Effective Altruism as practiced by these guys is literally what the saying - The Road to Hell is Paved with Good intentions' originated from. The proper full translation from French is more like : "Hell is full of good intentions. Heaven is full of good acts."
crypto is not a currency it depends on the US dollar - it is basically just investing money in nothing - i remember when i told people crypto was a scam they attacked me viciously
Crypto's actual pin is it's ability to facilitate money laundering. Something it's very good at considering how much money got dumped into it from clean markets.
It is naturally correlated to the dollar since it has become a speculation vehicle for many but Bitcoin doesn't technically depend on anything and has value to those that understand that concept. Saying crypto is a scam is like saying football is a scam because the Patriots cheated. Bitcoin and blockchain themselves as technologies are very secure and understood technically while providing value to many around the world and have never directly been the cause of misappropriated funds (speaking to Bitcoin only). Middle-man exchanges like Mt Gox/FTX and many others over the years are the scammers and prey on those that don't fully understand what they are buying with promises of getting rich quick.
Crypto could be thought of as a currency, in the same way I could think of a way to use grams of uranium as a currency. Thinking through the consequences of actually using either of these strictly-limited resources* as a currency is an exercise in quickly realizing the madness behind the people who pushed this as a currency for the future. Imagine trying to navigate a world where a government has literally no options to circumvent the efforts by wealthy elites to literally hoard all the money in the economy, and the effect that hoarding would have on the average person's buying power, and you're off to a good start. *In theory, crypto is just code, which makes it trivial to duplicate. In practice, crypto ecosystems, like bitcoin, deliberately code in hard limits on the amount of currency that's allowed to be generated, while also making it really easy to generate new currency early in its lifespan and significantly harder later on. This is to make sure that the early adopters, who end up with the lion's share of the crypto, sit on a stockpile of wealth that theoretically has no upper bounds, because, past a certain point, you can't just 'create more'. As for grams of uranium, well, there's only so much out there that's able to be created, and if you can generate new uranium from what we have now, you'd have a literal infinite money-printing machine awaiting you in basically any system.
yeah, it's not a currency because mostly it is not used as currency. Just because a small part of the gambling addicts trade it between them (even if for goods / services) most people use it as an asset for speculation. Would be like saying Magic The Gathering is a currency because players trade cards between them.
Too embarrassing to go to jail. I'm sure the same judge sentenced a man with a dark complexion to 20 years for stealing a loaf of bread to feed his family.
I don't think I've ever identified more with Robert, Jamie, and Sophie than in their incandescent loathing of Sam Bankman Fried (and Dickrider, of course.) Excellent work, all.
I loved them starting out like it was any other episode then increasingly just losing their will to live and desire to read anymore about this guy. Truly a schadenfreude episode for the ages.
The classic con - he portrayed himself exactly how the suckers think a techie genius must be and the worse he presented himself the more the suckers assumed it must be signs of his true genius. Also, he sucked at League of Legends. His rank was trash.
Dickrider’s article, with all its ‘war is impossible in 1914’ energy, is probably going to make it into the history books as a shorthand for the fuckery of our era.
In the 'who's affected by this?' answer, I'd like to point out their name was everywhere by the end, and a lot of regular folk had jumped onto the bottom rungs of the pyramid for the ponzi scheme by the end. Even if they didn't, there were a lot of trusted caretakers of funds and portfolios who put money into FTX to boost their clients without their direct consent. Sure, the entire cypto space is a Greater Fool farm, but a lot of those fools are small time people you know, just trying to make a few bucks for their own survival.
And that really is the worst part of all of this. If it had only been VC assholes who got rooked, I don't think anyone would care. They would have been outcheated in a game they thought they rigged beyond hazard and their pretensions shown for the self-serving delusion they were. But the guy who scraped together $50K for a down payment on a family home and then risked it on this and lost it all. This fraud has a body count is all I'm saying.
I dress like shit and play video games all the time. Shame I actually have human empathy, I could make a killing if I could stop thinking of other people as people.
I'd already learned about FTX independently and I have to say, I'm incredibly impressed with the amount of information you've gathered for this episode. Extremely accurate!
About the Selena Gomez Thing. It turns out that Selena Gomez's doctor contacted Selena when they fond out her friend was a match for Selena, Before the friend even knew she as a match. Then she goes back to drinking again after the Kidney transplant. The doctor breached the patient confidentiality agreement, i wonder if it made her feel more preasure to go through with it. I would be pissed if that happened.
so I looked this up after reading your comment because I didn't know selena gomez had such a serious drinking problem as you imply. she had lupus, so the "and she went right back to drinkinh" like drinking had something to do with why she needed a transplant is really shitty.
@@wesleywyndam-pryce5305 My comment Doesn't imply that her drinking was a reason she had a transplant. Dont put words in my mouth. What it means is this. Selena was know to drink a bit much, There are pictures and articles online of her showing up to some events and she is clearly struggling to walk. Around this time she learns about her Lupus. She had a person who was supposedly her best friend at the time or for a long time. Said friend was found to be compatible with her. The friend gave Selena a Kidney, then it is shown that she went back to drinking a lot again. Now if I gave a Kidney to someone and they went back to just drinking again Id be pissed as well.
