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

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

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com 

is there any statistical data backing up the idea that people who are accredited make better investments than those who are not?

building pics or it didn't happen - poidh.xyz - do fun stuff to earn crypto - come chill /poidh + follow @poidhbot

It’s not that they are better or worse or anything 

The barriers to the status aren’t so much about “being smart” as it is proving you won’t ruin yourself 

You can take a test to prove this, or you can just be rich enough that they are like fine, do what you want, you have enough

One of the arguments being made over here to me is that access to such investment opportunities will actually decrease appetite for other types of speculation like sports gambling

One of the arguments being made over here to me is that access to such investment opportunities will actually decrease appetite for other types of speculation like sports gambling 

https://warpcast.com/keccers.eth/0x91cd39d7

isn't it weird that you can ruin yourself 101 ways but the one that you're barred from happens to be one of the only ways to 'ruin yourself' that happens to have an upside? 

i actually agree that the average person will not do well in these investments. the average person also doesn't do well day trading either.

I mean i seethe and cope over that stuff too. It’s not right the way gambling is being normalized imo. To me the bigger problem actually is the normalization of gambling + spread of that mentality, that success by hard work is impossible; the only way to win is entering these lotteries

if you are going to ruin yourself, can't you do that on good old stocks/casino/crypto already?

I find the argument "they were just a normal risk averse person until they got into those dangerous VC markets!" a bit ridiculous