> it occurred because Sam Bankman-Fried used customer money to...
This is a weird use of "because". You're saying roughly, "the fraud occurred because <the mechanics of the fraud>". That stuff is not why it occurred, it's how.
People do things for reasons.
> fund a lavish lifestyle
More lavish than portrayed in his PR and parroted by EA leaders, but less lavish than a typical billionaire in his situation (to say nothing of a typical crypto billionaire!)
Spending some money on nice, convenient living for himself and his team is not inconsistent with longtermism. To use a CS term, it's analogous to the concept of amortization.
This is a weird use of "because". You're saying roughly, "the fraud occurred because <the mechanics of the fraud>". That stuff is not why it occurred, it's how.
People do things for reasons.
> fund a lavish lifestyle
More lavish than portrayed in his PR and parroted by EA leaders, but less lavish than a typical billionaire in his situation (to say nothing of a typical crypto billionaire!)
Spending some money on nice, convenient living for himself and his team is not inconsistent with longtermism. To use a CS term, it's analogous to the concept of amortization.