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A comment on We’re discontinuing the Stablegains service. Parent comment

Re:We’re discontinuing the Stablegains service by HL33tibCe7 on Saturday May 21, 2022 @07:08PM (#31463013)
The fact that people are putting their money on the line without realising this extremely basic fact of finance is concerning to say the least.

And the fact that YC actually invested in this company which claimed to contravene that basic rule is staggering.

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Re:We’re discontinuing the Stablegains service by Nextgrid on Sunday May 22, 2022 @08:05AM (#31467219)
> And the fact that YC actually invested in this company which claimed to contravene that basic rule is staggering.

StableGains was skimming off the top so they weren’t directly exposed to the risk of the underlying asset.

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Re:We’re discontinuing the Stablegains service by oefrha on Sunday May 22, 2022 @12:45AM (#31464954)
> without realising this extremely basic fact of finance

More like claiming they didn’t know when they lose it all. Admitting “I gambled and I lost” isn’t a recipe for sympathy and possible compensation.

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