Re:FTX to file for U.S. bankruptcy, CEO resigns
by piva00 on Friday November 11, 2022 @02:03PM
(#33565176)
> I would rather see people be more scrutinizing when giving their money to others.
"I just wish everyone is better" is never a solution for anything that has mass appeal/is used by the general public. You can't ever depend that individual actions will solve a systemic issue, it's not realistic.
Re:FTX to file for U.S. bankruptcy, CEO resigns
by qudat on Friday November 11, 2022 @02:34PM
(#33565630)
The same argument can be made for government intervention.
I don’t buy it, there are a ton of examples where not only does the gov get it wrong but also have the opposite effect of what they were trying to achieve. Good intentions is not realistic.
The systemic issue is education.
I would rather see people be more scrutinizing when giving their money to others. It doesn’t matter if there are rules and regulations, people are always going to be duped. When I read about FTX I just think that people need to be better educated.
Maybe one could argue that the rules and regulations are specific to providing consumers with tools to make educated decisions about financial investments.