I’m not the biggest Taylor Swift fan, but I love that she was the only celebrity who Sam Bankman-Fried approached who had a lawyer look over the company and contracts.
32:50 Like, that's not even a good argument in the terms of "Effective Altruism", like it has nothing to do with EA and is, honestly, probably meant to be more justification for it. It's a loaded question which shows that they already believe that EA is good, which it is not. The fundamental problem with EA is that it still relies and you could argue even calls to optimize the fundamental exploitation on the system which is the CAUSE of all the problems that Effective Altruism claims to be trying to stop. It's nothing more than a bunch of VCs with guilty consciences trying to justify them having more money than they know what to do with while everyone else goes without. A better analogy would be "Is it ethical to take the money meant to keep an orphanage up and running if you believe you can multiply that money and promise that, if you do, you'll give all the orphans jobs in your company when they grow up?", but, when you lay it out plainly like that, suddenly it doesn't sound so good.
I've had a similar perspective on it for a while now. Sacrificing present good for a mythologized better future when present successes are DEFINITIONALLY necessary to even get to the future is obviously jelly brained logic. Nothing wrong with looking at future existential crisis to plan solutions to, especially if those solutions take a large amount of time to implement... but if you miss a rung on the ladder 15 stories up or a 100 stories up, you're equally donezo when you hit the ground.
@@antediluvianatheist5262 Eh, I'd say more like pushing people off their land and brutally exploiting them to grow your own fortune, with the hollow promise that one day you'll grudgingly give their descendants a pittance of welfare. I do think some of the EA stuff is genuinely rich people fooling themselves. When you can afford any material possession, the only thing left to buy is validating that you're a 'special boy/girl' and that your presence in the world actively makes it a better place. That's really the problem, IMO, when you've got that much money, and are that out of touch with the problems of most people, your moral decisions start to look increasingly warped. Because they are.
@@antediluvianatheist5262It's not even that. It's stealing a million, investing it, and promising to pay your great-great-great-grandchildren a partial college scholarship so they can better maintain the machines enslaving them.
@@richardarriaga6271 it does not matter how many times you people try to dress it up. what you're actually saying is "not everyone believes in women's rights"
I think I heard someone say something similar, but; Effective Altruism sounds a lot like a rebrand of Objectivism for people who don't want to openly appear selfish.
Here is a (very well) educated guess of what happened at the MIT "SpeakEasy": Jamie: **tells joke Them: "How can I extract the most knowledge and wisdom out of that?" (without literally saying that ofc)
I don’t know everything about Shaq, but the things I’ve heard have all been good, like paid for everyone’s shit at Walmart and playing basketball with kids and shit.
Shaq is the person I could most see having signed on to the scheme to sell unregulated securities with their reputations without understanding what it was he was endorsing. He pretty much says yes to anything.
I'm realising that all I really want anymore is an ASMR channel that just reads dickriding puff pieces about people who immediately fucked up everything in incredibly predictable fashion.
I feel the same way Farron feels about sasquatches, but with Aliens! For sure alien life exists outside of Earth, but I dont think we've encountered any. I also really really want it to be true, but pretty sure these UFO videos are just birds... 😔
You joke that Michael Lewis was just impressed by SBF's approach to effective altruism, but turns out that's exactly what happened. Dude swallowed SBF's shit hook, line, and sinker.
20:39 Wait, who *didn't* weigh arguments around the abortion debate at age 12? That was a formative moment in my childhood, and I grew up solidly middle class.
46:50 Everything up to "Make a shitload of money in crypto" *could* have made sense. That was the point at which he went off the rails even from the point of view of a geeky atheist utilitarian nerd.
I can't wrap my head around the idea of families deciding to debate the most contentious issues possible and inviting each other to share their hot takes. Like, that's the kind of thing you do on a date that's already crashing and burning. You don't do it with people you're going to have to look in the eye the next day.
@FTZPLTC you do when you are in a position where these are ideas you can discuss without personal investment. They can discuss these things over dinner without fear of having long-lasting grudges because they're not going to be concerned that they're going to lose any rights themselves.
@@AxionZetaOne - True, it does have the whiff of "Well, if *I* ever need an abortion, we can just take a trip to another state and do it there" about it
Look into the financials of most college ACM clubs and I bet you'll see the same faulty accounting and egregious spending habits that SBF and his buddies have. Trust me my chapter never fundraised and somehow still managed to order 10-15 dominos pizzas every meeting.
Robert might be interested in the similar gambling advice that James Stephanie Sterling gives, a strategy called "crabby granny drinky winky" where they go to a casino in I think at the time Mississippi with a free crab buffet and sit at the slots with all the old ladies eating free crab and drinking free drinks as they press the slots buttons Very Slowly lmfao
Like you can't take a risk-neutral option, you either take on risk or you don't. Risk-neutral just means, all else being equal, you don't care about risk. For example, lets say you can pay $0.50 to do a coin flip, heads you get $1.00 tails you get $0. From an expected value perspective both those options are the same, the EV is $0.50. However they are clearly different bets, the flip involves risk, not betting doesn't. So if you are risk-averse you rather would keep your $0.50c if you are risk seeking you would rather take the bet, if you were risk neutral, you don't care which one you do.
