I am confident that the community can still do good work to mitigate risks of future situations. I’m just skeptical about the extent to which people/organizations who have significant legal exposure to the FTX situation should be involved in making those decisions. I suppose whatever decisions were made could be revised 5-7 years down the road when everyone could speak freely.
That raises the question of how to get buy-in from the affected people/organizations. Although I’m generally skeptical of funders using their power too heavily, this may be the sort of thing that should be coming in part from major funders. Most grants come with strings, including strings relating to risk management and governance issues.
I’m not opposed to funders dictating appropriate risk management and governance conditions on their grants, although they should consult with non-conflicted members of the community before establishing such a practice. Although I’m a small-potatoes donor, it is really important to me that my donations go to the intended purposes rather than paying for consequences of bad governance. (Not saying that will happen in this case, but it is a risk.) I think it’s reasonable for other donors to have that expectation as well.
I am confident that the community can still do good work to mitigate risks of future situations. I’m just skeptical about the extent to which people/organizations who have significant legal exposure to the FTX situation should be involved in making those decisions. I suppose whatever decisions were made could be revised 5-7 years down the road when everyone could speak freely.
That raises the question of how to get buy-in from the affected people/organizations. Although I’m generally skeptical of funders using their power too heavily, this may be the sort of thing that should be coming in part from major funders. Most grants come with strings, including strings relating to risk management and governance issues.
I’m not opposed to funders dictating appropriate risk management and governance conditions on their grants, although they should consult with non-conflicted members of the community before establishing such a practice. Although I’m a small-potatoes donor, it is really important to me that my donations go to the intended purposes rather than paying for consequences of bad governance. (Not saying that will happen in this case, but it is a risk.) I think it’s reasonable for other donors to have that expectation as well.