News for hackers. Stuff that matters.

A comment on Terraform Labs Caught Moving $4.8M Through Shell Company. Parent comment

Re:Terraform Labs Caught Moving $4.8M Through Shell Company by rm_-rf_slash on Wednesday June 01, 2022 @01:08PM (#31584891)
I would reckon minimum wage workers who have never been offered a company sponsored retirement plan or had enough to save for retirement at the end of the month, would not likely understand the mechanics of a system they can’t even participate in.

In other words, a lot of people.

[ Parent | on HN ]
Re:Terraform Labs Caught Moving $4.8M Through Shell Company by boringg on Wednesday June 01, 2022 @01:59PM (#31585619)
No offense but I don't think it's minimum wage workers who are putting tons of money into the crypto market. And my argument about who doesn't understand 401k is to the demographic who invested in this specific asset class which likely isn't minimum wage workers.
[ Parent | on HN ]
Re:Terraform Labs Caught Moving $4.8M Through Shell Company by staticassertion on Wednesday June 01, 2022 @02:34PM (#31586157)
The point is that people who participate in 401ks likely understand (in the majority) how they work to a reasonable degree. It's not reasonable to compare it to crypto where the people who participate understand virtually nothing about it.
[ Parent | on HN ]