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
23 replies
1 recast
13 reactions
kenny 🎩
@kenny
is there any statistical data backing up the idea that people who are accredited make better investments than those who are not?
1 reply
0 recast
3 reactions
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
2 replies
0 recast
0 reaction
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.
1 reply
0 recast
0 reaction
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
2 replies
0 recast
1 reaction
kenny 🎩
@kenny
ohh I'm stealing that one
1 reply
0 recast
0 reaction
keccers
@keccers.eth
They thus far have had better arguments than all y’all lmao there’s a lot more there I could feed ya 😂
2 replies
0 recast
0 reaction
shazow
@shazow.eth
lol please share, I'm enjoying this thread's journey
2 replies
0 recast
0 reaction
keccers
@keccers.eth
Speculation is prosocial “The alchemy of finance is to commingle speculation with legitimate business activity. We must mix these up as much as possible for the greater good That is how we civilized human degeneracy into something prosocial. Simply denying it is not only anti freedom, but straight up ineffective”
3 replies
0 recast
1 reaction
kia
@kia.eth
or better, tell these folks to join farcaster. we'll pitch in warps and create a channel.
1 reply
0 recast
1 reaction
