Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Replacing Karma with Good Heart Tokens (Worth $1!), published by Ben Pace on April 1, 2022 on LessWrong.
Starting today, we're replacing karma with Good Heart Tokens which can be exchanged for 1 USD each.
We've been thinking very creatively about metrics of things we care about, and we've discovered that karma is highly correlated with value.
Therefore, we're creating a token that quantifies the goodness of the people writing, and whether in their hearts they care about rationality and saving the world.
We're calling these new tokens Good Heart Tokens. And in partnership with our EA funders, we'll be paying users $1 for each token that they earn.
"The essence of any religion is a good heart [token]." — The Dalai Lama
Voting, Leaderboards and Payment Info
Comments and posts now show you how many Good Heart Tokens they have.
(This solely applies to all new content on the site.)
At the top of LessWrong, there is now a leaderboard to show the measurement of who has the Goodest Heart. It looks like this. (No, self-votes are not counted!)
The usernames of our Goodest Hearts will be given a colorful flair throughout the entirety of their posts and comments on LessWrong.
To receive your funds, please log in and enter your payment info at lesswrong.com/payments/account. We pay out once a day at 11:59 pm PST.
While the form suggests using a PayPal address, you may also add an Ethereum address, or the name of a charity that you'd like us to donate it to.
Why are we doing this?
On this very day last year, we were in a dire spot.
To fund our ever-increasing costs, we were forced to move to Substack and monetize most of our content.
Several generous users subscribed at the price of 1 BTC/month, for which we will always be grateful. It turns out that Bitcoin was valued a little higher than the $13.2 we had assumed, and this funding quickly allowed us to return the site to its previous state.
Once we restored the site, we still had a huge pile of money, and we've spent the last year desperately trying to get rid of it.
In our intellectual circles, Robin Hanson has suggested making challenge coins, and Paul Christiano has suggested making impact certificates. Both are tokens that can later be exchanged for money, and whose value correlates with something we care about.
Inspired by that, we finally cracked it, and this is our plan.
...We're also hoping that this is an initial prototype that larger EA funders will jump on board to scale up!
The EA Funding Ecosystem Wants To Fund Megaprojects
"A good heart [token] is worth gold."— King Henry IV, William Shakespeare
Effective altruism has always been core to our hearts, and this is our big step to fully bring to bear the principles of effective altruism on making LessWrong great.
The new FTX Future Fund has said:
We’re interested in directly funding blogs, Substacks, or channels on YouTube, TikTok, Instagram, Twitter, etc.
They've also said:
We’re particularly interested in funding massively scalable projects: projects that could scale up to productively spend tens or hundreds of millions of dollars per year.
We are the best of both worlds: A blog that FTX and other funders can just pour money into. Right now we're trading $1 per Good Heart Token, but in the future we could 10x or 100x this number and possibly see linear returns in quality content!
Trends Generally Continue Trending
Paul Christiano has said:
I have a general read of history where trend extrapolation works extraordinarily well relative to other kinds of forecasting, to the extent that the best first-pass heuristic for whether a prediction is likely to be accurate is whether it's a trend extrapolation and how far in the future it is.
We agree with this position. So here is our trend-extrapolation argument, which we think has been true for many years and so will continue to...