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The first challenge is to find those normies. Somebody who directly invested in MBS is by definition not a normie.
by TomVDB 4y ago
The first challenge is to find those normies.
Somebody who directly invested in MBS is by definition not a normie.
- dcolkitt 4y agoSomebody who directly invested the majority of their money in an experimental bridge protocol that raised its seed round 3 months ago is by definition not a normie.
- function_seven 4y agoWhich reinforces the top of this thread: "Reason #5734 why cryptocurrency is a non starter for real people."
- obilgic 4y agoHowever cryptocurrency != "an experimental bridge protocol that raised its seed round 3 months ago"
- hn_throwaway_99 4y agoThe main point still stands. The crypto world sees "the code is the law" and non-repudiable/non-reversible transactions as a feature. The rest of the world (correctly in my view) sees it as a bug.
- woojoo666 4y agoThat "main point" was never justified here. Commenters just assumed that a hack on an experimental bridge protocol reflected on crypto as a whole
- ohgodplsno 4y agoNo wall street banker was running around telling everyone how awesome MBSes are. However, morons spamming TikTok, Twitter, Facebook and every social network to find a sucker to invest in their super 20% profit moon monkey future currency can be found in a minute, reaching hundreds of thousands. Plenty of normies lose their money in this.
- gillesjacobs 4y agoThe 2008 financial crisis decimated many regular people's portfolios and was largely set in motion by ubiquitous MBS speculation. My retort was half-baked because two wrongs don't make a right. But it is ironic to see that many normies here don't see how MBS caused massive wealth loss across all investors worldwide without them directly speculating in that asset class. While, so far, this hack hasn't caused a crash in crypto assets.