player_03 comments on On the unpopularity of cryonics: life sucks, but at least then you die - Less Wrong
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To me, the most relevant reason for not saving for cryonics mentioned here is that the success rate of cryonics is effectively zero at present. I am unconvinced that people being dissatisfied with their current lives is a significant reason for rejecting this procedure. Then again, it might take more evidence to convince me simply because even when I am dissatisfied with my current life, I still think life is far too short. I am more interested in methods of life extension that have more research behind them (alas, so little seems to be known at present). There are lots of unproven methods of life extension, so I'd greatly prefer to invest in something more proven. Perhaps in the future cryonics will have more of a scientific basis. Until then, I'd be more interested in donating to general life extension research than paying for cryonics specifically.
This is very similar to my primary objection to cryonics.
I realize that, all factors considered, the expected utility you'd get from signing up for cryonics is extremely, if not infinitely, large. In any case, it's certainly large enough to be worth the price.
However, it seems to me that there are better alternatives. Sure, paying for cryonics increases your chances of an unlimited life by many orders of magnitude. On the other hand, funding longevity research makes it more likely that we will ever overcome aging and disease. Unlimited life for most or all of the future human population is far more important than unlimited life for yourself, right? (One might object that life extension research is already on its way to accomplishing this regardless of your contributions, which brings me to my next point.)
If an existential risk comes to pass, then no one will have a chance at an unlimited life. All of the time and money spent on cryonics will go to waste, and life extension research will have been (mostly) squandered. Preventing this sort of risk is therefore far more important than preserving any one person, even if that person is you. To make matters worse, there are multiple existential risks that have a significant chance of happening, so the need for extra attention and donations is much greater than the need for extra longevity research.
To summarize: Cryonics gives you alone a significant chance of gaining unlimited life. Working to prevent existential risk gives billions of people a slightly increased chance of the same.
It seems to me we shouldn't be spending money on freezing ourselves just in case a singularity (or equivalent scientific progress) happens. Instead, we should focus on increasing the chances that it will happen at all. To do anything else would be selfish.
Ok, time to take a step back and look at some reasons I might be wrong.
First, and perhaps most obviously, people are not inclined to donate all their money to any cause, no matter how important. I freely admit that I will probably donate only a small fraction of my earnings, despite the arguments I made in this post. Plus, it's possible (likely?) that people would be more inclined to spend money on cryonics than on existential risk reduction, because cryonics benefits them directly. If someone is going to spend money selfishly, I suppose cryonics is the most beneficial way to do so.
Second, there's a chance I misestimated the probabilities involved, and in fact your money would be best spent on cryonics. If the Cryonics Institute webpage is to be believed, the cheapest option costs $28,000, which is generally covered by insurance, costing you $120 per year (this option also requires a one-time payment of $1,250). Unfortunately, I have no idea how much $1,250 plus $120 per year would help if donated to SIAI or another such organization. Cryonics certainly give a huge expected reward, and I'm just guessing at the expected reward for donating.