“They can do it when they’re dead, what’s wrong with that ?” Probably just that giving away money very literally ceases to be altruistic if you are dead and your self interest therefore ceases to exist. lol.

@Kawiboy

Жыл бұрын

👊👍

Whatever version of altruism does more good that's up for debate of course but altruism should never be easily used for obfuscation and whitewashing past criminality, abuse and immoral profiteering. If someone spent a lifetime causing harm, screwing over their customers, their employees, their competition, breaking laws and getting away with abuse thanks to the enormous wealth they amassed then spending half of their fortune on some nice sounding foundations and non profits...Yeah that's cool but rather than argue whether that's effective or morally right or not maybe the first question should be asked well what if they never were allowed or able to do that, maybe some of that money would instead go to or stay with people who don't or can't screw over other people, break laws and get away with abuse. Maybe if Bill Gates never existed and Microsoft never bullied their way into such enormous monopoly bulldozing everything along the way we'd have 10 smaller Microsofts, with healthier competition and more choice in the market. It's not like the world would end or stay in some stone age otherwise. People would still buy computers and invest in new technology, there is always another alternative.

10mins in feels like he's selling a product. Will the boys push back. All will be discovered on this week's episode. 20mins in So relieved this wasn't a softball interview.

Effective altruism as a “movement” really proves how repetitive modernism is. Repetitive and utterly lacking in self awareness.

Notice how he doesn’t really answer where the yield comes from, that’s always a dangerous red flag.

Bennett! Cass!! I would love for you guys to network with a media analyst or psychological profiler (full disclosure I am not one nor do I know any) because this guy manipulated the ever loving shit out of you both this interview!!!! I absolutely love your guys' work, been a fan since the terra/luna spectacle and have since ripped through your back catalog, so I just want you to know I love your guys' work and say this with respect. There were a number of questions he had clearly prepared to dodge, going so far as to offer you clearly psychologically manipulative outs that made his responses seem unbiased and unprepared, "Did I miss any parts?" (where if he did and you wanted to press him on it now it seems like you're being overly prosecutorial or rude towards a simple mistake) "Did I win?" (continually backing both of you into providing statements in support of what he said, quite literally asking you to politely sign his bullshit so later he can claim your support) "OOhh, that's a fun one... no no no what do YOU think Bennett..." (made it seem like he was playfully dodging a question that Bennett and he both knows has very important ramifications should he decide to be technically specific about, instead verbalizing 'well in general' and then flattering the interviewer for being so smart to even ask) and then his later defence of billionaires was just painful. Cass you are beyond the shadow of a doubt correct, it's more than ethically dubious for an incredibly small number of people to sit on the majority of the world's wealth while claiming 'we're gonna help someday... someday soon... when we die... oh wait no, when my son dies... I mean my grandson... I mean my great grandson... I mean...". If anyone has read the Wealth of Nations or JD Rockefeller's excuses for charity you'd know the wealthy contribute to charity specifically for the public image, to abate potential growing anger and mistrust over their wealth and power, and to do so in a way that is most cost effective as possible, minimizing both down time on production/consumption (violence) and increased overhead (paying a more structurally equitable wage). What you see in crypto is no different, people become insanely wealthy suspiciously fast giving infinitesimally small sums of money to highly visible public charities. For someone who says he is a bitcoin maximalist it doesn't seem like he's very well aligned with the foundational ethics behind cryptocurrency projects. Absolutely love your guys' work but disappointed to see how this particular interview went

@asswhole4195

2 жыл бұрын

I think that's why they made him a public face of the company, he's really good at this type of thing.

I'm usually not updated on crypto, but I love these videos to stay up to date on at least some interesting stuff for convos. Thanks for the great content!

@CryptoCriticPod

2 жыл бұрын

Thank you!

Fantastic episode. Came here from Coffees video a few weeks back and have been working through your content. You guys are a class act, well done. Much love from NZ

@CryptoCriticPod

2 жыл бұрын

Thank you!

