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Over a decade of easy money has blurred the line between speculation and investment

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by COINS NEWS 98 Views

In a wealthion video from about five months ago, david trainer analogizes qe to taking away the pain response in a human body. A human who does not feel pain would not survive because we need negative feedback in order to successfully navigate our physical environment. Similarly, an "investor" who has only been operating in the post-gfc world only knows the "stonks (or crypto) only goes up" narrative. There's no serious pain/risk, just buy indexes or big caps and hodl.

Without this negative feedback our view of underlying reality becomes innacurate, and wildly so. Speculation is seen as investing. Do any eth "investors" have any idea how much revenue is generated within the ethereum ecosystem, or what the costs are? Does anyone know the names, professional backgrounds, and reputations of key players within this ecosystem other than Buterin? I don't. This is standard procedure for any minimally responsible investor and without it what you're doing is speculation. That's fine if that's what you're going for, but let's be clear about what we're doing here.

Crackium for all, and to all a good day :)

submitted by /u/DoItYrselfLiberation
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