Thanks for writing this! I think this is a good proposal worth seriously considering and engaging with (although I’m undecided on whether I’d endorse it all-things-considered).
One other consideration is that you may want to effectively negate the benefits obtained through fraud to prove that “crime doesn’t pay”, and this means decreasing budgets for the causes by the amounts granted/donated to these causes, by cause. Since FTX and associates were disproportionately funding longtermist interventions and presumably value them more than other causes, if we don’t pay out disproportionately from our longtermist budget, FTX and associates get away with shifting the share and amount of funding towards longtermism, which is still a win to them. (Of course, this doesn’t necessarily mean the share of longtermist funding from outside FTX should decrease overall, since there are also reasons to increase it now.)
Another consideration is that we should pay more than the benefits, to account for fraud that isn’t caught.
Thanks for writing this! I think this is a good proposal worth seriously considering and engaging with (although I’m undecided on whether I’d endorse it all-things-considered).
One other consideration is that you may want to effectively negate the benefits obtained through fraud to prove that “crime doesn’t pay”, and this means decreasing budgets for the causes by the amounts granted/donated to these causes, by cause. Since FTX and associates were disproportionately funding longtermist interventions and presumably value them more than other causes, if we don’t pay out disproportionately from our longtermist budget, FTX and associates get away with shifting the share and amount of funding towards longtermism, which is still a win to them. (Of course, this doesn’t necessarily mean the share of longtermist funding from outside FTX should decrease overall, since there are also reasons to increase it now.)
Another consideration is that we should pay more than the benefits, to account for fraud that isn’t caught.
Both good points.