The blow-up of FTX has raised hard questions. Was he motivated by the movement’s goals? Why did its leading lights not see this coming? And what now for effective altruism?
Save time by listening to our audio articles as you multitaskWhat would he do, Mr Cowen continued, if given the choice between two options. One doubles the number of worlds in existence; the other wipes out our world and any others. Mr Bankman-Fried ummed and ahhed. Mr Cowen noted he could repeatedly offer the same options, surely wiping out the world by the end of the game.
causes at the time of his downfall. The blow-up has raised hard questions. Was he motivated by the movement’s goals? Why did its leading lights not see this coming? And what now for effective altruism? Until recently, even the most ardent critic would have said effective altruism was a pretty harmless one. The downfall of Mr Bankman-Fried, who has been apparently dedicated to the cause since his time at university, has led to a reckoning. Not only has effective altruism lost its wealthiest backer; its reputation has been tarnished by association.
The crypto boom of 2020 and 2021 propelled Mr Bankman-Fried’s wealth and status. At his peak, he was worth $26bn, making him effective altruism’s richest big donor, at least on paper . His rise preceded Mr MacAskill’s latest book, “”, which was published in August. This made the case for “long-termism,” a view that emphasises the fact most human lives will be in the future. As Mr MacAskill writes, “distance in time is like distance in space.
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