Where the concept of effective altruism/earn to give falls apart for me is the idea that you can have a more beneficial impact by increasing the amount you donate via profitable investments. With something like bitcoin for example, making money by timing the market or whatever is just a way of moving capital to you from someone else; so doing this in the context of effective altruism requires the assumption that you can do more good with that capital than whoever ends up holding the bag at the end.

@EffectiveMuscle

2 жыл бұрын

well yeah, that's the concept of capital allocators. This is what Warren Buffett (successfully, imo) argues as well.

Glad he had time for the interview, had to finish filming Morbius first.

@jbug1979

2 жыл бұрын

greatest movie of all time!!

57:10 "I think were we disagree is this idea that it's not possible to become a billionaire without like your net influence on the rest of the world being negative." There's a lot going on in this sentence. 1) It does not address at all what Cas said immediately before it (that people become a billionaires by making money off the back of other people), it just raises an entirely different question. 2) That is just not how the world works. If I dig five wells and destroy two wells and defend my actions by saying that my net impact is plus three wells, everyone would justifiably think that I am insane. I am still held responsible for the bad things I do, even if I also do good things. 3) What even is the net influence of e.g. Jeff Bezos on the rest of the world? That is a borderline pointless question because it cannot really be answered. The net impact is not the convenience of being able to order stuff on Amazon because that experience is created by 1.6M+ people (many of whom see little of that profit that their work generates), it is not willed into existence by just the one guy who owns the operation. Even if Amazon had not been founded at all, ecommerce would have still taken off and the company who would have come out on top could have been worse but it could also have been better. It might have been owned by a more charitable or a less charitable person. We can only judge people by their observable actions e.g. towards their employees and not by some impossible calculation of what a hypothetical alternate world without them might look like.

One of the stronger arguments for delaying altruism to me was never raised. That deploying capital effectively for altruism is extremely difficult maybe more so than deploying capital for profit, so it doesn’t necessarily make sense to do it as a side thing while focused elsewhere.

I enjoyed the thoughtful ethical conversation. Props to your guest for having a thick enough skin to withstand having his ideas challenged.

@CryptoCriticPod

2 жыл бұрын

Thank you!

You guys deserve a bigger audience. Great critical content. Love the point re the NPV of charitable contributions, would have liked more critcal qs on MG's projections of future processing power. Anyway, this is becoming one of the channels I am in danger of intrinsically trusting. I should say something like integrity is worth its weight in Bitcoin, but my head can't wrap itself around that.

@CryptoCriticPod

2 жыл бұрын

Thank you!

Really love your channel. No BS, no shilling. Insightful questions and guests. Amazing!

@CryptoCriticPod

2 жыл бұрын

Thank you!

The guests is stalling, procrastinating. Earn to give is a new term to "being the wealthiest corpse in the cemetery" .The libertarian/crypto ethos is not compatible with either paying taxes, or their preferred but less useful donation method for contributing to the society that millionaires and billionaires exploit, pardon, makes their fortunes possible.

@DiandraStarShine

2 жыл бұрын

thanks for the warning.. because the title had me thinking it was about something amazing, kind & generous re: the guest.

Lets put ir this way, if you became a billionaire, generaly that means there are employees you could have paid more, there are products you could have charged less, and there is money in fiscal paradises you could have paid in taxes.

re bill gates and how he made his money- this guy just said anti trust is altruism if you are effective enough at it.

@chrislindfors8776

2 жыл бұрын

dude he made that monopoly for the world's benefit, not his own. silly billy

You guysss! high 🤚!!!

This Machine Kills just had an episode on effective altruism, longtermism, and its logical conclusions that I think viewers will get a kick out of. It's dumb as hell, just absolving the crimes and misdeeds of billionaires because it will somehow pay off in the future.

The majority of our yield is through Genesis.... F

Any chance you guys could do a video with your predictions on where crypto goes from here over the next 5 to 10 years?

I really enjoyed this episode. The philosophical differences are irreconcilable, but that’s what made it a good conversation. Kudos to Mario for coming on. Much appreciation to Bennett for broadening the conversation on effective altruism to include utilitarianism in general. Paris Marx has a recent episode of his podcast that deals with ‘longtermism’ and he touches on utilitarian morality in tech as well, also a great episode. His guest on that episode is Phil Torres.

