There is wisdom in this comment: for many people, following this story closely as it rapidly develops doesn’t add any value to their lives or their work.
However, I suspect it will be many months before we have a truly “final outcome.” At least as of this morning, people have enough knowledge of the situation (and the range of likely outcomes) that it should be affecting—or at least causing them to delay—decisions that need to be made in the next weeks to months. I think it is extremely likely that FTX is done for and that the bulk of Bankman-Fried’s assets are gone. It wouldn’t be responsible to ignore that likelihood in making any decisions from this time forward, unless and until the probabilities change.
People involved in managing EA organizations, people who were considering sizable donations in the near term, and people who are employed at organizations highly dependent on FTX-affiliated funding probably shouldn’t wait for a more final outcome before assessing their situations. But for those who don’t have any decisions to make in the next few weeks to months (including decisions not to change funding or operations) that could be affected by the breaking news, I think you’re absolutely correct.
There is wisdom in this comment: for many people, following this story closely as it rapidly develops doesn’t add any value to their lives or their work.
However, I suspect it will be many months before we have a truly “final outcome.” At least as of this morning, people have enough knowledge of the situation (and the range of likely outcomes) that it should be affecting—or at least causing them to delay—decisions that need to be made in the next weeks to months. I think it is extremely likely that FTX is done for and that the bulk of Bankman-Fried’s assets are gone. It wouldn’t be responsible to ignore that likelihood in making any decisions from this time forward, unless and until the probabilities change.
People involved in managing EA organizations, people who were considering sizable donations in the near term, and people who are employed at organizations highly dependent on FTX-affiliated funding probably shouldn’t wait for a more final outcome before assessing their situations. But for those who don’t have any decisions to make in the next few weeks to months (including decisions not to change funding or operations) that could be affected by the breaking news, I think you’re absolutely correct.