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by RhodoGSA 1825 days ago
>What about making it easier for normal people to have access to the same IPOs that Thiel had access to?

I agreed with everything you said but the above. It gets weird when financially illiterate have access to 'Private companies'. Look at what happened to dogecoin.

Edit: Financially literate is a loose term, but a million in assets not including real estate does seem excessive.

1 comments

Honest question: do you think it’s a good idea to protect people from themselves?
The answer isn’t binary, it’s a sliding scale between 0 (zeroism, nobody is allowed to be harmed by anything) and 1 (do whatever you want).

Seat belts, road signs, the FAA, the FCC, the FDA … all these are protecting people from harming themselves.

I don’t think it’s possible to have a functioning society at 0 or 1, but whether 0.35 or 0.55 is a better setpoint is hard to say for sure.

So more like yes for some cases, no for others. But how do you choose?
Consensus. Either direct or indirect, because that's part of what a society is.