> Regardless of why they bought the castle Two separate castles: https://twitter.com/paulmainwood/status/1600433194691502081 https://twitter.com/paulmainwood/

> Regardless of why they bought the castle Two separate castles: https://twitter.com/paulmainwood/status/1600433194691502081 https://twitter.com/paulmainwood/status/1600433194691502081 https://www.chateau-hostacov.cz/en/contact https://www.chateau-hostacov.cz/en/contact They really ran with the exact opposite of Peter Singer's sacrifice your fancy boots to save a child parable. And Effective Altruist Sam Bankman-Fried, who drove a Prius for optics, lived in what has been cited as potentially the most expensive private residence in the Bahamas. He was grilled on it a bit before the collapse and explained that worrying about what he did with 1% of his money wasn't justifiable use of time in the big picture--still dubious given the Singer origins of the movement)--but a bigger problem was close to 100% of the money was fictional: illiquid self-issued token valuation, and double spending/self-loaning of customer funds. Just like other charities that spend nearly more of the money on fundraising and growth that were the main target of criticism of the movement, they did pretty much the same, while pitching it as a more effective alternative to Oxfam, etc.