3 ms·

I don’t think any serious person has ever implied the stock market has no regulations/protections. I mean, are you surprised that some things are illegal? Of c

by toofy 5y ago

I don’t think any serious person has ever implied the stock market has no regulations/protections. I mean, are you surprised that some things are illegal? Of course not, no one is surprised by this. Could you imagine what a clusterfuck the market would be with no regulations?

throw0101a 5y ago
> Could you imagine what a clusterfuck the market would be with no regulations? Generally regulations are written after clusterfucks have occurred to reduce the risk of them happening again. It's the same reason we have building codes: after a Great Fire or two happens in a given city, fire breaks are usually mandated.
- toofy 5y ago
  Absolutely. This is why in the digital currency realm we’ll absolutely see a repeat of many the exact same grifts over and over again that we’ve already gone through and already figured out how to mitigate. But we’ll just fall for them all over again. It’s amazing to me how many times we’re repeating the same mistakes over and over again that we’ve made in the relatively recent past because “it’ll be different this time because technology!” or whatever—and i don’t only mean in the coin sphere. I work, live, breathe, eat and play with technology however, quite a few people, usually those falling for marketing hype have deluded themselves pretty hard. Humanity scale chaotic complexity problems still exist and technology isn’t even close to solving those and won’t be for a long, long time.
  - gitfan86 5y ago
    It is the same reason you still see banner adds with a beautiful woman saying that she is looking for a hookup in your town. Also the reason we have lottery tickets and casinos and pyramid schemes. People logically know it is risky, but they want to give it a chance just in case this time is different.

3 ms·

I don’t think any serious person has ever implied the stock market has no regulations/protections. I mean, are you surprised that some things are illegal? Of c

by toofy 5y ago

throw0101a 5y ago
> Could you imagine what a clusterfuck the market would be with no regulations? Generally regulations are written after clusterfucks have occurred to reduce the risk of them happening again. It's the same reason we have building codes: after a Great Fire or two happens in a given city, fire breaks are usually mandated.
- toofy 5y ago
  Absolutely. This is why in the digital currency realm we’ll absolutely see a repeat of many the exact same grifts over and over again that we’ve already gone through and already figured out how to mitigate. But we’ll just fall for them all over again. It’s amazing to me how many times we’re repeating the same mistakes over and over again that we’ve made in the relatively recent past because “it’ll be different this time because technology!” or whatever—and i don’t only mean in the coin sphere. I work, live, breathe, eat and play with technology however, quite a few people, usually those falling for marketing hype have deluded themselves pretty hard. Humanity scale chaotic complexity problems still exist and technology isn’t even close to solving those and won’t be for a long, long time.
  - gitfan86 5y ago
    It is the same reason you still see banner adds with a beautiful woman saying that she is looking for a hookup in your town. Also the reason we have lottery tickets and casinos and pyramid schemes. People logically know it is risky, but they want to give it a chance just in case this time is different.