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TBH - I consider that people in crypto opted out of the normal system of rules, and expecting the taxpayer to spend zillions of dollars investigating offshore
by michael1999 4y ago
TBH - I consider that people in crypto opted out of the normal system of rules, and expecting the taxpayer to spend zillions of dollars investigating offshore entities conducting obvious ponzis is a waste of money. Crypto == lawless, and demanding help from the fiat system after the fact is embarassing.
- michael1999 4y agoThis would be better if we formalized this with Matt Levine's Certificate of Dumb Investment. As he said: > I am open to compromise on the details. The point is that the right general approach to the problem of people buying dumb investments is to give them much, much, much clearer and starker and scarier warnings before they invest, and then much, much, much less sympathy if they do it anyway. https://marginalrevolution.com/marginalrevolution/2018/09/get-money-nothin-get-chicks-free.html https://marginalrevolution.com/marginalrevolution/2018/09/ge...