Imagine being giddy because if BTC and ETH can just plunge a bit more they can catch up to your slave ship investments:
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There it is. I was starting to worry about you.
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In all seriousness if you think this is the end of crypto and somehow proves your decade long thesis that crypto is a worthless scam then now seems like an excellent spot to bet on it while we arenât anywhere near 0.
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I am betting on it by not buying any. Itâs worked ok so far. As many people have explained itt, shorting a volatile asset is a shitload of risk.
And if you actually read the thread I explicitly have said a bunch of times I donât think itâs going to zero. Thatâs a strawman people like you always throw in.
Crypto skeptics itt looking at $500k monkey JPEGs: Guys you know this is a ponzi scheme, right? Youâre all just having fun riding the mania right? Cool.
Crypto bros: So youâre saying all crypto is going to zero? Well why donât you bet on it then if youâre so smart? Huh?
Lots of crypto ponzi schemes have already gone busto, as some of us predicted to much mockery and derision during the heady âWeâre rewriting the rules of money and finance!â days of 9 months ago. Many more to come Iâm sure.
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It doesnât necessarily work like that because âsaving a life in a rich country is substantially more important than saving a life in a poor countryâ is a tenet of many EAs. Also, nonprofits make budgets around grants promised, so not only might you not feed any Sudanese kids, but that fabulous staff you hired to realize your vision are now looking through the jobs listings in the classifieds.
Edit: the quote above comes from the CEO of FTXâs philanthropic arm.
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Did you miss a ânotâ in there? The reason EA is radical is because it follows the natural consequences of treating all lives as equally valuable. Peter Singerâs âFamine, Affluence, and Moralityâ is usually cited as the founding text.
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Sounds like a weird quote, but I could see it potentially argued by a consequentialist if they believe that the rich person will have a happier life than the poor person.
However, thatâs the opposite of the advice of people like Singer, who say that itâs much more cost effective to do good in poor countries than rich countries.
Theyâd have to be pretty fuckin happy. It isnât a 1:1 comparison (1 rich life or one poor life) but like 1:1000 or something like that.
Yeah I donât think itâs a good argument
Well, things have changed, and you can decide for yourself if theyâve evolved or devolved, into âlongtermismâ which suggests that alleviating the suffering of the billions of lives to come is more more important than doing so for those already here.
I saw a book on this the other day. âWhat We Owe the Futureâ or something like that. But the most thorough review on Amazon made it sound like I wouldnât like it.
We should strive improve the lives of people in the past imo
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Well, that one was written by another founder of FTXâs charitable arm.
Juding crypto or EA or whatever because SBF was a criminal doesnât make a lot of sense to me. Thatâs what bothers me about the pile on here. Itâs trying to turn all the participants into SBF which they arenât.
Pretty sure Iâm on record more than a year ago saying there needs to be more stringent regulation on this shit. The fact there has been none in that time period means a SBF situation was inevitable.
Crypto as a thing is here to stay. No it may not be something that transforms the future but the people coming here to spike the football as if they are somehow validated are wrong. I mean does anyone here not see BTC/ETH as a thing 5 years from now? Do people really think this space will be abandoned completely? Or course not because there still is demand. There likely will be for the forseeable future. Maybe that doesnât mean 1M BTC or 100K ETH but acting like this is the end is silly self serving nonsense imo.
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Blockchain is still a favourite to have a significant impact on the future.
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Agreed. It probably wonât be what it is now in 10 years but really what is?
Effective altruism seems to be a utilitarian idea that if you donate enough money after the fact, you can be a neoliberal capitalist and still be a good person. Which kinds of sounds like if you donate enough money to womenâs causes after the fact, you can rape and still be a good person.
Iâm fine with dogpiling on utilitarians and on neoliberal capitalists and using SBF against them.
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How good could the legal advice heâs getting be if he hasnât already fled to a non-extradition jurisdiction?