80,000 Hours Podcast #127 – Sam Bankman-Fried on taking a high-risk approach to crypto and doing good
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Apr 14, 2022 
Sam Bankman-Fried, founder of FTX and a vocal advocate for effective altruism, discusses his risky yet impactful approach to cryptocurrency and philanthropy. He explores the evolving landscape of crypto regulations, emphasizing the importance of accountability and relational dynamics in fostering potential for social good. Delving into high-stakes philanthropy, he contrasts personal gain with altruistic ambitions, highlighting his commitment to innovative solutions for global challenges, including pandemic preparedness and nuclear security funding.
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FTX Collapse Impact
- The FTX Future Fund staff resigned, rendering some interview parts irrelevant.
- Sam Bankman-Fried's replies sometimes lacked sense, now viewed differently.
Expected Value and Impact Maximization
- Maximize impact, not just make a million dollars.
- Expected value thinking changes your strategy.
Risk Neutrality in Altruism
- Be risk-neutral when doing good, as declining returns are less relevant.
- Gamble big for potential outsized impact.