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<\/div>Effecting Change<\/h2>
The disgraced former head of the crypto exchange FTX, Sam Bankman-Fried, built his formidable public persona on the idea that he was a new type of ethical crypto exec. In particular, he was a vocal proponent of \"effective altruism\" — the vague-but-noble concept of using data to make philanthropic giving as targeted and helpful as possible.<\/p>
But in a direct message, Vox<\/em>'s Kelsey Piper asked Bankman-Fried<\/a> if the \"ethics stuff\" had been \"mostly a front.\"<\/p> Bankman-Fried's reply: \"Yeah.\"<\/p> \"I mean that's not *all* of it,\" he wrote. \"But it's a lot.\"<\/p> If the concept of becoming rich to save the world strikes you as iffy, you're not alone — and it appears that even Bankman-Fried himself knows it.<\/p> When Piper observed that Bankman-Fried had been \"really good at talking about ethics\" while actually playing a game, he responded that he \"had to be\" because he'd been engaged in \"this dumb game we woke Westerners play where we say all the right shibboleths and everyone likes us.\"<\/p> Next time you're thinking of investing in crypto, maybe it's worth taking a moment to wonder whether the person running the next exchange might secretly be thinking the same thing.<\/p> More on effective altruism: <\/strong>Elon Musk Hired A Professional Gambler to Manage His Philanthropic Donations<\/em><\/a><\/p> The post Sam Bankman-Fried Admits the \"Ethics Stuff\" Was \"Mostly a Front\"<\/a> appeared first on Futurism<\/a>.<\/p> See the original post: <\/p> Sam Bankman-Fried Admits the \"Ethics Stuff\" Was \"Mostly a Front\"<\/a><\/p>","protected":false},"excerpt":{"rendered":" Effecting Change The disgraced former head of the crypto exchange FTX,\u00a0Sam Bankman-Fried, built his\u00a0formidable public persona on the idea that he was a new type of ethical crypto exec. In particular, he was a vocal proponent of \"effective altruism\" \u2014 the vague-but-noble concept of using data to make philanthropic giving as targeted and helpful as possible. But in a direct message, Vox 's Kelsey Piper asked Bankman-Fried if the \"ethics stuff\" had been \"mostly a front.\" Bankman-Fried's reply: \"Yeah.\" \"I mean that's not *all* of it,\" he wrote. Continue reading Truth Be Told<\/h2>