A lottery seems most reasonable to me. E.g.: keep selecting random individuals who haven’t gotten their money back; pay them (maybe up to some high cap?); repeat until you’ve paid out a total of ~$200M.
I’m not sure if it’s that simple. It seems quite likely that with a lottery there would be at least a few cases of relatively rich people (say people who had >$200k and lost $100k of it on FTX) getting paid back. This would inevitably lead to (justified) anger and complaints from people who were left much worse off (e.g. those who only had $10k and lost all of it). Maybe it needs to be means tested for hardship? It would take a lot more work, but perhaps there could be an application process and vetting by an independent (from EA) panel? That would still be open to manipulation though I guess (e.g. people shouting the loudest on social media).
I’d vote for an algorithm that is transparent and has limited if any discretion. Maybe the end result would be somewhat suboptimal to discretionary independent-panel vetting, but it would be critical that the process be seen as fair.
Plus, a complicated procedure will eat up a lot of the funds intended for victims, unless you think the EA community should both return any FTX money and pay for an involved claims process. That goes beyond mere disgorgement.
A lottery seems most reasonable to me. E.g.: keep selecting random individuals who haven’t gotten their money back; pay them (maybe up to some high cap?); repeat until you’ve paid out a total of ~$200M.
I’m not sure if it’s that simple. It seems quite likely that with a lottery there would be at least a few cases of relatively rich people (say people who had >$200k and lost $100k of it on FTX) getting paid back. This would inevitably lead to (justified) anger and complaints from people who were left much worse off (e.g. those who only had $10k and lost all of it). Maybe it needs to be means tested for hardship? It would take a lot more work, but perhaps there could be an application process and vetting by an independent (from EA) panel? That would still be open to manipulation though I guess (e.g. people shouting the loudest on social media).
I’d vote for an algorithm that is transparent and has limited if any discretion. Maybe the end result would be somewhat suboptimal to discretionary independent-panel vetting, but it would be critical that the process be seen as fair.
Plus, a complicated procedure will eat up a lot of the funds intended for victims, unless you think the EA community should both return any FTX money and pay for an involved claims process. That goes beyond mere disgorgement.