Re:Do Kwon in more trouble
by mise_en_place on Saturday June 11, 2022 @01:22AM
(#31702161)
I'm all for the free market and personal accountability, but there should be some safety measures in place to protect the most vulnerable, naive, etc from being destroyed financially by adverse selection.
Schwab or Ameritrade won't just let you trade forex and commodities futures, futures options, and stock/etf options unless the application has been reviewed and the investor discloses they know the risk. It should be the same for crypto IMHO.
Crypto is just gambling now.
Every day I'm watching my coworker spend all his "the boss is not around" time looking at the black screen of the Binance charts. It's sick.
Re:Do Kwon in more trouble
by richardfey on Saturday June 11, 2022 @02:43AM
(#31702484)
He'll get tired of it or lose all his money, whichever comes first.
Re:Do Kwon in more trouble
by AlbertCory on Saturday June 11, 2022 @01:36AM
(#31702221)
This is really the same argument as "let's legalize heroin, as long as you sign a form saying you know what you're doing."
Maybe that's not a problem for you.
I am a freedom-oriented person. This includes legalizing LBGTQ marriages, interracial marriages, and enabling adults of solid mental state to ingest substances of their choosing.
If all drugs were legal and freely available, why would people even choose to take heroin, if they're not already addicted.
Re:Do Kwon in more trouble
by ohgodplsno on Saturday June 11, 2022 @12:29PM
(#31705734)
Because the problem is not the access to drugs. Sure, it's illegal, but you can find weed, heroin, cocaine, lsd, shrooms, anything you want provided you know the right sellers.
Only heroin is in the sweet spot of strong kick, immense pain relief and extremely cheap. People take cheap drugs because they're poor, not because they don't want to get their hands on pure colombian coke.
I wouldn’t be opposed to forcing everyone who wants to buy crypto to sign a letter saying (paraphrased) “I’m an idiot and if I lose everything I deserve it”. I’d rather you let the individual gamble rather than ban all speculation and risky endeavors.