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If you're already a multi millionaire, gambling a few million on bitcoin isn't really a risk. If you're poor, you aren't "afraid to" take a gamble - you can't a
by bubxo 9y ago
If you're already a multi millionaire, gambling a few million on bitcoin isn't really a risk. If you're poor, you aren't "afraid to" take a gamble - you can't afford too. Maybe this is all fair by the rules of the current economy. But maybe the rules aren't fair to begin with.
- TAForObvReasons 9y ago> gambling a few million on bitcoin isn't really a risk They didn't just invest a few million, they also stuck their necks out in a very public way and made efforts to bring Bitcoin to the investment masses (via the ETF). A failure in Bitcoin would have reflected very poorly reputation-wise.
- drzaiusapelord 9y agoAgain, a slight social hit that is completely excusable (no investor is perfect) is a far cry from losing your home, savings, car, job, etc like a middle class person would have.
- bubxo 9y agoAh, so what non-millionaires like me are doing wrong is we're not starting a bitcoin ETF. I'll have to start one in the spare time between my two jobs. Meritocracy!
- meri_dian 9y agoAnd if everyone started out with the same amount of money in life you'd still be bemoaning the unequal distribution of advantageous genetic traits.