By Molly White

Fully diluted valuation is an estimate so flawed that even publishing it should be considered journalistic malpractice. It is calculated by taking the current going price for a crypto token on an exchange and multiplying it by the total number of tokens that may ever exist for that cryptocurrency. To use $TRUMP as an example, people are currently trading these coins for around $53 apiece. There are 200 million of them in circulation, which puts the token’s (already highly questionable, as I explain in a moment) “market cap” at around $10.7 billion. Eventually, over a period of three years (assuming Trump does not lose interest or change the parameters of the deal), 1 billion tokens are set to be released. It is this supply — three years from now — that is being multiplied by the current price of the tokens to achieve estimates in the several tens of billions for how much Trump’s “net worth” has increased, as though it can be safely assumed that not only will the price remain stable over the next three years, but that there is another more than $40 billion that is guaranteed to just materialize.

This is not to downplay the extent to which Trump is grifting his devotees and those crypto traders looking to make a buck on memecoin speculation. But it is important that we accurately report on his cons and do not contribute to misleading crypto hype for the sake of large numbers.

The one-sentence description of effective altruism sounds like a universal goal rather than an obscure pseudo-philosophy. After all, most people are altruistic to some extent, and no one wants to be ineffective in their altruism. From the group’s website: “Effective altruism is a research field and practical community that aims to find the best ways to help others, and put them into practice.” Pretty benign stuff, right?

Dig a little deeper, and the rationalism and utilitarianism emerges.  […]

The problem with removing the messy, squishy, human part of decisionmaking is you can end up with an ideology like effective altruism: one that allows a person to justify almost any course of action in the supposed pursuit of maximizing their effectiveness.