keccers
@keccers.eth
Unpopular opinion: this is not a problem worth addressing You think “oh waaah Joe Schmoe is deprived the ability to be the next Fred Wilson!!!” as if they would have his deal flow Removing accreditation will just fast track Joe Schmo to bankruptcy https://x.com/saraledterman/status/1497745438241296384
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Jonny Mack
@nonlinear.eth
oof. katherine, no. if the US had better accreditation laws it would completely change the concept of "deal flow" as we currently know it. mid-market capital investment is a trillion with a T dollar industry. there's an enormous gap between vc and s&p 500 that most retail is forbidden from touching
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keccers
@keccers.eth
I would be down for expanding accreditation with additional types of competency tests, and allowing 401ks to have exposure to vc. I dislike the idea of a free for all Everyone here is the perfect slice of pop to be aggrieved—super smart, prob worthy of accreditation, but may not have. But an overall minority
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_slow_crypto 🌅⏳🪁
@slowcrypto
Does it count that I had to pass a test on Kraken to continue using them in January b/c UK regulators? Totally accredited now.
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keccers
@keccers.eth
That counts and that is wild! Was the test hard?
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_slow_crypto 🌅⏳🪁
@slowcrypto
Nope. If you failed it you shouldn’t be using it. Things like ‘if you lose money investing with Kraken can you be a big baby and claim govt compensation?’ But I did have to choose everyday investor/HNWI/professional trader then say how much % of my net worth was invested in crypto so :-/
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keccers
@keccers.eth
😂 the plot thickens. Kind of weird to ask bc for all they know that status could have change at any time
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_slow_crypto 🌅⏳🪁
@slowcrypto
💯 I was a bit stumped having turned next to no money into some money. Do I say the entry % or the current one? I’m very far from crypto rich - first cycle after all - but those two figures are noticeably different.
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