>This particular one ended due to its contribution to the Great Depression. This is a very distorted view of the great depression. I'd argue the great depress

>This particular one ended due to its contribution to the Great Depression. This is a very distorted view of the great depression. I'd argue the great depression's biggest factors were overextension on debt and poor management of fiat and the banking system. Buying tokens with free and clear cash is really is a bet a tangential comparison to contributions of the depression. >Your argument didn't hold water in 2010 once we realized how sub-prime mortgages worked and I strongly suspect it won't hold water in a few more years. Your freedom to buy whatever toxic garbage you want ends where it compromises the stability of financial markets. It's a question of scale. Much of the subprime-mortgage disaster was a result of poor understanding of investors of risk. I agree investors should be made more aware of risk. Markets can tolerate risk, after all startups are funded all the time and somehow they don't tank the economy. Many of these startups are funded completely by unaccredited 'investors' too -- ex: like a husband/wife team pouring their savings into a restaurant. >"You can't tell me what to buy, regulatory chump!" goes broke "Whelp, off to the publicly funded poor-house." People can spend all their money on beany babies, the claw arcade game, gambling, whatever. Let's not pretend everybody is off betting the farm on these tokens. >sub-prime mortgages Are people offering 100k+ variable interest loans to unemployed persons to buy these tokens? >"Whelp, off to the publicly funded poor-house." Whether you believe in welfare is a separate issue. People don't become slave of government just because if they mis-act they may end up on welfare.