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>What about making it easier for normal people to have access to the same IPOs that Thiel had access to? I agreed with everything you said but the above. It ge
by RhodoGSA 5y ago
>What about making it easier for normal people to have access to the same IPOs that Thiel had access to?
I agreed with everything you said but the above. It gets weird when financially illiterate have access to 'Private companies'. Look at what happened to dogecoin.
Edit: Financially literate is a loose term, but a million in assets not including real estate does seem excessive.
- nickpp 5y agoHonest question: do you think it’s a good idea to protect people from themselves?
- caffeine 5y agoThe answer isn’t binary, it’s a sliding scale between 0 (zeroism, nobody is allowed to be harmed by anything) and 1 (do whatever you want). Seat belts, road signs, the FAA, the FCC, the FDA … all these are protecting people from harming themselves. I don’t think it’s possible to have a functioning society at 0 or 1, but whether 0.35 or 0.55 is a better setpoint is hard to say for sure.
- nickpp 5y agoSo more like yes for some cases, no for others. But how do you choose?
- Supermancho 5y agoConsensus. Either direct or indirect, because that's part of what a society is.