We are discussing the debate statement: "On the margin[1], it is better to work on reducing the chance of our[2] extinction than increasing the value of futures where we survive[3]". You can find more information in this post.
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‘on the margin’ = think about where we would get the most value out of directing the next indifferent talented person, or indifferent funder.
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‘our’ and 'we' = earth-originating intelligent life (i.e. we aren’t just talking about humans because most of the value in expected futures is probably in worlds where digital minds matter morally and are flourishing)
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Through means other than extinction risk reduction.
I agree about digital minds dominating far future calculations; but I don't think your expectation that it is equally likely that we create suffering minds is reasonable. Why should we think suffering to be specially likely? "Using" them means suffering? Why? Wouldn't maximal usefulness entail, if any experience at all, one of utter bliss at being useful?
Also, the pleasure/suffering asymmetry is certainly a thing in humans (and I assume other animals), but pleasure does dominate, at least moment-to-moment. Insofar as wild animal welfare is plausibly net-negative, it's because of end-of-life moments and parasitism, which I don't see a digital analog for. So we have a biological anchor that should incline us toward the view utility dominates.
Moral circle expanding should also update us slightly against "reducing extinction risk being close to zero".
And maybe, by sheer accident, we create digital minds that are absolutely ecstatic!