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> huge sporting events are plastered in [x] logos Not to pile on, but if one is getting financial advice from sporting event logos, it is yet another timeless
by rendall 4y ago
> huge sporting events are plastered in [x] logos
Not to pile on, but if one is getting financial advice from sporting event logos, it is yet another timeless lesson to learn not to do that.
- smcl 4y agoYeah but it's way more subtle than that. Nobody's going "oh, the Heat play at the FTX Arena? I gotta get in on that...". A whole host of things - sports sponsorship, advertising, celebrity endorsement, backing by traditional finance and media - all contributed to making crypto seem to the layperson like just a new type of asset like any other. They maybe didn't fully grok it, but they also don't grok exactly how ETFs, Index Funds or Mutual Funds work either and a few of these exchanges played along and allowed people to pretend that they were buying a Real Thing.
- rendall 4y agoAre you suggesting some kind of mechanism or rule to prevent people making unwise investments? If so, how would it work? Who decides wise versus unwise a priori? What happens when the Committee of Wise Investors is wrong about something? Or corrupted?