c/sneerclub · by dgerard@awful.systems · 2y

Inside Wytham Abbey, the £15 Million Castle Effective Altruism Must Sell - Effective Ventures is giving $26.8m in stolen money back to FTX creditors, so they gotta sell their not-a-castle

https://www.bloomberg.com/news/articles/2024-05-08/effective-altruism-ftx-linked-charity-lists-wytham-abbey-for-15m

27 points · 4 comments · view on lemmy.world

4 Comments

Collectivist@awful.systems · 6 pts · 2y (3 replies)

Wytham Abbey is being listed on the open market for £15 million [...] Adjusted for inflation, the purchase price of the house two years ago now equals £16.2 million.

Remember when one of their justifications was that it's also an investment?

Reaction on the EA forum:

It's not necessarily a loss of a million pounds if many of the events that happened there would have spent money to organise events elsewhere (renting event spaces and accommodation for event attendees can get quite pricey) and would have spent additional time on organising the events, finding venues, setting them up etc (compared to having them at Wytham). For comparison, EA Global events cost in the ballpark of a million pounds per event.

froztbyte@awful.systems · 5 pts · 2y (2 replies)

that comment is a work of art

so rather than just a qualified lack of quantified impact overall for the whole movement and for the castle, it's 100% on point to state that the qualified quantified loss is maybe just totes not important at all?

I stand in awe

dashdsrdash@awful.systems · 3 pts · 2y (1 reply)

What would effective accounting even look like?

froztbyte@awful.systems · 2 pts · 2y

High-school tier double-entry bookkeeping?

gnomicutterance@hachyderm.io · 2 pts · 2y

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