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FTX Future Fund

ftxfuturefund.org

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Re: FTX Future Fund

#11

Post by exdsq »

wmf wrote: post #9
exdsq wrote: post #8

Earlier quoted context omitted.

No. I have some mutual acquaintances with the owner through effective altruism and I've heard good things. It's pretty insane that he left Jane Street to try make more money to give to effective charities and now at 29 is worth $22.5 Billion! So they have the money to spend on these things and the fact he's running a future fund makes total sense based on what his original goals were.

Where did that money come from, though? People getting margin called on their life savings? Update: I assume the majority of SBF's net worth is from FTX not Alameda, so my question is where does FTX's money come from. I assume it's from wrecking retail traders.

Crypto trading with his own money and then his own fund. I believe it was Alameda Research which is still going. Basically a bunch of young Jane Street/MIT/Stanford mathematicians who've made a killing. You can read a little more about it here: https://80000hours.org/stories/sam-bankman-fried/

Re: FTX Future Fund

#12

Post by bena »

oldstrangers wrote: post #3

Anyone else oddly skeptical of FTX? They seemingly came out of no where with ungodly amounts of money, and began slapping their name on anything and everything.

I first heard about them when they began to sponsor a Magic: the Gathering related podcast and about a month(?) later, they're everywhere.

But I'm wary of the crypto space in general. A lot of bad faith actors.

Re: FTX Future Fund

#13

Post by exdsq »

babyshake wrote: post #10

The "Project Ideas" section has next to nothing regarding energy. Surprising given the focus on "humanity's long-term prospects".

Energy is a very important problem but also one that is heavily funded and researched. It makes more sense to focus on underfunded issues that offer a high reward. I argue that energy should be more funded for what it's worth, but climate change and renewable energy sources aren't that popular in effective altruism circles.

Re: FTX Future Fund

#14

Post by exdsq »

If people are interested in where these ideas come from, please look at these links:

https://www.givingwhatwecan.org

https://80000hours.org

https://www.effectivealtruism.org

If you're thinking about how you can contribute more than you currently are but don't want to leave a comfy FAANG job, I highly recommend reading a little about giving what we can. Disclaimer: I pledged with GWWC and am involved in some EA groups.

Re: FTX Future Fund

#15

Post by solean »

wmf wrote: post #6
dkasper wrote: post #5

Earlier quoted context omitted.

There’s incredible amounts of capital going into the crypto industry and FTX is one of the biggest players. There may be some froth but they seem like one of the least shady players in the space to me.

The question is how and why FTX became big given that BitMEX already existed.

Bitmex is very much a niche exchange, it only offers a handful of perps. FTX will let you trade pretty much any thing you can think of (crypto perps/spot, stocks, political elections, etc.)

Re: FTX Future Fund

#16

Post by y0ssar1an »

textbook greenwashing. if they want to make the world a better place, shut down FTX and stop enabling the insane, planet incinerating, fraud enabling, money laundering, rogue regime financing, fake tech breakthrough called "crypto". crypto companies like FTX should be viewed with the same disdain as Big Oil and Big Tobacco. this is like investing with ExxonMobil to stop climate change. don't fall for it.

https://corporate.exxonmobil.com/Sustainability/Environmenta...

https://www.bbc.com/news/world-asia-60281129

Re: FTX Future Fund

#17

Post by seibelj »

y0ssar1an wrote: post #16

textbook greenwashing. if they want to make the world a better place, shut down FTX and stop enabling the insane, planet incinerating, fraud enabling, money laundering, rogue regime financing, fake tech breakthrough called "crypto". crypto companies like FTX should be viewed with the same disdain as Big Oil and Big Tobacco. this is like investing with ExxonMobil to stop climate change. don't fall for it. https://corp…

No post body was provided.

Re: FTX Future Fund

#18

Post by [deleted] »

y0ssar1an wrote: post #16

textbook greenwashing. if they want to make the world a better place, shut down FTX and stop enabling the insane, planet incinerating, fraud enabling, money laundering, rogue regime financing, fake tech breakthrough called "crypto". crypto companies like FTX should be viewed with the same disdain as Big Oil and Big Tobacco. this is like investing with ExxonMobil to stop climate change. don't fall for it. https://corp…

[deleted]

Re: FTX Future Fund

#19

Post by coldpie »

exdsq wrote: post #13
babyshake wrote: post #10

The "Project Ideas" section has next to nothing regarding energy. Surprising given the focus on "humanity's long-term prospects".

Energy is a very important problem but also one that is heavily funded and researched. It makes more sense to focus on underfunded issues that offer a high reward. I argue that energy should be more funded for what it's worth, but climate change and renewable energy sources aren't that popular in effective altruism circles.

> but climate change and renewable energy sources aren't that popular in effective altruism circles

What.

Re: FTX Future Fund

#20

Post by exdsq »

coldpie wrote: post #19
exdsq wrote: post #13

Earlier quoted context omitted.

Energy is a very important problem but also one that is heavily funded and researched. It makes more sense to focus on underfunded issues that offer a high reward. I argue that energy should be more funded for what it's worth, but climate change and renewable energy sources aren't that popular in effective altruism circles.

> but climate change and renewable energy sources aren't that popular in effective altruism circles What.

Check out some of the fund breakdowns and look at how much is spent on climate change and renewable energy

https://funds.effectivealtruism.org

https://www.givewell.org/maximum-impact-fund

The common argument is that the best way to try and make an impact on climate change is to fund lobbyists to make change at governmental levels https://www.theatlantic.com/newsletters/archive/2021/12/most...

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