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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kenny 🎩
@kenny
is there any statistical data backing up the idea that people who are accredited make better investments than those who are not?
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keccers
@keccers.eth
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
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kia
@kia.eth
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.
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keccers
@keccers.eth
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
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keccers
@keccers.eth
I do not believe this. I think people will just get progressively more feral. But then they say it doesn’t matter. “Machine cognition will be all that matters, and 99.99% of humans will be able retvrn to monke without creating moral panic”
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kenny 🎩
@kenny
ohh I'm stealing that one
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