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A comment on Tether starting to lose its peg too, after Terra did. Parent comment

Re:Tether starting to lose its peg too, after Terra did by danielmarkbruce on Friday May 13, 2022 @11:54AM (#31369205)
Non accredited investors aren't allowed to invest in many things where the seller of securities is telling the truth. Most startups in the US under most scenarios cannot go around pitching non accredited investors.

Other than that, lies and manipulation are part of the equation. It's a bad decision to blindly trust anyone or anything. You can't separate smelling bs from judgement.

The whole concept of an accredited investor is basically saving people from themselves.

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Re:Tether starting to lose its peg too, after Terra did by nightski on Friday May 13, 2022 @01:56PM (#31370622)
That is more gatekeeping than anything. There are plenty of very risky plays available in the stock market.
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Re:Tether starting to lose its peg too, after Terra did by danielmarkbruce on Friday May 13, 2022 @02:23PM (#31370935)
Why are they gatekeeping? To protect people from themselves.

The SEC has a pretty ill defined set of risks they are trying to protect people from. People will find ways to lose their money if they don't have a general "wait, do I have a clue what I'm doing here?" filter.

[ Parent | on HN ]