Someone once asked me if I feel ashamed about having worked for Sam Bankman-Fried. Yes, I do. Not because of the fraud - that was a deranged act that none of us saw coming, even on the inside. But because of Sam's attempts to secure a permanent monopoly for FTX via regulatory capture. I could see it happening right in front of me, and I made up all kinds of excuses to myself about why this was actually a galaxy brain move that would end up helping humanity and reducing suffering. Incentive bias rarely “feels” like you’re being irrational. Often, it feels like convincing yourself that something is right when you know in your heart that it’s wrong. Just a thought for those working at the aspiring monopolies of the Scaling Era. All of this has happened before, and it will all happen again.