I don’t know whether I defend Yudkowsky’s view (I only skimmed), but:
The “profit” in the scenario you describe doesn’t seem sufficient to move the market (as small investors), because it isn’t “profit” that you can keep growing and reinvesting (snowballing) until your Special Insights (TM) fix the market;
If you end up with a scenario where 2040 arrives and it’s Utopia, then there may not be any serious incentive to care, whereas there would be downside risks if it doesn’t occur: if you’re right, cool, you lived slightly better for 20 years out of a 1,000,000,000-year life of happiness; if you’re wrong you might be in so much debt you can’t pay medical bills/whatever, and die before actual AGI date.
I’m not confident you could get massive loans with no collateral and no business model or whatnot to repay the loans come 2040.
I don’t know whether I defend Yudkowsky’s view (I only skimmed), but:
The “profit” in the scenario you describe doesn’t seem sufficient to move the market (as small investors), because it isn’t “profit” that you can keep growing and reinvesting (snowballing) until your Special Insights (TM) fix the market;
If you end up with a scenario where 2040 arrives and it’s Utopia, then there may not be any serious incentive to care, whereas there would be downside risks if it doesn’t occur: if you’re right, cool, you lived slightly better for 20 years out of a 1,000,000,000-year life of happiness; if you’re wrong you might be in so much debt you can’t pay medical bills/whatever, and die before actual AGI date.
I’m not confident you could get massive loans with no collateral and no business model or whatnot to repay the loans come 2040.