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As a society, we should look out for the vulnerable part of our population. The example with high fashion brands is on point though, but I also absolutely detes

As a society, we should look out for the vulnerable part of our population. The example with high fashion brands is on point though, but I also absolutely detest paying extra to have a logo on my stuff so it doesn't really resonate with me. High fashion is also marketed toward specific classes of people, those with the means and ability to afford them. Meme stocks and cryptos are geared toward small retail traders who don't really have much in the first place. One of these will cause more damage than the other to its targets.

sneak 4y ago
> Meme stocks and cryptos are geared toward small retail traders who don't really have much in the first place. I don't know anyone blowing money on meme stocks or sketchy cryptos that isn't also blowing money on equally wasteful designer "fashion". I don't think they are "geared toward" anyone or anything.
jazzyjackson 4y ago
> those with the means and ability to afford them. * those who want to appear to have the means and ability to afford them.
lytefm 4y ago
> As a society, we should look out for the vulnerable part of our population. Having read a bit about the neuropsychology of gambling addiction, I agree. Slot machines are specifically designed to turn those who are susceptible to it into addicts. Some people simply don't have the mental capabilities to distinguish a legit investment from a scam. Maybe some kind of authorization should be required if you try to wire your life savings to a crypto exchange. But banks only ever ask questions if a lot of money comes in, not when it flows out :D
- sneak 4y ago
  > But banks only ever ask questions if a lot of money comes in, not when it flows out :D This is false. My bank made my rent payment late this month by freezing a wire (identical to dozens of others I have sent) because my client geoIP is in Japan.

sneak 4y ago

> Meme stocks and cryptos are geared toward small retail traders who don't really have much in the first place. I don't know anyone blowing money on meme stocks or sketchy cryptos that isn't also blowing money on equally wasteful designer "fashion". I don't think they are "geared toward" anyone or anything.

jazzyjackson 4y ago

> those with the means and ability to afford them. * those who want to appear to have the means and ability to afford them.

lytefm 4y ago

> As a society, we should look out for the vulnerable part of our population. Having read a bit about the neuropsychology of gambling addiction, I agree. Slot machines are specifically designed to turn those who are susceptible to it into addicts. Some people simply don't have the mental capabilities to distinguish a legit investment from a scam. Maybe some kind of authorization should be required if you try to wire your life savings to a crypto exchange. But banks only ever ask questions if a lot of money comes in, not when it flows out :D

sneak 4y ago
> But banks only ever ask questions if a lot of money comes in, not when it flows out :D This is false. My bank made my rent payment late this month by freezing a wire (identical to dozens of others I have sent) because my client geoIP is in Japan.