I don’t [currently] view EA as particularly integral to the FTX story either. Usually, blaming ideology isn’t particularly fruitful because people can contort just about anything to suit their own agendas. It’s nearly impossible to prove causation, we can only gesture at it.
However, I’m nitpicking here but—is spending money on naming rights truly evidence that SBF wasn’t operating under a nightmare utilitarian EA playbook? It’s probably evidence that he wasn’t particularly good at EA, although one could argue it was the toll to further increase earnings to eventually give. It’s clearly an ego play but other real businesses buy naming rights too, for business(ish) reasons, and some of those aren’t frauds… right?
I nitpick because I don’t find it hard to believe that an EA could also 1) be selfish, 2) convince themselves that ends justify the means and 3) combine 1&2 into an incendiary cocktail of confused egotism and lumpy, uneven righteousness that ends up hurting people. I’ve met EAs exactly like this, but fortunately they usually lack the charm, knowhow and/or resources required to make much of a dent.
In general, I’m not surprised with the community’s reaction. Best case scenario, it had no idea that the fraud was happening (and looks a bit naïve in hindsight) and its dirty laundry is nonetheless exposed (it’s not so squeaky clean after all). Even if EA was only a small piece in the machinery that resulted in such a [big visible] fraud, the community strives to do *important* work and it feels bad for potentially contributing to the opposite.
The point there isn’t so much, “He could not have had any EA thoughts in his head at all”, which I doubt is really true—though also there could’ve just been pressure from coworkers, and office politics around it, resolving in something like the Future Fund so that they were doing anything. My point is just that this nightmare is probably not one of a True Sincere Committed EA Act Utilitarian doing these things; that person would’ve tried to take more money off the table, earlier, for the Future Fund. Needing an e-sports site named after your company—that’s indeed something that other businesses do for business reasons; and if it feeds your business, that’s real, that’s urgent, that has to happen now. The philanthropy side was evidently not like that.
“My point is just that this nightmare is probably not one of a True Sincere Committed EA Act Utilitarian doing these things”—I agree that this is most likely true, but my point is that it’s difficult to suss out the “real” EAs using the criteria listed. Many billionaires believe that the best course of philanthropic action is to continue accruing/investing money before giving it away.
Anyways, my point is more academic than practical, the FTX fraud seems pretty straight forward and I appreciate your take. I wonder if this forum would be having the same sorts of convos after Thanos snaps his fingers.
I don’t [currently] view EA as particularly integral to the FTX story either. Usually, blaming ideology isn’t particularly fruitful because people can contort just about anything to suit their own agendas. It’s nearly impossible to prove causation, we can only gesture at it.
However, I’m nitpicking here but—is spending money on naming rights truly evidence that SBF wasn’t operating under a nightmare utilitarian EA playbook? It’s probably evidence that he wasn’t particularly good at EA, although one could argue it was the toll to further increase earnings to eventually give. It’s clearly an ego play but other real businesses buy naming rights too, for business(ish) reasons, and some of those aren’t frauds… right?
I nitpick because I don’t find it hard to believe that an EA could also 1) be selfish, 2) convince themselves that ends justify the means and 3) combine 1&2 into an incendiary cocktail of confused egotism and lumpy, uneven righteousness that ends up hurting people. I’ve met EAs exactly like this, but fortunately they usually lack the charm, knowhow and/or resources required to make much of a dent.
In general, I’m not surprised with the community’s reaction. Best case scenario, it had no idea that the fraud was happening (and looks a bit naïve in hindsight) and its dirty laundry is nonetheless exposed (it’s not so squeaky clean after all). Even if EA was only a small piece in the machinery that resulted in such a [big visible] fraud, the community strives to do *important* work and it feels bad for potentially contributing to the opposite.
The point there isn’t so much, “He could not have had any EA thoughts in his head at all”, which I doubt is really true—though also there could’ve just been pressure from coworkers, and office politics around it, resolving in something like the Future Fund so that they were doing anything. My point is just that this nightmare is probably not one of a True Sincere Committed EA Act Utilitarian doing these things; that person would’ve tried to take more money off the table, earlier, for the Future Fund. Needing an e-sports site named after your company—that’s indeed something that other businesses do for business reasons; and if it feeds your business, that’s real, that’s urgent, that has to happen now. The philanthropy side was evidently not like that.
“My point is just that this nightmare is probably not one of a True Sincere Committed EA Act Utilitarian doing these things”—I agree that this is most likely true, but my point is that it’s difficult to suss out the “real” EAs using the criteria listed. Many billionaires believe that the best course of philanthropic action is to continue accruing/investing money before giving it away.
Anyways, my point is more academic than practical, the FTX fraud seems pretty straight forward and I appreciate your take. I wonder if this forum would be having the same sorts of convos after Thanos snaps his fingers.