It boggles my brain that someone can call themselves an Effective Altruist and be promoting NFTs and crypto grabage (and it’s not just SBF, e.g. Peter Singer & TLYCS NFT auction).
SBF especially was promoting risky speculative financial assets to the unsophisticated retail investor, using celebs and superbowl half-time ads. Add the carbon emissions and by every calculation this whole project was a net-negative endeavour.
Hi Mohammad—apologies for the delay in my response.
I understand how you feel. It was easy to get caught up in the opportunities to get lots of money to tackle the suffering and pressing problems in the world. But, retrospectively I think this was a big mistake on their part and everyone involved in EA needs to take a serious look at their approach to risk.
Hopefully, we can avoid falling into this trap again in the future.
It boggles my brain that someone can call themselves an Effective Altruist and be promoting NFTs and crypto grabage (and it’s not just SBF, e.g. Peter Singer & TLYCS NFT auction).
SBF especially was promoting risky speculative financial assets to the unsophisticated retail investor, using celebs and superbowl half-time ads. Add the carbon emissions and by every calculation this whole project was a net-negative endeavour.
I’m confused by how this relates to Gemma’s post?
Just wanting to express my shared disappointment with how parts of this community embraced crypto/ gambling etc. as Gemma points out in her post.
Hi Mohammad—apologies for the delay in my response.
I understand how you feel. It was easy to get caught up in the opportunities to get lots of money to tackle the suffering and pressing problems in the world. But, retrospectively I think this was a big mistake on their part and everyone involved in EA needs to take a serious look at their approach to risk.
Hopefully, we can avoid falling into this trap again in the future.