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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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I think I can make a pretty strong argument that the people investing 85 Billion USD to a guy who has a business plan worthy of the underpants gnomes and who plays League of Legends was not competent or prudent.

I do find it funny how LOL is catching so many strays in this scandal. Like, its a popular video game. Some hopped up fake billionaire likes it, like the rest of the world of hopped up people.