I do think EA is above treating this as a black swan event. Fraud in unregulated finance (crypto even more so) even if at least initially guided by good (no to speak of naively utilitarian) intentions is to be expected. Most people did not expect this to happen with SBF/FTX, but some did. There’s a lot of potential to learn from this and make the movement more resilient against future cases of funder’s fraud via guidelines, practices. E.g. clarifying that dirty money won’t work towards achieving EA aims. And that EA credibility should not be lent to dubious practices.
Other than that I agree with the gist of this post & comment but it’s also important to gradually update views. Upvoted the comment of John_Maxwel
I do think EA is above treating this as a black swan event. Fraud in unregulated finance (crypto even more so) even if at least initially guided by good (no to speak of naively utilitarian) intentions is to be expected. Most people did not expect this to happen with SBF/FTX, but some did. There’s a lot of potential to learn from this and make the movement more resilient against future cases of funder’s fraud via guidelines, practices. E.g. clarifying that dirty money won’t work towards achieving EA aims. And that EA credibility should not be lent to dubious practices.
Other than that I agree with the gist of this post & comment but it’s also important to gradually update views. Upvoted the comment of John_Maxwel