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Why would you believe it? Sure, some scames are complicated - credit swaps, sub prime mortagges, etc, I can see why people fall for that. Sometimes you're rely
by iso1631 6y ago
Why would you believe it?
Sure, some scames are complicated - credit swaps, sub prime mortagges, etc, I can see why people fall for that. Sometimes you're relying n a greater fool, sometimes you're relying on unlikely events (horse winning etc), because you value the potential reward more than the risk. All of that's rational - hell even buying a lottery ticket is rational for many people.
But in all those areas I can see why the other person is involved and what they're getting. My risk/reward ratio is different to theirs.
I go into a greater-fool situation and yes, I expect that I'll find a greater fool, the person selling me the $whatever doesn't.
I could buy a Tesla and think that they will take over the entire planet's energy grid. I can see why someone is selling me a TSLA share at $800 (they don't think tesla is worth that much), that's reasonable.
I could even see a transaction where I give my email address to "Elon" and he sends me money, because he's a gajillionaire and doesn't value it, but does value email addresses, or maybe a transaction where I make or share a DOGE meme and he likes it, so gives me money instead of a "like".
But what possible reason would there be for me to send Elon Musk money and him to send it back? Why would he do this? Why not just send me the money for sharing a DOGE meme or something? Or just send it for being the first person to click his link?