SBF decide that gambling was the best course of action for recovering the funds? It seems to me that he has terrible friends around him. Have you ever thought of gambling as way to recover your funds and pay your debts? Does this look like a case of compulsive gambling?

Source: https://www.pokcas.com/sam-bankman-fried-and-ftx-bankruptcy/

That's pretty much what a lot of gamblers end up doing.

They try to recover their losses by gambling more, which ends up being a terrible idea most of the time since now they lost even more money.

Also it's easier to spend other people's money than yours.

True, it was easier to spend other people's money, especially if he could run away after spending it. But if it is true that he chose to gamble to recover his funds and pay off his debts, that is the wrong way, and we have seen what happened to him. It may seem simple to think of gambling, winning and bringing a lot of money back. But that's not the scenario because, in gambling, there is no guarantee that someone will get the big win as expected. But instead, it will give you a big defeat if the goal is to get a big win. But of course, there are many rumours about this SBF and a lot of people talking about it.