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Crypto in general is extremely speculative, but no one knows if it will prove to be a success or failure, so claiming any one investing in any crypto "deserves
by CryptoPunk 5y ago
Crypto in general is extremely speculative, but no one knows if it will prove to be a success or failure, so claiming any one investing in any crypto "deserves to lose everything" is unjustified by the facts.
- pcwalton 5y agoNobody knows for certain whether cryptocurrency will succeed in the same sense that nobody knows for certain whether the US government will spontaneously collapse at 11:00 AM tomorrow, but people can make educated guesses and invest accordingly. Events like the one described in the article are very good data points.
- CryptoPunk 5y agoIt isn't even in the same universe of ballparks as that. The unknowns surrounding crypto, including the number of potential scenarios that a reasonable person would judge to be plausible, and that would lead to crypto succeeding, are vastly larger than the number of plausible scenarios that would lead to the hypothetical outcome you compare it to.