YOU DON'T MAKE $1 billion HONESTLY. It's almost impossible. maybe a few artists or athletes have. arguably. jsyk, SBF didn't invent "utils". Bentham or Mill did (at least, essentially. And SBF definitely didn't invent that unit of measure for utility)
16:19 The IRS allows you to file entirely free through their online service. It requires slightly more reading because it doesn't use simplified descriptions or automatically calculate everything for you, but it's really not that complex - especially if you only have one or two sources of income and even moreso if you're single without kids.
This was not as good as others have purported it to be. You might want to make an updated one now that there's more info regarding plenty of background on him and his family.
About 13 minutes in, you can hear Robert Evans' frustration at being interrupted by his guest as he tries to push through. Just don't have guests, man, if your format is to talk at them and not have even the visual element of their reaction. I'm new to your podcasts, and have binged hours of them in the last few days, and been impressed by the willingness of everyone to self-reflect, to not speak thoughtlessly, to consider and research and acknowledge bias without being afraid to pick a side. But man, it's old already listening to you talk over the women on your show because they're less unwilling to give up the sentence they've embarked upon than the men you host, whom you seem to concede to quicker and with less irritation. That's my consistent impression, at least. And I don't think the gender difference is intentional, but I do think it's happening. In fairness, the most stark difference is between your co-host ("they say I just giggle in the background" is the audience targeting her, and not you, which isn't very fair) and the guests you've got clear pre-established friendships with (like the duo in the Kissinger episode), where you're just having a great time and a bit more willing to listen to their bits. Having someone to bounce off of is the format, but it's an odd one. "Journalist reads his articles at people who aren't necessarily informed enough to add to the conversation because that isn't the point" can be a frustrating format to listen to sometimes.
@toxsun You're right, we should never engage with behavior or individuals that we don't entirely agree with. We certainly shouldn't analyze a quantity of their work, or write about it, or discuss it with others. What would be the point? Oh, sorry, I just described the podcast itself. Weird. Look, there are times I'd agree with you, but those times are when dealing with matters of taste. Don't like pineapple on pizza, don't eat it, sure, simple. But when dealing with matters of actual import, "just don't listen" to things I don't agree with 100%? That contributes to the same attitude that Robert has elsewhere characterized as part of the defining feature of the bastards he highlights, "unshakeable confidence." I think his work is valuable enough to continue listening to it, learning through it, and in the process I've become concerned by part of it. Why throw the baby away with the bathwater? On the other hand, why insist the bathwater should be kept because there is or was a baby in it? Separating the good from the bad is a necessary critical skill. I'll continue to exercise it, thanks.
I mean clearly he's having a fun enough time if he still invites this kind of guest? Like idk why you're trying to read into his psychological profile?
Almost every single person who supports effective altruism support taxing the rich more, idk why he keeps implying this is not true. He does it like 5 times. Just not accurate
This weird bullshit does not represent utilitarians or utilitarian ethics. I'm pretty sure SBF doesn't actually understand it either. Someone just told him about the basic concept that you could try to do math with ethics to try to maximize utility, but didn't explain any of the concepts that actually bestow value, like bodily autonomy, or anything in Mazlow's Hierarchy of Needs for that matter. You mock the use of utiles as a concept, but one of the points it was used to make early on is that things that bring people joy are valuable because of that joy, not because of their associated class status. E.G: Poor people drinking beer isn't innately morally inferior to rich people drinking wine. Using expected value as his primary metric also doesn't make sense for most ethical applications. Expected value for a risk only really makes sense with volume. You can't make up for the unreliability of betting your life's savings on risky bets by doing it again and again until the wins out pay your losses. This is especially bad when the outcome has ethical value, because the consequences for failure are more dire. We usually strive to avoid the worst outcome when lives are on the line, and the availability of reliably safe options makes risky ones kinda pointless. Getting $50 is obviously better than a 50% chance at $100 if you're starving. The utility of the first one is that you do not starve to death. The utility of the second one is that you might not starve to death, and if you don't, you'll be a bit richer too. One clearly outweighs the other. The fact that the expected (monetary) values are the same does not mean that the outcomes are ethically equivalent or even similar. It's like saying we should be happy that capitalism creates so much value for shareholders because the average wealth is increasing, even if 99% of us experience none of that growth. Going back to the starving person, this actually gets worse with volume. With 2 people, option A is still 100% chance everyone lives, but option B has only a 25% chance that everyone lives, a 50% chance that only 1 person lives, and a 25% chance that both people starve. As a policy, option B is obviously worse. The fact that 25% of the time everyone lives and each has an extra $50 has nothing on the 75% chance that at least 1 person dies. It's also especially weird for someone who believes what he specifically does about abortion, that potential lives aren't the same as living people, to then conclude that his best ethical option is to do whatever is necessary to become rich enough to change the world in some way that will somehow help people that aren't born yet rather than help people who are alive right now (and incidentally improve the chances of their offspring living well anyway). Even taking his own supposed beliefs at face value, maximizing his personal wealth/power is not the best way to achieve his stated goal. He would have to think that 1] Humanity is fucking doomed if someone doesn't become fantastically wealthy, and 2] that it has to be him specifically to save us all. Otherwise it would be better to just make sure the maximum number of people grow up with the best living conditions and educations possible in hopes that someone smarter or a generation of smarter people figure out how to save our asses. Way better chances of that succeeding that just gambling until you take over the world and inevitably just make everything worse, or fail and achieve nothing.
