For those who care about scalable effective altruism, it’s surprising that there aren’t more proposals for using coordination technologies, AI, and knowledge networks to rate and review potential charity frauds.
While it’s important to warn about the risks of cryptocurrencies and blockchain, we also need to prevent future scams in other forms. Even if we believe that web3, defi, and other emerging technologies aren’t just iterations of the same scam, we should at least agree that there are no effective tools for identifying which projects have real open-source activity, privacy policies, links with reputable networks, whistleblower protections, and other features that could be used to measure and identify weaknesses that lead to fraud. Ignoring this issue and prioritizing the promise of fast riches for fast altruism will only lead to repeating the same historical mistakes. However, such an AI would probably not rank EA organizations highly either.
If one of the main motivations for effective altruism is to challenge traditional, ineffective ways of doing things, such as bureaucracy, mismanagement, passivity, and established procedures, and to differentiate itself from the world of charity and its connection to the establishment, especially in societies like the UK, then traditional institutional experience by older persons won’t be enough. I would argue that a better goal would be identifying what is not working and must be worked on in relation to learning about and fighting fraud, including developing better tools to do so.
To truly go against the traditional ineffective way of doing things and create differentiation, effective altruism needs to prioritize developing new tools and approaches for addressing issues like charity fraud. This could include using coordination technologies, artificial intelligence, and knowledge networks to identify and review potential frauds, as well as working on building a community of expertsand an academic network who can help develop and implement these solutions. By focusing on innovation and tackling these challenges head-on, effective altruism can continue to set itself apart and make a real impact.