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Never take legal, financial or tax advice from anyone you aren't paying for it.

• seibelj 6y ago
  The best advice I have ever received on all three subjects is free from people who have experience. Paying people is usually when I get screwed in billables.
  • dingus9 6y ago
    Good point. Some people online like to imply that paying for advice means you can blindly trust it. It's always a good idea to DYOR regardless. Something that you get with communities like HN and Reddit is being able to read replies to comments pointing out bad advice.
• samsonradu 6y ago
  Side question (non crypto related), does paying for it automatically makes the advisor legally liable for the advice in most 'advanced' jurisdictions?
  • kkielhofner 6y ago
    Generally (unfortunately) "not really". For a tax return, for example, the preparers information is on it but you still sign it. Again, generally speaking they carry insurance much like a doctor has malpractice insurance. The risk for them is causing enough damage (and the resulting insurance payouts) rendering them uninsurable which is generally a career ending state to be in. Truly egregious stuff can end up with disbarment and other certifying bodies revoking stuff. Again much like a doctor screwing up to the point where they lose their license. Then, like anyone else, criminal liability is always a possibility if the situation calls for it.