Hi JoA,
thank you for the thoughtful reply! I think what you say about insect farming makes sense, I also like this cause area a lot. Although it looks like I am more worried than you about the indirect effects on other farming practices, like fish farming or factory farming of land animals.
And thank you for the link to the Tomasik post, he makes good points! Do you think I should change the original wording?
I haven't thought about this a lot, but my impression is this doesn't work for smeared probability distributions and a medium level of risk aversion?
Let's say Alice thinks there is still a 20% chance AGI doesn't happen super fast / doesn't have transformative impact and she needs to pay back a loan in 10 years. Then if she doesn't want to take the risk of not being able to pay in these timelines, she cannot really donate all of the loan now.
On the other hand, a 20% chance that Alice has to donate a lot of money to global health doesn't look like such a big risk, at least if she doesn't have to donate everything right away.
But maybe the difference here is my implicit assumption that owing donations to Bob isn't a big of a risk as owing money to a bank, because the former might cut Alice more slack and give her more time to pay.
Just to clarify, would you take on an additional 60000 dollars worth of debt in order to donate it?
If so, I find this admirable, though I would also advise caution, since you can also have impact with your direct work, which might be more difficult if you have a lot of debt. For example, you might want to start a charity or take an unpaid internship to get started in an altruistic career. This might be harder if you have to pay off a lot of debt.
Can you also give an estimate how much more valuable you think donations right now are?
I love the spirit of altruism, and thank you for sharing your thoughts here!