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I wasn't talking about risk, I was talking about fraud. There's a lot of fraud going on, and probably always has been and always will be. It becomes obvious whe
by FloorEgg 2y ago
I wasn't talking about risk, I was talking about fraud. There's a lot of fraud going on, and probably always has been and always will be. It becomes obvious when the pie is shrinking, and it's hard to notice when the pie is growing rapidly.
You're using a straw man about risk to argue against my point instead of addressing it directly.
Sure the fraud methods evolve, but the idea that it's some new recent phenomenon is what I'm arguing against.
- mmooss 2y agoIt's the same mistake misconceiving of fraud rather than risk: The issue isn't its existance - of course there will be some somewhere - but the degree. It's like saying it rains everywhere - which is true - so everywhere is the same in terms of drought, floods, etc., and we shouldn't build dikes, storm sewers, water storage, etc. It's nonsensical. The argument also fails logically: If there is all this fraud, why would we be seeking more? Someone just told me the US should invade Mexico because there has always been warfare. Same bizarre argument. Let's minimize fraud and warfare, not increase them dramatically (because there has been fraud and warfare before).
- FloorEgg 2y agoI'm not arguing that because there has always been fraud we shouldn't fight it. I'm arguing that I don't think there's substantially more fraud now than there always has been.
- mmooss 2y agoI think there will be more with Trump in office, the Republicans controlling Congress, and as the federal government supports cryptocurrency. The FDIC's decision I think will increase fraud.
- FloorEgg 2y agoI suspect the majority of our disagreement boils down to different perspectives on what we consider fraud.