This is probably my favorite proposal I’ve seen so far, thanks!
I’m a little skeptical that warnings from the organization you propose would have been heeded (especially by people who don’t have other sources of funding and so relying on FTX was their only option), but perhaps if the organization had sufficient clout, this would have put pressure on FTX to engage in less risky business practices.
I don’t have much hope that the charity side of things could have influenced FTX to be less risky—from what I can tell, a high tolerance for risk was core to their business practices. I just think it could have given EA folks who aren’t crypto-savvy a lot more sobriety around FTX’s relationship to EA and make them consider the potential downsides of taking FTX funding. It also would have helped in the media/reputation fallout if the donor evaluator I have in mind would have clearly labeled FTX as risky or having withheld information.
Independent of this particular case to mitigate against, I also think such a donor catalog and evaluation system would be a benefit to the community, as a sort of one-stop shop for potential grantees to learn about their options for seeking funding.
This is probably my favorite proposal I’ve seen so far, thanks!
I’m a little skeptical that warnings from the organization you propose would have been heeded (especially by people who don’t have other sources of funding and so relying on FTX was their only option), but perhaps if the organization had sufficient clout, this would have put pressure on FTX to engage in less risky business practices.
I don’t have much hope that the charity side of things could have influenced FTX to be less risky—from what I can tell, a high tolerance for risk was core to their business practices. I just think it could have given EA folks who aren’t crypto-savvy a lot more sobriety around FTX’s relationship to EA and make them consider the potential downsides of taking FTX funding. It also would have helped in the media/reputation fallout if the donor evaluator I have in mind would have clearly labeled FTX as risky or having withheld information.
Independent of this particular case to mitigate against, I also think such a donor catalog and evaluation system would be a benefit to the community, as a sort of one-stop shop for potential grantees to learn about their options for seeking funding.