RE: If Stocks Aren't Allowed To Fail, How Can You Say Bitcoin Will?

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Makes sense to me. And yes, psychologically, it is hard for the "old dogs to learn new tricks". But yes, it is the challenge and freedom to directly manage ones affairs. And one thinks about the old model, just buy into funds/pensions for companies that extract and pollute and mistreat their workers ... many raided other companies, bankrupted other pensioners, or left the country entirely. The whole thing was a bit rigged when you really think about it. It was an "ask no questions" system... we need to get to an informed economy with deliberative democracy, where people can make their money support things they believe in. So much to do !!



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Yeah the old way granted gave us a lot of modern advances but we didn't take into account all the unseen losses and moral hazard you mention here. crypto might be a retail frenzy but at least you're responsible for yourself and you have control over how you fuck it up or not

I think this concept has not crystalised yet but once it does man oh man are we in for drastic changes

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