Maybe the next statement from SBF will be something like âYeah I siphoned off an obscene amount of $ through unknown backdoors and jetted off to South America but I had to! Effective altruism is my top priority and I had to secure funds to be used for good while FTX hit a rough patch. Wait until you see what I, an altruist, have planned for this money!â and the wait begins
Are you laughing at these tweets or agreeing with them?
Mostly agreeing.
EA seems dumb.
But but butâŚ. Something something, the regular stock market is tanking tooâŚ. Argle bargle
I think both his parents are law profs at Stanford. Iâm sure heâs covered on the legal end of things.
What is EA in this context? The acronym stands for six thousand different things. Type things out, people. I canât read minds.
grimes is elonâs banker too? this is just like ftx!
Effective altruism
Oh, of course. Right on the tip of my tongue.
I literally didnât know who SBF was a week ago. But I knew what EA was in this tweet because effective altruism keeps coming up around this saga.
So why is FTX bad for the EA (Effective Altruism) community? Were they investing with him, or are they just ashamed they associated with and took money from him?
Nobody who actually knows shit ever says, âI donât believe in booksâ.
Thatâs the kind of thing said by people who think they know better than everyone else in the world, on any subject they put their mind to for a few minutes, because theyâre really good at certain kinds of puzzle solving.
Itâs like I was the first time I played NLHE. I thought, âThese people at the table donât look that smart, I bet I can figure this out on the fly.â Then I read a real poker book and instantly realized I was a fucking idiot.
Itâs the kind of thinking that results in Elon believing no one else at twitter has ever thought of his brilliant business ideas. Because heâs so much smarter than them, he can discount everything they tell him about why it wonât work.
These people only finally learn when the real world hits them in the face. There is no other way.
No idea. But I canât imagine they like being associated with a scandal. Also he may have made some commitments that they were banking on.
Itâs not great when one of your most vocal advocates turns out to be a scam artist.
Weâll, among other things ftx was funding a lot of EA stuff.
idk, if Iâm feeding children in South Sudan some shady crypto bro wants to throw money at me, I ainât saying no. And if it blows up later, oh well. At least I got some kids fed.