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And why should they know it? Just like how I can't understand the exact side-effects of every industrial chemical that I might come into contact with, I expect
by mihaic 4y ago
And why should they know it? Just like how I can't understand the exact side-effects of every industrial chemical that I might come into contact with, I expect the government to offer some protection against these things for an unsuspecting population.
- robbiep 4y agoWell, you’re not running a home chemistry lab, I suspect. Whereas a significant percentage of crypto enthusiasts believe they’re inventing the future of money, without the slightest idea of the protections the government offers their deposits in the status quo - and happily leaving this for the decidedly less robust protections of a nacent industry that has developed a name for scams and people losing their shirts
- rchaud 4y agoThey should know it, because there is a much larger element of "DYOR" (Do your own research) thinking among DeFi users than among regular people putting their money into trad-Fi brokers that are heavily regulated. In deFi, information asymmetry is a feature, not a bug.
- NotSammyHagar 4y agoPeople keep saying that, but billions more will be lost this week as the next crypto exchanges fail. Most people were not doing research. Nothing paying 20% returns will last. Yet millions of people put their money into investments like this.
- deleted 4y ago[deleted]