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In other words, he lacks good judgment when it comes to risks?
by jahewson 4y ago
In other words, he lacks good judgment when it comes to risks?
- anm89 4y agoHe's not the Korean elite. He screwed over the Korean elite. They will throw the book at him I'd guess.
- JumpCrisscross 4y ago> He screwed over the Korean elite There is zero chance they’re falling for crypto. This is a problem for the gambling masses. To the degree it harms any elite, it’s by introducing political instability in Korea and reducing Singapore’s standing as a stable financial centre.
- anm89 4y agoa) Screwing over a large amount of the Korean population is screwing over the korean elite(because it creates a populist outcry) (I lived in Korea for years. And I can tell you that a way higher percentage of the population is betting on crypto than in western countries b) This appears to be across the socio economic spectrum. If you think there aren't a ton of rich people throwing money into crypto I guess I'll just say I think you are wrong.
- tim333 4y agoI know a friend of a friend who is Korean elite and who made then lost a lot in Luna.