"…[T]he sad fall of FTX makes motivating effective giving, outreach, and engagement more important…. Previously, a pushback against ‘motivating effective giving’ and making mainstream giving more effective was ~‘we have so much money already, and the core EA billionaires are much better aligned than the general population will ever be’. If that argument is valid, I think ‘it should work in both directions’ … so the corollary is ‘if we have fewer billionaires/less funds, the above should be more relevant’."
While I continue to feel badly, some relevant comments from Eliezer Yudkowsky, Peter Wildeford, & Kevin Cornbob remind me that maybe I'm not so much to blame as I currently feel:
Good point - Sequoia and others invested hundreds of millions in FTX without uncovering the fraud or massive lapses in governance despite direct access to due diligence. Understandable that EA wasn't able to see this coming. https://t.co/JOBeXC7obq— Peter Wildeford (@peterwildeford) November 12, 2022
|Comment from Kevin_Cornbob on the EA Forum.|
@benthamite #crypto billionaire sbf ❤️s #effectivealtruism ♬ sonido original - Benthamite