> from the uninformed to the informed
Who's the uninformed here? In this case reddit broke the information asymmetry. This (total transparency) is the default in crypto(currency), and judging by history, people are not losing their money there.
Who's the uninformed here? In this case reddit broke the information asymmetry. This (total transparency) is the default in crypto(currency), and judging by history, people are not losing their money there.
But moving past talking semantics .. let's just see what happens when a bunch of crypto currency bubbles burst. Then re-evaluate your statement that people are bot losing their money there. (To be fair, it will happen in the open, and not because of intransparency, which was likely your point.)
In addition, the fundamentals of Madoff were there too for very long while a greater fool existed. This "asset" doesn't produce anything, doesn't help produce anything, and can never pay a dividend. So IMO it's worth 0.
Euh, Tether and dropping from 20 k to 4 k is "not losing money"?