Is it really constructive? This post presents no arguments for why they believe what they believe which should serve very little to convince others of long timelines. Moreover it proposes a bet from an assymetric position that is very undesirable for short-timeliners to take, since money is worth nothing to the dead, and even in the weird world where they win the bet and are still alive to settle it, they have locked their money for 8 years for a measly 33% return—less than expected by simply say, putting it in index funds. Believing in longer timelines gives you the privilege of signalling epistemic virtue by offering bets like this from a calm, unbothered position, while people sounding the alarm sound desperate and hasty, but there is no point in being calm when a meteor is coming towards you, and we are much better served by using our money to do something now rather than locking it in a long term bet.
Not only that, the decision from mods to push this to the frontpage is questionable since it served as a karma boost to this post that the other didn’t have, possibly giving the impression of higher support than it actually has.
On the reduced value of money given catastrophe: that could be used in a betting circumstance. Someone giving higher-than-market estimates could take a high-interest “loan” from the person giving lower estimates of catastrophe. This can be rational and efficient for both of them, and help “price in” the implied probability of doom.
Is it really constructive? This post presents no arguments for why they believe what they believe which should serve very little to convince others of long timelines. Moreover it proposes a bet from an assymetric position that is very undesirable for short-timeliners to take, since money is worth nothing to the dead, and even in the weird world where they win the bet and are still alive to settle it, they have locked their money for 8 years for a measly 33% return—less than expected by simply say, putting it in index funds. Believing in longer timelines gives you the privilege of signalling epistemic virtue by offering bets like this from a calm, unbothered position, while people sounding the alarm sound desperate and hasty, but there is no point in being calm when a meteor is coming towards you, and we are much better served by using our money to do something now rather than locking it in a long term bet.
Not only that, the decision from mods to push this to the frontpage is questionable since it served as a karma boost to this post that the other didn’t have, possibly giving the impression of higher support than it actually has.
On the reduced value of money given catastrophe: that could be used in a betting circumstance. Someone giving higher-than-market estimates could take a high-interest “loan” from the person giving lower estimates of catastrophe. This can be rational and efficient for both of them, and help “price in” the implied probability of doom.
Well, if OP is willing then I’d love to take a high-interest loan from him to be paid back in 2030.