This seems right within longtermism, but, AFAIK, the vast majority of FTX’s grantmaking was longtermist. This decision to focus on longtermism seemed very centralized and might otherwise have shaped the direction and composition of EA disproportionately towards longtermism.
If FTX’s decentralised model had been proven successful for long-termism, I suspect it would have influenced the way funding was handled for other cause areas as well.
In case my wording was confusing, I meant that a community shift towards longtermism seems to have been decided by a small number of individuals (FTX founders). I’m not talking about centralization within causes, but centralization in deciding prioritization between causes.
Also, I’m skeptical that global health and poverty or animal welfare would shift towards very decentralized regranting without a massive increase in available funding first, because
some of the large cost-effective charities that get funded are still funding-constrained, and so the bars to beat seem better defined, and
there already are similar experiments on a smaller scale through the EA Funds.
Yeah, I got that, I was just mentioning an effect that might have partially offset it.
I agree that a small number of individuals decided that the funds should focus on long-terminal, although this is partially offset by how the EA movement was shifting that direction anyway.
This seems right within longtermism, but, AFAIK, the vast majority of FTX’s grantmaking was longtermist. This decision to focus on longtermism seemed very centralized and might otherwise have shaped the direction and composition of EA disproportionately towards longtermism.
If FTX’s decentralised model had been proven successful for long-termism, I suspect it would have influenced the way funding was handled for other cause areas as well.
In case my wording was confusing, I meant that a community shift towards longtermism seems to have been decided by a small number of individuals (FTX founders). I’m not talking about centralization within causes, but centralization in deciding prioritization between causes.
Also, I’m skeptical that global health and poverty or animal welfare would shift towards very decentralized regranting without a massive increase in available funding first, because
some of the large cost-effective charities that get funded are still funding-constrained, and so the bars to beat seem better defined, and
there already are similar experiments on a smaller scale through the EA Funds.
Yeah, I got that, I was just mentioning an effect that might have partially offset it.
I agree that a small number of individuals decided that the funds should focus on long-terminal, although this is partially offset by how the EA movement was shifting that direction anyway.
Yes, that seems correct.