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In a vacuum, nothing. But it's generally good to disclose to others when the investment advice you're offering will also materially benefit you. It's funny tha
by AlexandrB 5y ago
In a vacuum, nothing. But it's generally good to disclose to others when the investment advice you're offering will also materially benefit you.
It's funny that cryptocurrency proponents will often lambast the traditional banking system for being corrupt and self-serving but then ask a question like this. Is cryptocurrency supposed to be a more fair way to invest/bank/move money or not?
- orange8 5y ago> In a vacuum, nothing. But it's generally good to disclose to others when the investment advice you're offering will also materially benefit you. This should be obvious. When was the last time you saw a coca-cola add? Did it say "please buy this because we are vested in it" or did it say "coca-cola tastes great". > Is cryptocurrency supposed to be a more fair way to invest/bank/move money or not? I honestly don't think so. It's great for some use cases though, like cheap, instant cross border payments.
- Aicy 5y agoThere is obviously a difference between an ad which doesn't pretend to be anything else and financial "advice" which is pretending to be advice. Pretending otherwise is disingenuous. The thing that is wrong with it is that you are intentionally deceiving people.
- orange8 5y agoSo someone enticing you to BUY "sugar water" is not financial advice, but being enticed to buy fake internet money somehow is? How exactly did you reach that conclusion?