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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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Not only charities. There are aftershocks through all crypto-system, and a lot of people that aren't affected directly are re-evaluating their stance towards crypto, which may lead to affecting even more people (imagine a major bank planning to invest in crypto - but then deciding to stay away - that'd probably lead to some reallocation of resources, somebody not getting a promotion, somebody fired maybe...)

Examples: https://www.bloomberg.com/news/articles/2022-11-14/ftx-fiasco-sparks-billions-of-dollars-of-outflows-from-exchanges https://www.bloomberg.com/news/articles/2022-11-15/ftx-latest-regulators-discuss-questioning-bankman-fried-in-us

It's way beyond just FTX customers and EA charities.