Yes, that was my point. Both are scams, but both are very legal. It seems dumb to bar people from investing in real, productive assets (even complex ones that m

Yes, that was my point. Both are scams, but both are very legal. It seems dumb to bar people from investing in real, productive assets (even complex ones that might have a poor rate of return relative to index funds) when we let them "invest" in things that are guaranteed losses on average.