I'm normally a fan of BTB, but this whole episode is just "we don't understand the field of Ethics, so let's mock it". (This is not a defense of Effective Altruism, which is a bullshit misuse of philosophy)
That is their entire point. They're not here to talk ethics and they assume we already know where they stand regarding that so they just laugh and move on
@@brianlynchehaun1963 no. They highlight the fact that effective altruism is obviously a bullshit misuse of philosophy but also assume that we know better so that they can focus more on the con
@@brianlynchehaun1963 No, the point is that ethics is really just a garnish for a lot of these guys who use it as a smokescreen for the fact that they're actually awful people. What someone like Sam Bankman Freed would like is for people to pause and try to work through the bullshit he spouts when it's actually without any substance as it doesn't actually predict any of his actions, since he really doesn't believe in any of it. But he knows other people do, and that's useful to his con. Unfortunately, there's not a really a concise way to take the piss out of them without catching ethical philosophy in the crossfire.
Love the part where Jaime describes the concept of your podcast as you uncomfortably cornering her at a party where she is totally disinterested and can’t escape! Perfectly describes her incessantly interrupting contribution. She really needs to understand that there is an audience for YOUR PODCAST not for her to constantly complain while making no contribution. Please let Robert tell the story Jesus she sounds the same as every sardonic incessant woman on earth
Me when you started talking about his girl friend's polyamory views: Come on Robert, do we really have to attack someone for their sexuality like that? Poly might be fringe, but we deserve a lot better attention than we usually get... *5 Seconds later* Wtf? Okay, nvm she has extremely fucked up views on relationships! I swear... this whole episode is about why SBF shares most of my interests but then takes most of them to fucked up places... Dear god.
"Don't put bags over your heads kids"
The truly life changing reporting of Robert Evans comes through again!
Effective Altruism as practiced by these guys is literally what the saying - The Road to Hell is Paved with Good intentions' originated from.
The proper full translation from French is more like : "Hell is full of good intentions. Heaven is full of good acts."
Effective Altruism is them just going "I decide what's moral and what's moral is giving me all of the resources."
I mean that would be true if those tossers had good intentions to begin with. Whether disingenuous or delusional, they cannot be taken seriously.
crypto is not a currency it depends on the US dollar - it is basically just investing money in nothing - i remember when i told people crypto was a scam they attacked me viciously
Crypto is like those commemorative plates that infomercials try to sell... just without the plate.
Crypto's actual pin is it's ability to facilitate money laundering. Something it's very good at considering how much money got dumped into it from clean markets.
It is naturally correlated to the dollar since it has become a speculation vehicle for many but Bitcoin doesn't technically depend on anything and has value to those that understand that concept. Saying crypto is a scam is like saying football is a scam because the Patriots cheated. Bitcoin and blockchain themselves as technologies are very secure and understood technically while providing value to many around the world and have never directly been the cause of misappropriated funds (speaking to Bitcoin only). Middle-man exchanges like Mt Gox/FTX and many others over the years are the scammers and prey on those that don't fully understand what they are buying with promises of getting rich quick.
Crypto could be thought of as a currency, in the same way I could think of a way to use grams of uranium as a currency.
Thinking through the consequences of actually using either of these strictly-limited resources* as a currency is an exercise in quickly realizing the madness behind the people who pushed this as a currency for the future. Imagine trying to navigate a world where a government has literally no options to circumvent the efforts by wealthy elites to literally hoard all the money in the economy, and the effect that hoarding would have on the average person's buying power, and you're off to a good start.
*In theory, crypto is just code, which makes it trivial to duplicate. In practice, crypto ecosystems, like bitcoin, deliberately code in hard limits on the amount of currency that's allowed to be generated, while also making it really easy to generate new currency early in its lifespan and significantly harder later on. This is to make sure that the early adopters, who end up with the lion's share of the crypto, sit on a stockpile of wealth that theoretically has no upper bounds, because, past a certain point, you can't just 'create more'.
As for grams of uranium, well, there's only so much out there that's able to be created, and if you can generate new uranium from what we have now, you'd have a literal infinite money-printing machine awaiting you in basically any system.
yeah, it's not a currency because mostly it is not used as currency. Just because a small part of the gambling addicts trade it between them (even if for goods / services) most people use it as an asset for speculation. Would be like saying Magic The Gathering is a currency because players trade cards between them.
Jaime Loftus might be the funniest person ever. "How many utils to kiss with tongue?" had me in stitches.
My favorite guest.
Kissing with tongue has no utils because it doesn't give SBF billions of dollars. And SBF needs all of the world's resources, it's ethics.
Too embarrassing to go to jail. I'm sure the same judge sentenced a man with a dark complexion to 20 years for stealing a loaf of bread to feed his family.
