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I will tell you how we know. There is a correlation between Ivy League graduates flooding Wall Street and an inevitable market crash. Why? Because they can't he
by papito 4y ago
I will tell you how we know. There is a correlation between Ivy League graduates flooding Wall Street and an inevitable market crash. Why? Because they can't help themselves but come up with exotic trading (read: gambling) instruments that no one understands and then torching a whole sector for profit. See: the 2008 housing crisis. I just rewatched the Big Short. It's absurd.
Well, now we have Web 3.0. It's the same type of people, creating new devices of gambling, cleaning out the laymen. Tired - NFTs, wired - Soulbound tokens.
- h0p3 4y agoHey there. I think you'll find this worth your time: https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONX...
- yourapostasy 4y ago> Well, now we have Web 3.0. It's the same type of people, creating new devices of gambling, cleaning out the laymen. So what are the tech and "BigTech" equivalents of broad market index funds like VTSAX held for the long-term starting in one's teens and dollar cost averaging out into bonds in latter decades?
- papito 4y agoThere aren't. I am not comparing the web to the market, I am pointing out that in the past the tech sector did not attract such a large number of frauds and conmen. It was just this thing the nerds did.