This morning, the stock and crypto market has seen large declines. BTC and ETH has fallen 17-20%.
I guess:
This might affect EA spend given the source of EA funds. (But it’s unclear how substantive this is, as spending still amounts to a small fraction of these funds.)
There might be a recession (I don’t know how likely this is)
In a recession, some EA orgs may benefit from donations to cover shortfalls
In a recession, the “talent market” (relevant to EAs where there is a shortage of leaders for new projects and tech talent) might change and talent might become easier to obtain. (Alternatively, you can imagine adverse selection from a “people seeking shelter” sort of thing).
This comment is supposed to be “maybe this is relevant news, and like, put this on your radar or something”, I’m not really an expert in any of the above.
This morning, the stock and crypto market has seen large declines. BTC and ETH has fallen 17-20%.
I guess:
This might affect EA spend given the source of EA funds. (But it’s unclear how substantive this is, as spending still amounts to a small fraction of these funds.)
There might be a recession (I don’t know how likely this is)
In a recession, some EA orgs may benefit from donations to cover shortfalls
In a recession, the “talent market” (relevant to EAs where there is a shortage of leaders for new projects and tech talent) might change and talent might become easier to obtain. (Alternatively, you can imagine adverse selection from a “people seeking shelter” sort of thing).
This comment is supposed to be “maybe this is relevant news, and like, put this on your radar or something”, I’m not really an expert in any of the above.
FUNDS ARE SAFU
https://fortune.com/2022/06/18/ftx-sam-bankman-fried-coinbase-brian-armstrong-crypto-layoffs/
If this is not the last crypto cycle, maybe the market is an opportunity for some EAs.
Or EAs should help FTX or SBF in some way?