Hacker News Reader

https://www.ycombinator.com/companies/stablegains

"Stablegains makes earning with DeFi simple and safe for consumers and businesses alike."

Crypto is a cesspool. Ethical businesses shouldn't be promoting it, particularly as "simple and safe".

There’s a reason (really a multitude of reasons) why there are so many securities rules and laws. They phrase “widows and orphans” in that area didn’t come from nowhere.

There's a lot of securities rules and laws that make absolutely no sense though.

A person can buy $1000 worth of lotteries tickets right now but doesn't qualify for sophisticated investor status so is unable to invest $1000 in a huge number of startups.

With a lottery ticket you know what you're getting

An expected value of -35%?

Yep! There's no room for smoke and mirrors. Everyone understands what the lottery is, whereas some random private startup could be totally legit or could be a total scam.

They are retail investors, and there are generally very strong laws to protect them from this sort of scam. Examine that failure.