"maximizing his income on behalf of the poor" were do they think all this excess money comes from they gamble with?
I look for to the Well There's Your Problem episode on the Behind the Bastards Hyperloop
Any time it's a Jaime episode, I know I'm in for a good time. She's amazing
I don't think I've ever identified more with Robert, Jamie, and Sophie than in their incandescent loathing of Sam Bankman Fried (and Dickrider, of course.) Excellent work, all.
I loved them starting out like it was any other episode then increasingly just losing their will to live and desire to read anymore about this guy. Truly a schadenfreude episode for the ages.
The classic con - he portrayed himself exactly how the suckers think a techie genius must be and the worse he presented himself the more the suckers assumed it must be signs of his true genius. Also, he sucked at League of Legends. His rank was trash.
Dickrider’s article, with all its ‘war is impossible in 1914’ energy, is probably going to make it into the history books as a shorthand for the fuckery of our era.
In the 'who's affected by this?' answer, I'd like to point out their name was everywhere by the end, and a lot of regular folk had jumped onto the bottom rungs of the pyramid for the ponzi scheme by the end. Even if they didn't, there were a lot of trusted caretakers of funds and portfolios who put money into FTX to boost their clients without their direct consent. Sure, the entire cypto space is a Greater Fool farm, but a lot of those fools are small time people you know, just trying to make a few bucks for their own survival.
And that really is the worst part of all of this. If it had only been VC assholes who got rooked, I don't think anyone would care. They would have been outcheated in a game they thought they rigged beyond hazard and their pretensions shown for the self-serving delusion they were. But the guy who scraped together $50K for a down payment on a family home and then risked it on this and lost it all. This fraud has a body count is all I'm saying.
Getting crypto ads while listening to this is SO funny
I dress like shit and play video games all the time. Shame I actually have human empathy, I could make a killing if I could stop thinking of other people as people.
I'd already learned about FTX independently and I have to say, I'm incredibly impressed with the amount of information you've gathered for this episode. Extremely accurate!
About the Selena Gomez Thing. It turns out that Selena Gomez's doctor contacted Selena when they fond out her friend was a match for Selena, Before the friend even knew she as a match. Then she goes back to drinking again after the Kidney transplant. The doctor breached the patient confidentiality agreement, i wonder if it made her feel more preasure to go through with it. I would be pissed if that happened.
so I looked this up after reading your comment because I didn't know selena gomez had such a serious drinking problem as you imply.
she had lupus, so the "and she went right back to drinkinh" like drinking had something to do with why she needed a transplant is really shitty.
@@wesleywyndam-pryce5305 My comment Doesn't imply that her drinking was a reason she had a transplant. Dont put words in my mouth.
What it means is this. Selena was know to drink a bit much, There are pictures and articles online of her showing up to some events and she is clearly struggling to walk. Around this time she learns about her Lupus.
She had a person who was supposedly her best friend at the time or for a long time. Said friend was found to be compatible with her. The friend gave Selena a Kidney, then it is shown that she went back to drinking a lot again.
Now if I gave a Kidney to someone and they went back to just drinking again Id be pissed as well.
0:48 The woman mentioned in the pre-intro passed away earlier this month... Quality of life decision... Rest in peace, D.
I’m not the biggest Taylor Swift fan, but I love that she was the only celebrity who Sam Bankman-Fried approached who had a lawyer look over the company and contracts.
32:50 Like, that's not even a good argument in the terms of "Effective Altruism", like it has nothing to do with EA and is, honestly, probably meant to be more justification for it. It's a loaded question which shows that they already believe that EA is good, which it is not. The fundamental problem with EA is that it still relies and you could argue even calls to optimize the fundamental exploitation on the system which is the CAUSE of all the problems that Effective Altruism claims to be trying to stop. It's nothing more than a bunch of VCs with guilty consciences trying to justify them having more money than they know what to do with while everyone else goes without.
A better analogy would be "Is it ethical to take the money meant to keep an orphanage up and running if you believe you can multiply that money and promise that, if you do, you'll give all the orphans jobs in your company when they grow up?", but, when you lay it out plainly like that, suddenly it doesn't sound so good.
I've had a similar perspective on it for a while now. Sacrificing present good for a mythologized better future when present successes are DEFINITIONALLY necessary to even get to the future is obviously jelly brained logic. Nothing wrong with looking at future existential crisis to plan solutions to, especially if those solutions take a large amount of time to implement... but if you miss a rung on the ladder 15 stories up or a 100 stories up, you're equally donezo when you hit the ground.
A better analogy would be robbing people, and then giving them $20 back because they're poor.
And then calling yourself an altruist.
@@antediluvianatheist5262 Eh, I'd say more like pushing people off their land and brutally exploiting them to grow your own fortune, with the hollow promise that one day you'll grudgingly give their descendants a pittance of welfare.
I do think some of the EA stuff is genuinely rich people fooling themselves. When you can afford any material possession, the only thing left to buy is validating that you're a 'special boy/girl' and that your presence in the world actively makes it a better place.
That's really the problem, IMO, when you've got that much money, and are that out of touch with the problems of most people, your moral decisions start to look increasingly warped. Because they are.
