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But overall this is good. Why should we complain? Why would I rather have VCs hoarding their capital?
by mustafa_pasi 2y ago
But overall this is good. Why should we complain? Why would I rather have VCs hoarding their capital?
- retrocryptid 2y agobecause it has positive economic externalities and avoids the moral hazard of enabling hucksters. i have no problem with investment, but investing in an obviously stupid startup just cause they were launched by a friend's kids doesn't seem like a way to allocate capital that Adam Smith would appreciate.