Earlier quoted context omitted.
> At its root, it's a hatred of the "get rich quick" aspects of crypto. It evokes the same contempt that old-wealth (people with butlers) have for new-wealth (people with Lamborghinis): that they're childish, didn't earn their privileges, and need to be reined in. It's class signalling. My hatred of get-rich-quick schemes has nothing to do with class signaling. I hate such schemes because they're almost universally s…
I agree that get rich quick schemes are sad, but on the other hand, when I turn off my adblock, 99% of ads I get on YouTube are for copytrading with traditional stocks on eToro. Financially illiterate people get given a rope to hang themselves with crypto, but it doesn't take away from the benefits of crypto, which I think has a (small) place in any portfolio, and could potentially be a lifesaver in any cashless+NIRP…
Is giving up the ability to detect those things good?
I wouldn’t use a bank that didn’t care to identify who was withdrawing my money…