@@antediluvianatheist5262It's not even that. It's stealing a million, investing it, and promising to pay your great-great-great-grandchildren a partial college scholarship so they can better maintain the machines enslaving them.
lol. they would have to have a conscious to have a guilty one.
Lol OH MY GOD an ad for gold hahaha
“Howling Clownshit” is my new favorite saying 43:32
man, poly can be ethical but it only ever gets in the news for crazy shit
Polyamory takes more communication than monogamy but people think it takes less. The result is a lot of drama
Surprised you managed to say _'ThE AbOrTiOn DeBaTe'_ with a serious tone
oh I hear it starting at 21:36, and rightfully so, haha
Look, not everyone, including myself, is sold on the consensus of being pro-choice. Nor are we techbros about it either.
@@richardarriaga6271 it does not matter how many times you people try to dress it up. what you're actually saying is "not everyone believes in women's rights"
1:22:00 Michael. There's always money in banana stand.
I used to live next to an MIT frat. They would invite us to their parties so we never called the cops on them.
Man the parts about how "Michael Lewis following him around was a red flag" ended up aging like pilk.
Great episode. Very humorous.
Holmes will never serve 11 years.
I am thinking she will serve 4 years .
I think I heard someone say something similar, but; Effective Altruism sounds a lot like a rebrand of Objectivism for people who don't want to openly appear selfish.
The jokes about Michael Lewis not "following SBF just because he was good at legitimately making money" have aged in a very funny way.
Here is a (very well) educated guess of what happened at the MIT "SpeakEasy":
Jamie: **tells joke
Them: "How can I extract the most knowledge and wisdom out of that?" (without literally saying that ofc)
I don’t know everything about Shaq, but the things I’ve heard have all been good, like paid for everyone’s shit at Walmart and playing basketball with kids and shit.
Shaq is the person I could most see having signed on to the scheme to sell unregulated securities with their reputations without understanding what it was he was endorsing. He pretty much says yes to anything.
37:55 Well. Turns out we were in for some kind of "treat," just not the kind anyone could have predicted.
I'm realising that all I really want anymore is an ASMR channel that just reads dickriding puff pieces about people who immediately fucked up everything in incredibly predictable fashion.
It's a growth market
@@williamchamberlain2263that's what she said
52:40 Ah, I remember doing this in Fable 1 but just buying and selling the same stock back to him forever lol
14:25 I usually agree with you on matters like this, but the first video game was made at Stanford
"I'm not going to go into details, this article spends a lot of time writing about how he figures this out" LMAO
Yooou’re an SBF! 🤘😖🤘
😆
I feel the same way Farron feels about sasquatches, but with Aliens!
For sure alien life exists outside of Earth, but I dont think we've encountered any.
I also really really want it to be true, but pretty sure these UFO videos are just birds... 😔
A duck!
I got an ad for an exclusive, luxury crypto token while watching this
You joke that Michael Lewis was just impressed by SBF's approach to effective altruism, but turns out that's exactly what happened. Dude swallowed SBF's shit hook, line, and sinker.
hell yes DBZ mention
I like the Safeway idea better.
20:39 Wait, who *didn't* weigh arguments around the abortion debate at age 12? That was a formative moment in my childhood, and I grew up solidly middle class.
46:50 Everything up to "Make a shitload of money in crypto" *could* have made sense. That was the point at which he went off the rails even from the point of view of a geeky atheist utilitarian nerd.
Yeah I was doing that too and wound up being a communist who thinks people who argue against this should probably hang.
I can't wrap my head around the idea of families deciding to debate the most contentious issues possible and inviting each other to share their hot takes. Like, that's the kind of thing you do on a date that's already crashing and burning. You don't do it with people you're going to have to look in the eye the next day.
@FTZPLTC you do when you are in a position where these are ideas you can discuss without personal investment.
They can discuss these things over dinner without fear of having long-lasting grudges because they're not going to be concerned that they're going to lose any rights themselves.
@@AxionZetaOne - True, it does have the whiff of "Well, if *I* ever need an abortion, we can just take a trip to another state and do it there" about it
Lol lol, I love the Dragon Ball analogy even though I think it's a dumb cartoon.
However, if Ben Affleck's Divorce power is over 9000, Elon is Cell.
This is just another example of how being rich and connected does not necessarily mean you have intelligence.
Crypto isn't anything other than a purely speculative asset made of nothing but hype.
It's like MLMs, a "bigger fool" scam. It's not currency.
Utilitarianism sounds like how sociopaths navigate the world.
Boy, that 'The Big Short guy' segment certainly aged like milk
I am still relieved to not be living in Silicon Valley, anymore.
I was not expecting Harry Potter House *racial caste system* when viewing this episode on Scam Banking Fraud.
it does effect the real economy
Yeah except the decentralize people just want to give power to corporations.
Look into the financials of most college ACM clubs and I bet you'll see the same faulty accounting and egregious spending habits that SBF and his buddies have. Trust me my chapter never fundraised and somehow still managed to order 10-15 dominos pizzas every meeting.
Sam is guilty on all counts
As someone who still plays LoL. Objectively bad game made of spaghetti string and balanced to sell you a new character every few months
Bahhahhaaa I got a ron paul gold commercial. Washington state parol, don't be jealous.
