21–30 of 222 posts
If there's one thing to take away from the GME debacle it is that organized, incentivized retail investors can make a stock do crazy things. Now take that and multiply it by a factorial with the general interest, shilling, and breadth of the crypto community! Recipe for INSANITY around this listing.
Good free markets should be free. No government bailouts no problem.
If there's one thing to take away from the GME debacle it is that organized, incentivized retail investors can make a stock do crazy things. Now take that and multiply it by a factorial with the general interest, shilling, and breadth of the crypto community! Recipe for INSANITY around this listing.
I think the DeFi work is more interesting, particularly stuff like this: https://uniswap.org/
Still early, but truly decentralized exchanges are super interesting.
Earlier quoted context omitted.
Then eventually things implode, society collapses, a dictator takes over after claiming they will help the starving masses and so on. Starving masses who have lost their life savings do not make for a good place to live even if you avoid being one of them. Society should be protected from the fallout of capitalism to a reasonable degree.
If you lost your life savings on GME, you deserve to starve edit: the only way you could be losing your life savings on GME is with a dumb, arrogant short position. yes, you should starve...isn't this what a short sale is anyway? A bet that someone else will starve?
Earlier quoted context omitted.
Good free markets should be free. No government bailouts no problem.
Then eventually things implode, society collapses, a dictator takes over after claiming they will help the starving masses and so on. Starving masses who have lost their life savings do not make for a good place to live even if you avoid being one of them. Society should be protected from the fallout of capitalism to a reasonable degree.
The myth of the "free market" is in the same vein as the centrally planned economy of a socialist state.
Earlier quoted context omitted.
Good free markets should be free. No government bailouts no problem.
Then eventually things implode, society collapses, a dictator takes over after claiming they will help the starving masses and so on. Starving masses who have lost their life savings do not make for a good place to live even if you avoid being one of them. Society should be protected from the fallout of capitalism to a reasonable degree.
Governments are the cause of mass starvation and murders, please see China, USSR, Germany, and on and on.
The cofounder of reddit, Alexis Ohanian, owns a capital firm called Initialized Capital. That firm owns coinbase.
https://blog.coinbase.com/coinbase-announces-proposed-direct...
Why isn't Coinbase doing a security token offering?
Earlier quoted context omitted.
Then eventually things implode, society collapses, a dictator takes over after claiming they will help the starving masses and so on. Starving masses who have lost their life savings do not make for a good place to live even if you avoid being one of them. Society should be protected from the fallout of capitalism to a reasonable degree.
Protected by people with lofty ideals like yourself? Where are these high minded incorruptible individuals? Governments are the cause of mass starvation and murders, please see China, USSR, Germany, and on and on.
All caused by revolutions caused by massive economic issues and societal issues. In other words, capitalistic collapse of society leads to dictatorship which leads to horrible things. Like I said in the post you replied to. So thank you for making my argument for me.
We already knew this, right? What is new?