I suggest caution with trying to compare the future fund’s investments against the donating to global poverty without engaging with the long-termist worldview. This worldview you could be right or wrong but it is important to engage with it to understand why FTX might consider these investments worthwhile.
Another part of the argument is that there is currently an absurd amount of money per effective altruist. This might not matter for global poverty where much of the work can be outsourced, but it is a much bigger problem for many projects in other areas. In this scenario, it might make sense to exchange apps to seeming amounts of money to grow the pool of committed members, at least if this really is the bottleneck, particularly if you believe that certain projects need to be completed on short timelines.
I agree being situated in the Bahamas is less than deontologically spotless but I don’t believe that avoiding the negative PR is worth billions of dollars and I don’t see it as a particularly egregious moral violation nor do I see this as significantly reducing trust in EA or FTX.
I suggest caution with trying to compare the future fund’s investments against the donating to global poverty without engaging with the long-termist worldview. This worldview you could be right or wrong but it is important to engage with it to understand why FTX might consider these investments worthwhile.
Another part of the argument is that there is currently an absurd amount of money per effective altruist. This might not matter for global poverty where much of the work can be outsourced, but it is a much bigger problem for many projects in other areas. In this scenario, it might make sense to exchange apps to seeming amounts of money to grow the pool of committed members, at least if this really is the bottleneck, particularly if you believe that certain projects need to be completed on short timelines.
I agree being situated in the Bahamas is less than deontologically spotless but I don’t believe that avoiding the negative PR is worth billions of dollars and I don’t see it as a particularly egregious moral violation nor do I see this as significantly reducing trust in EA or FTX.