The hard drives that hold those ads need some macheticine.
The beanie baby's guy also paid fines that exceeded 3 times the taxes he'd tried to evade. Honestly i think that's appropriate..
I for one refer to Robert as the jesus christ of podcasting
Robert might be interested in the similar gambling advice that James Stephanie Sterling gives, a strategy called "crabby granny drinky winky" where they go to a casino in I think at the time Mississippi with a free crab buffet and sit at the slots with all the old ladies eating free crab and drinking free drinks as they press the slots buttons Very Slowly lmfao
That's a really terrible description of risk preferences.
Like you can't take a risk-neutral option, you either take on risk or you don't. Risk-neutral just means, all else being equal, you don't care about risk. For example, lets say you can pay $0.50 to do a coin flip, heads you get $1.00 tails you get $0. From an expected value perspective both those options are the same, the EV is $0.50. However they are clearly different bets, the flip involves risk, not betting doesn't. So if you are risk-averse you rather would keep your $0.50c if you are risk seeking you would rather take the bet, if you were risk neutral, you don't care which one you do.
Video actually starts at 6:30. Everything before that is completely unrelated.
Guys the most ethical thing is to give me all of the money.
Jean Renoir
YOU DON'T MAKE $1 billion HONESTLY. It's almost impossible. maybe a few artists or athletes have. arguably.
jsyk, SBF didn't invent "utils". Bentham or Mill did (at least, essentially. And SBF definitely didn't invent that unit of measure for utility)
JK Rowling became a billionaire through real estate
"Tom Brady (Super Saiyan Divorced) Has Hit the World Trade Center"
New nonsense grindcore band
Shaq Fu!!!
40:10 did that hack just try to explain Year 7 probability _mid sentence?_
16:19 The IRS allows you to file entirely free through their online service. It requires slightly more reading because it doesn't use simplified descriptions or automatically calculate everything for you, but it's really not that complex - especially if you only have one or two sources of income and even moreso if you're single without kids.
beanie babies was ONE PERSON?
Robert is over his guests within the first 5 minutes and so am I lol
This was not as good as others have purported it to be. You might want to make an updated one now that there's more info regarding plenty of background on him and his family.
👍
I agree with everything in this except the specific american brand of anti intellectualism. French people watch french movies
About 13 minutes in, you can hear Robert Evans' frustration at being interrupted by his guest as he tries to push through.
Just don't have guests, man, if your format is to talk at them and not have even the visual element of their reaction. I'm new to your podcasts, and have binged hours of them in the last few days, and been impressed by the willingness of everyone to self-reflect, to not speak thoughtlessly, to consider and research and acknowledge bias without being afraid to pick a side.
But man, it's old already listening to you talk over the women on your show because they're less unwilling to give up the sentence they've embarked upon than the men you host, whom you seem to concede to quicker and with less irritation.
That's my consistent impression, at least. And I don't think the gender difference is intentional, but I do think it's happening. In fairness, the most stark difference is between your co-host ("they say I just giggle in the background" is the audience targeting her, and not you, which isn't very fair) and the guests you've got clear pre-established friendships with (like the duo in the Kissinger episode), where you're just having a great time and a bit more willing to listen to their bits.
Having someone to bounce off of is the format, but it's an odd one. "Journalist reads his articles at people who aren't necessarily informed enough to add to the conversation because that isn't the point" can be a frustrating format to listen to sometimes.
You are literally the meme that "the left hates the left more than anyone".
Then just don't listen. Simple as that.
@toxsun You're right, we should never engage with behavior or individuals that we don't entirely agree with. We certainly shouldn't analyze a quantity of their work, or write about it, or discuss it with others. What would be the point?
Oh, sorry, I just described the podcast itself. Weird.
Look, there are times I'd agree with you, but those times are when dealing with matters of taste. Don't like pineapple on pizza, don't eat it, sure, simple. But when dealing with matters of actual import, "just don't listen" to things I don't agree with 100%? That contributes to the same attitude that Robert has elsewhere characterized as part of the defining feature of the bastards he highlights, "unshakeable confidence." I think his work is valuable enough to continue listening to it, learning through it, and in the process I've become concerned by part of it. Why throw the baby away with the bathwater? On the other hand, why insist the bathwater should be kept because there is or was a baby in it? Separating the good from the bad is a necessary critical skill. I'll continue to exercise it, thanks.
@@toxsunAh, yes, an argument analogue to "just ignore the bastards and not talk about them", right?
I mean clearly he's having a fun enough time if he still invites this kind of guest? Like idk why you're trying to read into his psychological profile?
Almost every single person who supports effective altruism support taxing the rich more, idk why he keeps implying this is not true. He does it like 5 times. Just not accurate
Mind you, how much do the ethical altruism groups spend on lobbying for it?
Robert was super annoying this episode, regularly interrupting Jamie to say some of the blandest shit ever about the issue.
if only the man wouldn't interrupt and talk over the woman all the time..I've given up
that jk Rowling comment there at the end was unnecessary, please one bad person at a time.
