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This is not cynical. It's the reason I've been actively against cryptos like monero since the beginning. Everyone hates government regulations because politics
by scoofy 4y ago
This is not cynical. It's the reason I've been actively against cryptos like monero since the beginning. Everyone hates government regulations because politics is hard and people (reasonably) want to buy drugs, but in the end capital security is incredibly important, and a rising tide raises all frauds.
It's a dower subject. When everyone was making money nobody will listen. When everyone is losing money it's uncouth to told-you-so to people in serious pain. You can't get through to most people, full stop.
I was lucky enough to come of age during the dot-com bust, with family that clearly broke down the concepts of accounting and the history of market crashes. Nobody wants to hear it no matter what part of the mania you're in. Focus on your friends (many of which I was able to influence), and focus on fundamentals. Any public discussion of a mania during a mania will fail, and is literally the archetype/moral of the Cassandra myth.