IDK, man. I feel like this is the same homogenizing force as Spotify, or influencers on Instagram, driving us all into the same gravity well. What I'd *like* ... what I've looked for and failed to find, are ways to invest "locally", to bet on strangers' enterprises, sure, but strangers that satisfy a locality predicate, local in space mostly, but perhaps local in ethos (like B corps or co-ops), or domain (not the useless "tech" or "life sciences" but something more refined).
Does your play with etoro suggest that's possible there? On 11/17/22 08:16, Roger Critchlow wrote:
Tsk, so many bad investments, so little time! Binging Sandy Pentland led me to etoro.com <http://etoro.com>, where everybody can see how everybody's portfolios are doing. The front page gives the top crypto traders on the site, who are all around -70% for the past year. But scroll down and you find out that they range from +27% to +197% for the past two years. -- rec -- On Wed, Nov 16, 2022 at 12:02 PM Marcus Daniels <[email protected] <mailto:[email protected]>> wrote: Having investments go bad makes me feel prosperous, like going to the dentist. I probably shouldn't have investments. -----Original Message----- From: Friam <[email protected] <mailto:[email protected]>> On Behalf Of glen Sent: Wednesday, November 16, 2022 8:57 AM To: [email protected] <mailto:[email protected]> Subject: Re: [FRIAM] (not) leaving Twitter I know, right. My Ada's down from $200 to $100! I'm not quite sure how I'm gonna pay the rent. /s I saw some post on Mastodon that I can't find now. The person was lamenting FTX and how they knew 2 people personally, one who lost $90k and another who lost something like $10k. And he closed with "neither of which could afford it." Maybe I'm cruel. But my first thought was, why in hell did you have $90k in crypto if you couldn't afford to lose it? I mean, I know there's a sucker born every minute ... but $90k? I could live for at least a couple of years on that. To even have 90k to invest *at all*, anywhere, implies something. On 11/16/22 08:44, Marcus Daniels wrote: > Lol, well I guess I bought the right Proof of Stake crypto. (Not really, I got demolished too!) > > -----Original Message----- > From: Friam <[email protected] <mailto:[email protected]>> On Behalf Of glen > Sent: Wednesday, November 16, 2022 8:39 AM > To: [email protected] <mailto:[email protected]> > Subject: Re: [FRIAM] (not) leaving Twitter > > More Billionaire news [sigh]: > > What happened at Alameda Research > https://milkyeggs.com/?p=175 <https://milkyeggs.com/?p=175> > > On 10/31/22 10:28, Steve Smith wrote: >> Great quote from CDs screed: >> >> "Every billionaire is a policy failure, but every billionaire is also a factory for producing policy failures at scale."
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