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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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Can we consider the possibility that all of this was vaporware?

  1. Most people don't know what FTX is

  2. Most people have no idea who SBF is

  3. Most people have never heard of EA

Scott Alexander seems to be devastated by something most people didn't even know was a thing, much less an important thing.

It doesn't matter that you personally don't know what is is. What matters is what the money guys care about. All the FTX money is gone. All these bloated charities are going to have to make cuts.

Yes, but this is perfectly consistent with FTX being a Ponzi scheme all along. It was never an important thing for humanity, some people were just duped into believing it was.