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by joosters
3257 days ago
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It's a common fallacy that people think "I'm good at X, so I must also be good at Y" It seems to afflict techies the most, somehow we think just because we can understand computers, we must therefore be skilled in other domains too, like investments... |
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I'm claiming that if I understand smart contract code, I'm good at evaluating a white paper's technical claims about a project being built with smart contract code.
Also I'm claiming this makes me better prepared to invest in these projects than, say, a cardiologist. But the SEC would be perfectly happy to let the cardiologist invest, while restricting the programmer who actually understands the industry.