I think this criticism be extended beyond cryptocurrency, to Social Media. Specifically, EA is heavily reliant on funding from Dustin Moskovitz, co-founder Facebook. (I’m fairly ignorant as to details of Moskovitz’s finance, I believe he still owns shares in Meta and so has at least some controlling interest in the company, but I could be off-base here)
Social media is criticised for a lot of things, but here I’m just going to link the following article, because it’s recent, and because it seems topical to a lot of EA global health/development stuff: Meta faces $1.6bn lawsuit over Facebook posts inciting violence in Tigray war.
There’s a story here that goes ‘Man who’s made billions in technology that significantly damages social and political institutions, including spreading misinformation about elections, covid, vaccines, and allowing people to spread abuse and incite violence, now wants to use that money for the good of society ’. And to the degree that you think that’s true, you might think that the harms done by Meta outweigh the good done by Open Philanthropy.
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There’s a critique of EA, that goes ‘EA is more focused on individual donations than systemic change’. I used to think this was off-base, because there’s plenty of EAs who want to do system-changing things, like advocate for animal welfare laws, or work in government policy.
Now I read this criticism more like:
“By relying on one or two extremely rich donors for a large portion of EA funding, EA is less likely to be advocate for the kind of systemic change that would be harmful to the financial interests of these donors”,
or (and I’m thinking of crypto and social media here:)
“By relying on one or two extremely rich donors who’ve made their fortunes in ‘disruptive’ technology, EA is less likely to be critical of the harms that these technologies do to the world”.
And I actually think that’s quite a valid criticism.
This is the first time I’m hearing about this. Am I right in understanding that EA has got involved with not one, but two crypto billionaires who are on the wrong side of the law?
Wikipedia link in the original quote is broken btw.