Currency’s value is revealed in use. 11:11 Philosophers’ utility is not restricted to a cold thinker’s number games; we aim to be compassionate in what we do. That compassion affords an openness, a freedom to be philosophical.
These operating principles help us achieve a compassionate utility:
- All for love. Never for money, but
- Money can be helpful.
- Any monetary gifts are held in different Philosopher’s accounts, rotating between personal accounts up until $19,000 in 2025 (the IRS exclusion limit) — @Blake will administer the first $19,000.
- No donor or recipient can claim profit or expense.
- In that way, we are a “No-Profit” group - this radical concept allows for new ideas.
- In that way, we practice Aveblen Giving: The Ultimate Philanthropy.
- If you’re dogmatically for profit or against profit, go somewhere else. (11:11 Philosophers strive for the good life - how can for profit / non-profit dogma inform the good life? That question cannot be asked without operating in a financial gray area, and we intend to give questions ultimate space.)
- These form our operating principles - principles are not dogma or laws.
- Philosopher principles should be questioned.
- Every fund is received “simply.” After Sam Bankman-Fried’s experience, we are dubious of complex money games. Money games, other than NOAI Giving Game distracts us from The Good Way of Useful Ancients, which we hope to pursue.
- Again, avoid dogma or ideologies of any kind. (Profit Seekers attempt to profit from their beliefs.)
Why?
In 2024, 11:11 Philosophers became too focused on individuals making money. Making money is essential in our society, but the 11:11 Philosopher Group is one place to think in broader terms.