Eneasz comments on Query the LessWrong Hivemind - Less Wrong Discussion
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1 & 2: Yes, 80% confidence. However I don't think reading the sequences should be a chore. Start with the daily Seq Reruns and follow them for a week or two. If you don't enjoy it, don't read it. The reason I (and probably most people) read the Sequences was because they were fun to read.
3: "Sane" isn't precise enough to answer. However I would say that the allocation would be more sane than currently practiced with 98% confidence.