55:25 if I were Elon Musk or SBF I wouldn’t do anything different 😅😂

Will this company go the way of Celsius?

If your vision is that most people will hold their coins with a custodian. Then there's is little to no protection against govts asset confiscation. What bitcoin has to offer? It will become a purely speculative instrument or share in a company like swift. Maybe It's better to work on a stable coin instead. It reduces confusions.

He's no longer at Ledn, which is probably handy considering the situation at Genesis

So they've reinvented pay day loans, now?

@CryptoCriticPod

2 жыл бұрын

Closer to something like a title loan or a HELOC because it’s collateralized. Payday lending is almost always uncollateralized

@mynameisnotimportant7336

2 жыл бұрын

@@CryptoCriticPod : What do you mean by that? Pay day loans are collateralized by the work people have already done. Who will give you a pay day loan if you haven't work yet?

@CryptoCriticPod

2 жыл бұрын

The lender cannot liquidate your work

@mynameisnotimportant7336

2 жыл бұрын

@@CryptoCriticPod : Let me put this way: less risk of default. Lenders know who you work for and will get back their money in most cases.

@CryptoCriticPod

2 жыл бұрын

That is not collateral

Molson Canadian

💀

obviously not everyone will be inspired to hold their own BTC, esp. many from traditional investment backgrounds. but no way, in general, is it wise to give others custody over one's bag. not your keys, not your coins, FULL STOP.😾 & an "attestation" happening "twice a year" by some service paid for by the company is NOT the same thing as a REAL, deeply digging AUDIT. & few things I hate in the money biz more than those from businesses deliberately misleading, misdirecting the public. sorry, not sorry, no way I trust this guest. & appreciate these guys are fairly polite but glad they are NOT playing softball with this guy. who, as someone else commented, is dodging answering too many questions directly, which is gross & a red flag. he replies like a politician & wouldn't be surprised if they lose public trust & fall, like Celsius.😐 esp. because what he describes sounds like a PONZI scheme!🖐️

@chrislindfors8776

2 жыл бұрын

Lol every now and then you can go into the KZread comments and find sanity. I'm glad this comment section seems pretty aware how full of shit that guy was. I'm just disappointed it seemed like Cass and Bennett got stuck into "being nice" and not wanting to push the envelope. When Cass verbalized "I'm thinking of how to ask this question" it was basically over as far as getting any interesting information from him. When anyone says that they mean "I'm trying to figure out how to say the quiet part you're dancing around out loud without upsetting you"

I would love to know his thoughts on the Bill Gates effect if he thinks that Bill has had such a positive impact. I would love to know what he thinks of the World Health Organization, or the American education system. His philanthropy alone does so much harm. Edit: I'm gonna really make this point hard. Lives in the future are less valuable. Because you can take more actions to help them, people dying today cannot be saved tomorrow, but people who will die next week can. That's why we have to prioritize the prevention of suffering today right now. It is literally our only chance to help people who need it. If you think it's okay to let people die today, to save more people in the future, you're literally treating human lives as fungible. You are acting like it's fine for you to decide that people today need to suffer. I'm sorry. I got really mad today about personal shit and I needed to let some of it out.

Don't trust this guy.

@ashforghani5109

2 жыл бұрын

Bad vibes.

@conormcgregor2547

2 жыл бұрын

Why not?

@tethergobrrr

2 жыл бұрын

@@conormcgregor2547 Because he’s a crypto insider who’s not fundamentally against it.. would be my reason.

He looks like my creepy "furniture repair man" who always tried to scam me out of more money. lol

Not your keys, not your coins. Why risk giving away custody for yield when HEX pays 38% average trustless yield. 100% up time, no admin keys you mint your own rewards so it's not a security. True Defi has no middleman. True crypto like HEX sets the standard... locked immutable code, launched as a complete product, not a promise coin project.

BTC is not BitCoin! #BSV