This is financial advice and I urge you to listen to me and invest everything in ShitCoin!
As you know I’m not a crypto expert, which is why I try to read what others have to say on the state of the market and one thing I find surprising is the ‘disclaimer’ on every post - this is not personalor financial advice, this page and this author are not liable for any loss. And I wonder why the need for a disclaimer?! I do understand an author’s need to protect against a potential lawsuit, but the question is who in their right mind would even consider such claim as valid? So you lost all your money because some guy on the Internet said you should buy ShitCoin? Not a scammer with a dodgy ICO (those should be punished), but some ordinary dude who spends time drawing charts and studying marketcaps. And this dude believes the markets are going to explode and writes a very encouraging post. How is he to blame if the bears get even stronger and all the coins are drowning in a sea of red? He never put a gun to your head forcing you to invest everything.
The idea that you could potentially sue someone for the financial advice they gave stems from the childish notion that there is always someone to blame for your mistakes. Like a child throwing rocks at a house, breaking all the windows - ‘because Timmy told me to’. I wouldn’t tolerate such an answer from my son, but there are unfortunately many who have no problem blaming no matter who for their own screw-ups, thus confessing to their own ignorance and complete lack of judgement.
No wonder the powers-that-be tend to treat masses like a bunch of ignorant children. And using this presumed ignorance to decide what ideas we can safely be exposed to - mainly the official narrative. In my country there have been numerous calls for people who expose ‘dangerous’ ideas not to be allowed on TV, for instance. People that question vaccines safety or praise alternative cancer treatments should not be allowed to speak publicly, because the people might believe them. Never at any time is there a presumption that people exposed to ‘outlandish’ ideas might actually use their own brains to judge the merits of such claims. The masses are too childish to ever use their own judgement, we are told, therefore the need to ‘protect’ them for dangerous ideas. This is why we have people who want to censor our newsfeed and weed out the ‘fake news’, the stuff we cannot hear, lest we might believe it.
There are some who complain of the nanny-state and the dangers of being treated like children, but I’m afraid it’s a dwindling minority. We’d much rather be treated like children if this means we don’t have to take responsibility for our mistake and there’s always someone we can sue when we fuck-up!
Some months ago there were plenty of those who were optimistic Steem would get to $15 by the year’s end… or even $100? I’m sure many of you can no longer bear to look at the markets these days so what do we do? Who can we sue for our frustrated expectations?
Thanks for reading
Very interesting read and I'm sure you have a valid point on doing something logically or psychologically specially if we are acting like kids. We have to be aware of the benefits and dangers that out there in this vast ocean where many wonders might be found but many things can get us drown as well.
Yeah, I have used the dis-qualifier myself on the few posts I did here about Steem. The government has made many examples here in the U.S. on those who would share their voices and experiences that does not keep the money flowing to the approved financial and medical corporations. Can't have people freeing themselves from the sicknesses and wage poverty that those experts cage the people in.
I've always found the American legal system very weird - looks like you can sue anyone for whatever crosses your mind.... except for the government, big pharma...
I relate to this in the sense, this site is big on crypto (obviously).
That's not why I'm here.
I'm here to post my creative works & get feedback while experiencing the works of others.
I don't even understand how the reward system works & have no intention of learning how.
What I will say is; currency, be it crypto or fiat or whatever, currency is a greater fiction than I could ever hope to create, sold to an audience so vast I can't even fathom.
Why is €50 or $50 or £50 worth what it is? BECAUSE WE SAY IT IS!
Because of confidence. Because no matter where I go in the world, if I pull out a €50 note & slap it down on the counter, it'll be accepted as valuable, for completely fuckin' arbitrary reasons I struggle to wrap my mind around.
It's an illusion folks, a deadly game we're all guilty of allowing ourselves to participate in.
Currency?
Ppffftt, if you're going to indulge in folly, then at least have a touch of class & sense of nostalgia.
Buy some gold (don't get strung out on it, the love of it is equally as destructive as love of money) at least it has historically never not been valuable, and least it's pretty to look at it...
Hopefully, fiction will endure long after we free ourselves from the illusion of money.... in the meantime, we're pretty focused on getting some cryptos and see them going up. I don't know about others, but for me it would mean some peace of mind, so I can enjoy things I like... like reading fiction.
The reality is people are always looking for a shortcut to get 'rich', to the point that will blindly follow others 'advice' and when said advice turns out to be wrong they will blame them rather than taking responsibility for their own actions.