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Do you think it's a good thing that we as a society are collectively extremely ignorant about how money works? Don't you think that maybe people should start b

Do you think it's a good thing that we as a society are collectively extremely ignorant about how money works? Don't you think that maybe people should start becoming more educated about how our economy runs? Or what protects their assets? Don't you think someone with millions of dollars to lose should take some responsibility and become informed about how to protect them?

HDThoreaun 4y ago
> Don't you think someone with millions of dollars to lose should take some responsibility and become informed about how to protect them? I really just think that if someone thinks an institution might disappear with their money they won't use the institution. If the alternative is too much of a hassle, or also seems like it could lead to loses then people will just not use crypto.
kyleplum 4y ago
You could replace "money" with any specific area of human expertise. I don't need to fully understand how my body works because my doctor does. I don't need to fully understand how my car works because my mechanic does. I don't need to know how to build my home because my contractors know. The information is available to those who are interested or want to further that area of human expertise, but the collective knowledge of humanity is too great for all of us to know everything. That's why we pay (mostly) regulated experts to handle these things for us.
- dist1ll 4y ago
  (1) Knowing how to use crypto safely is hardly "expertise". It's something that can be learned quite quickly from experts. (2) Having a general idea of many areas in life is important for a functioning society and becoming a healthy human being. I really dislike this narrative that we must not think for ourselves. Always delegate. Always leave it to the experts. I see the same anti-intellectual sentiment in programming communities. - Don't write assembly, compilers are smarter than you. - Don't think about building your own networking stack. It's too complicated. - Don't write your own OS. Do you think you can outperform Linux? Lol

HDThoreaun 4y ago

> Don't you think someone with millions of dollars to lose should take some responsibility and become informed about how to protect them? I really just think that if someone thinks an institution might disappear with their money they won't use the institution. If the alternative is too much of a hassle, or also seems like it could lead to loses then people will just not use crypto.

kyleplum 4y ago

You could replace "money" with any specific area of human expertise. I don't need to fully understand how my body works because my doctor does. I don't need to fully understand how my car works because my mechanic does. I don't need to know how to build my home because my contractors know. The information is available to those who are interested or want to further that area of human expertise, but the collective knowledge of humanity is too great for all of us to know everything. That's why we pay (mostly) regulated experts to handle these things for us.

dist1ll 4y ago
(1) Knowing how to use crypto safely is hardly "expertise". It's something that can be learned quite quickly from experts. (2) Having a general idea of many areas in life is important for a functioning society and becoming a healthy human being. I really dislike this narrative that we must not think for ourselves. Always delegate. Always leave it to the experts. I see the same anti-intellectual sentiment in programming communities. - Don't write assembly, compilers are smarter than you. - Don't think about building your own networking stack. It's too complicated. - Don't write your own OS. Do you think you can outperform Linux? Lol