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Yes, but notice how the threshold of reaching legal adulthood is that something everyone is guaranteed to eventually meet (barring early death). Restricting rig
by solveit 8y ago
Yes, but notice how the threshold of reaching legal adulthood is that something everyone is guaranteed to eventually meet (barring early death). Restricting rights is a lot less* problematic if it's guaranteed to be temporary and applies to literally everyone.
But any reasonable restriction on speculation will apply to a subset of the population, most of whom will never escape the restriction. At the same time, there will be a class of people making bank on speculative investments that normies aren't allowed to invest in. Notice how this is actually how the world works outside of the crypto space. I don't think it's unreasonable to hate this state of affairs.
*I have many issues with the way the agency of minors is treated, but this is not the place.
- gamegoblin 8y agoI largely agree with you that it is an important and significant distinction, but indulge a little thought experiment in which I try to show that even age-based thresholds can result in undesirable outcomes. What if the age of agency were age 100? Only about 1 in 10000 Americans makes it to that age. So in this world, only the very-long-lived might have access to lucrative investment opportunities. Wealth would accumulate in families with a genetic predisposition for longevity (which is itself correlated with wealth! a positive feedback loop). This seems undesirable to me. One might say "well sure, but 99.9% of people live to 18, so that is a much more reasonable number" (and I obviously agree). But then why not 16? More people live to 16 than 18, tautologically. Why not 10? Because there is threshold of "mature enough" that we, as a society, decide on, and this threshold is completely arbitrary.
- zhoujianfu 8y agoI wouldn’t say COMPLETELY arbitrary?