3 ms·

Why do you care if it sucks or not when you think it's a bad investment and useless? Don't invest in them or trade them if you don't think they are good. It's a

Why do you care if it sucks or not when you think it's a bad investment and useless? Don't invest in them or trade them if you don't think they are good. It's a great thing about the world we have. You don't have to like everything and things you don't like aren't forced on you so you can ignore them and do the things you like. A lot of people like trading them because there's so much alpha in them. They know the risks because they are adults and can handle themselves.

komali2 4y ago
If we grant that we like a society that legislates that we wear seatbelts and can't be sold meat and with human feces in it, can't we apply that same logic to the financial arena? This "they're adults and can choose for themselves" could be said of any Ponzi scheme. Sounds less like an argument for libertarianism and more an argument for the freedom to exploit unmolested a pool of victims. My ideal is everyone receives the education necessary to make sound financial decisions and be able to avoid getting preyed upon by malcontents. As it stands, when I graduated highschool in the USA, some of my classmates were functionality illiterate. We see boomers get financially scammed regularly through phone calls. Plus there's scams due to straight up lying that no matter your level of education you can't really guard against, like with ftx. Our society should protect against this. So what? So I want other people to not be scammed or hurt or exploited. If you want a libertarian paradise where people are free to exploit each other I heard there's gonna be some Bitcoin islands, you can try one, meanwhile I don't really see the point of society or government if we don't use it to protect people from exploitation and harm.
- latchkey 4y ago
  > Our society should protect against this. HAHAHAHAHAHA, what you want training wheels for everyone?
- nemo44x 4y ago
  Ponzi schemes are illegal. FTX is facing punishment for running the joint like they did. There’s also unlimited corruption and crime and fraud in the regulated vanilla financial markets. Get off your high horse and get real and please try and get a slightly convincing argument. If I wanted the sermon I’d go to church or join a HS debate club.

komali2 4y ago

If we grant that we like a society that legislates that we wear seatbelts and can't be sold meat and with human feces in it, can't we apply that same logic to the financial arena? This "they're adults and can choose for themselves" could be said of any Ponzi scheme. Sounds less like an argument for libertarianism and more an argument for the freedom to exploit unmolested a pool of victims. My ideal is everyone receives the education necessary to make sound financial decisions and be able to avoid getting preyed upon by malcontents. As it stands, when I graduated highschool in the USA, some of my classmates were functionality illiterate. We see boomers get financially scammed regularly through phone calls. Plus there's scams due to straight up lying that no matter your level of education you can't really guard against, like with ftx. Our society should protect against this. So what? So I want other people to not be scammed or hurt or exploited. If you want a libertarian paradise where people are free to exploit each other I heard there's gonna be some Bitcoin islands, you can try one, meanwhile I don't really see the point of society or government if we don't use it to protect people from exploitation and harm.

latchkey 4y ago
> Our society should protect against this. HAHAHAHAHAHA, what you want training wheels for everyone?
nemo44x 4y ago
Ponzi schemes are illegal. FTX is facing punishment for running the joint like they did. There’s also unlimited corruption and crime and fraud in the regulated vanilla financial markets. Get off your high horse and get real and please try and get a slightly convincing argument. If I wanted the sermon I’d go to church or join a HS debate club.