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Tulip mania was never a secret. Crypto just added some more layers, making it harder to tell that it was mania. Education is the only answer I can see.
by paulryanrogers 4y ago
Tulip mania was never a secret. Crypto just added some more layers, making it harder to tell that it was mania.
Education is the only answer I can see.
- stephc_int13 4y ago"Education" is a lazy and naive answer, IMHO. I don't think we can consider that Isaac Newton was uneducated or dumb. And yet, he fell for get-rich-quick scams. https://moneymorning.com/2017/05/08/this-classic-investing-mistake-cost-isaac-newton-everything/ https://moneymorning.com/2017/05/08/this-classic-investing-m... We need something more targeted than "education".
- paulryanrogers 4y agoNewton being knowledge about physics doesn't mean he was immune from financial scams. There isn't much appetite for regulation, at least in the US. What would you propose?
- stephc_int13 4y agoI would go for something simple and radical.