Hacker News new | ask | show | jobs
by majormajor 1428 days ago
It's asymmetrical.

You can feel smug and vindicated for being treated unfairly in the past, I won't take that away from you, it sucks that it happens.

But the amount of airtime paid for by people saying "be careful" or even a nuanced "I like bitcoin long-term but be careful with some of these risky new schemes" was basically zero compared to the amount of resources relatively rich people spent trying to convince suckers to make them even richer by buying into their bullshit.

I say, don't blame the victim without trying to fix that as well. Why do we shrug when millions are spent to try to outright lie?

1 comments

I'm not shrugging. I think you shouldn't be allowed to do fraudulent ads for investments, and that the loophole of "it's not USD so it's not a real, regulated investment" is wrong. I would like to see most of that industry thrown in prison.

But I have zero sympathy for the people who dumped their life savings into something that sounded too good to be true, and were jerks toward anyone telling them about the risks / misunderstandings. I know someone in his 60s who put his life savings into it, and (until I explained it) didn't know that bitcoins were mined. Did not know where they came from, just understood that the line was going up. (I do have some sympathy for him because he wasn't a jerk about the whole thing, but, the others... nah).