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suy  1yr ago (astralcodexten.substack.com)   Edited 1yr ago   3863 thread views

Scott Alexander on Sam Bankman-Fried, FTX and Effective Altruism

astralcodexten.substack.com

I made this a top level post because I think people here might want to discuss it but you can remove it if it doesn't meet your standards.

Edit: removed my opinion of Scott from the body

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That's what I'm saying, though. Companies that are willing to just quietly run a functional exchange are doing pretty well (for now).

But so many in the space have a desire to place bigger and bigger bets rather than accepting consistent returns and tying on the trading firm to the exchange probably seemed like a GREAT idea for a while.

But so many in the space have a desire to place bigger and bigger bets rather than accepting consistent returns and tying on the trading firm to the exchange probably seemed like a GREAT idea for a while.

Indeed and I think this is the real problem for EA. The traditionalist critiques of utilitarianism that rationalists have been dismissing as "uncharitable straw-men" have been revealed as flesh and blood all along.

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