[ipsum2]

FTX was obviously a ponzi scheme, as described half a year ago here: https://www.bloomberg.com/news/articles/2022-04-25/sam-bankm... by a very well-respected financial columnist (Matt Levine)

> I think of myself as like a fairly cynical person. And that was so much more cynical than how I would've described farming. You're just like, well, I'm in the Ponzi business and it's pretty good.

If effective altruists with their superior analytical abilities can't figure out that the money they're getting is fraudulent, how do you expect them to make rational decisions on what charities are most effective?