This weird bullshit does not represent utilitarians or utilitarian ethics. I'm pretty sure SBF doesn't actually understand it either. Someone just told him about the basic concept that you could try to do math with ethics to try to maximize utility, but didn't explain any of the concepts that actually bestow value, like bodily autonomy, or anything in Mazlow's Hierarchy of Needs for that matter.
You mock the use of utiles as a concept, but one of the points it was used to make early on is that things that bring people joy are valuable because of that joy, not because of their associated class status. E.G: Poor people drinking beer isn't innately morally inferior to rich people drinking wine.
Using expected value as his primary metric also doesn't make sense for most ethical applications. Expected value for a risk only really makes sense with volume. You can't make up for the unreliability of betting your life's savings on risky bets by doing it again and again until the wins out pay your losses. This is especially bad when the outcome has ethical value, because the consequences for failure are more dire. We usually strive to avoid the worst outcome when lives are on the line, and the availability of reliably safe options makes risky ones kinda pointless.
Getting $50 is obviously better than a 50% chance at $100 if you're starving. The utility of the first one is that you do not starve to death. The utility of the second one is that you might not starve to death, and if you don't, you'll be a bit richer too. One clearly outweighs the other. The fact that the expected (monetary) values are the same does not mean that the outcomes are ethically equivalent or even similar. It's like saying we should be happy that capitalism creates so much value for shareholders because the average wealth is increasing, even if 99% of us experience none of that growth.
Going back to the starving person, this actually gets worse with volume. With 2 people, option A is still 100% chance everyone lives, but option B has only a 25% chance that everyone lives, a 50% chance that only 1 person lives, and a 25% chance that both people starve. As a policy, option B is obviously worse. The fact that 25% of the time everyone lives and each has an extra $50 has nothing on the 75% chance that at least 1 person dies.
It's also especially weird for someone who believes what he specifically does about abortion, that potential lives aren't the same as living people, to then conclude that his best ethical option is to do whatever is necessary to become rich enough to change the world in some way that will somehow help people that aren't born yet rather than help people who are alive right now (and incidentally improve the chances of their offspring living well anyway). Even taking his own supposed beliefs at face value, maximizing his personal wealth/power is not the best way to achieve his stated goal.
He would have to think that 1] Humanity is fucking doomed if someone doesn't become fantastically wealthy, and 2] that it has to be him specifically to save us all. Otherwise it would be better to just make sure the maximum number of people grow up with the best living conditions and educations possible in hopes that someone smarter or a generation of smarter people figure out how to save our asses. Way better chances of that succeeding that just gambling until you take over the world and inevitably just make everything worse, or fail and achieve nothing.
I typed this out right before the part where he admits it's all lies at about 1:08:00
Yep like all the bois claiming to be "stoic" on their social media
@@pssurvivorliterally no one who claims "I'm a stoic" understands stoicism.
The lady just interrupting throughout the podcast with irrelevant jokes was pretty irritating.
You'd live Well There's Your Problem - just the facts, no fluff.
I'm normally a fan of BTB, but this whole episode is just "we don't understand the field of Ethics, so let's mock it".
(This is not a defense of Effective Altruism, which is a bullshit misuse of philosophy)
That is their entire point. They're not here to talk ethics and they assume we already know where they stand regarding that so they just laugh and move on
@@TMmodify "Their entire point" is that they don't understand the field of ethics?
Ok........
@@brianlynchehaun1963 no. They highlight the fact that effective altruism is obviously a bullshit misuse of philosophy but also assume that we know better so that they can focus more on the con
@@TMmodifyyou are trying so hard to make a very minor annoyance so much bigger than it is.
Please shut up.
@@brianlynchehaun1963 No, the point is that ethics is really just a garnish for a lot of these guys who use it as a smokescreen for the fact that they're actually awful people.
What someone like Sam Bankman Freed would like is for people to pause and try to work through the bullshit he spouts when it's actually without any substance as it doesn't actually predict any of his actions, since he really doesn't believe in any of it. But he knows other people do, and that's useful to his con.
Unfortunately, there's not a really a concise way to take the piss out of them without catching ethical philosophy in the crossfire.
I bet you're eating half these words now. Things change when you learn the rest of the story...eh?
What
It just gets worse and worse, im 30 minutes in and youre just blabbing on without talking about sbf at all
bad episode because robert does reading voice instead of explaining voice and it's hard to follow or care about a lot of it
Love the part where Jaime describes the concept of your podcast as you uncomfortably cornering her at a party where she is totally disinterested and can’t escape! Perfectly describes her incessantly interrupting contribution. She really needs to understand that there is an audience for YOUR PODCAST not for her to constantly complain while making no contribution. Please let Robert tell the story Jesus she sounds the same as every sardonic incessant woman on earth
Derr-rid-uh 😐
*Darth Derrida the Wise
Derridum and Derridee
Me when you started talking about his girl friend's polyamory views: Come on Robert, do we really have to attack someone for their sexuality like that? Poly might be fringe, but we deserve a lot better attention than we usually get...
*5 Seconds later* Wtf? Okay, nvm she has extremely fucked up views on relationships!
I swear... this whole episode is about why SBF shares most of my interests but then takes most of them to fucked up places... Dear god.