[dmitriid]

> You underestimate the utility of a global financial system which can be participated in by anyone.

Ah yes. By anyone. Especially those who got in early before the prices skyrocketed and can now enjoy the global financial system of... currency manipulation and hoarding.

> I'm afraid you are the one who must be kidding, if you think that internet TV is more important than leveling the financial playing field.

You must be kidding when you call scams, currency manipulation, hoarding and zero customer protections a "level playing field for a global financial system".

> They are still in their infancy, the investment in knowledge that is required to use them well remains quite substantial.

The only investment in knowledge there was (and there was very little of that) is discovering why existing systems are the way they are and keeping busy reinventing them.

[yebyen]

> discovering why existing systems are the way they are and keeping busy reinventing them

You may have had access to those existing systems (the global financial market) before Ethereum, but many of us did not. Being able to take a risky asset, and hedge it against itself, is not a strategy that I was aware of two years ago.

I was a 12 year old investor and E-trade told Grandma and Auntie that they would have to sell their Red-Hat stock, back in 2003 or 4, because it had gone down so much in value that it was no longer worth the monthly trade commission to maintain the position open. We bought some stock after IPO, and had bad timing by a few months. If they had known then what we know now, well...

I'd not be here wasting my time talking about re-inventing the global financial system on the internet, believe you me. That was a good investment, bad system and bad timing.

Do you have any idea how exploitative the global financial system is for people who are not "in the know"? It's well over time we reinvent it all. This is awful.

[dmitriid]

> You may have had access to those existing systems (the global financial market) before Ethereum, but many of us did not.

Many you... who?

> Being able to take a risky asset, and hedge it against itself, is not a strategy that I was aware of two years ago.

That's not "leveling the playing field". It's either "financial education" (because it's something you could always do in "traditional finance"), or "let the suckers come, the more the better" (most of crypto).

> I'd not be here wasting my time talking about re-inventing the global financial system on the internet, believe you me.

Oh, I do believe you. Crypto maximalists never talk about it. They only speak vague trivialities and then disappear.

> Do you have any idea how exploitative the global financial system is for people who are not "in the know"?

Ah yes. Unlike the cryptoscams.

> It's well over time we reinvent it all. This is awful.

Ah yes. Unlike the cryptoscams.

[yebyen]

> That's not "leveling the playing field". It's either "financial education" (because it's something you could always do in "traditional finance")

OK. Now we are really splitting hairs, because "education" actually doesn't count as "leveling the playing field." I'm totally done here, you just played yourself.

You go ahead and educate yourself in the traditional exploitative financial system, and I'll continue my education here in the exploitative crypto-financial system. And we shall never talk again. That would be a positive outcome, right?

[dmitriid]

> OK. Now we are really splitting hairs

We're not. I'v directly responding to what you write, and not to hat you think you write.

You started with "leveling the playing field" and continued with "Being able to take a risky asset, and hedge it against itself, is not a strategy that I was aware of two years ago".

> You go ahead and educate yourself in the traditional exploitative financial system

Ah yes, you continue to use the words you don't fully understand, but since they are emotionally charged, this makes them the right arguments in your mind.

> And we shall never talk again.

As I already said, "Crypto maximalists ... only speak vague trivialities and then disappear."

[yebyen]

If you antagonize someone in a discussion, they're going to disappear. I don't need a degree in crypto-finance to tell you that. I'm not here for any of this.

If you want to engage me in a proper discussion, you can look me up. I've been on the internet using this name since I was 12 years old (and yes educating people, and also getting educated myself.) I'm not going anywhere.

Why don't you explain more about how easily accessible those traditional financial instruments are for normies? I'm interested in that information, can you provide links?

[DonHopkins]

You haven't disappeared as you promised, you keep replying. Please keep your promises when you make good ones with positive outcomes like disappearing. It makes you seem insincere when you keep promising to disappear, but don't. There's a huge difference between disappearing because somebody actually antagonized you, and disappearing because you couldn't prove your point and decided to act antagonized because people wouldn't believe your wild claims without proof.

[dmitriid]

> If you want to engage me in a proper discussion

I did try to engage in the discussion. "I'd not be here wasting my time talking", "You go ahead and educate yourself", "we shall never talk again." are hardly a proper response.

> Why don't you explain more about how easily accessible those traditional financial instruments are for normies?

Define "normies" first. Or better still, drop this condescending pejorative.

> I'm interested in that information, can you provide links?

I have no links, as it's a service often provided directly by your bank. Right now I have some money invested in risky assets that in the past two months sank 10% due to the way the world is right now.

There are multiple lists of "best books about investment", so you could start there. You know why? The absolute vast majority of "innovation" and "knowledge" in crypto space falls roughly into:

- scams

- currency speculation which is indistinguishable from Forex trading except that it's running on "smart contracts". Forex trading was huge in some countries (Moldova and Turkey among those I know about) in early-to-mid 2000s. I had friends at university heavily invested in it. It probably still is quite popular (and it's very popular in "defi" which is rarely anything but currency speculation and unsecured loans).

- asset hoarding + speculation. "Buy cheap, hype, hope for the price to go up, sell". Indistinguishable from anything traditional (from stocks to bonds to Ponzi schemes): you buy an asset, wait for the price to go up, sell.

What crypto is busy discovering is why "traditional finance" has all these things in place: KYOC, fraud protection and prevention, reversibility of transactions, deposit insurance, functional courts and laws etc. And is just as busy re-inventing all those, poorly.