>I'm reading your comment as admitting that the idea that any of these should be seen as mainstream investment vehicles is nonsense
Perhaps? Depending on your view on how much stupidity is allowed, the only thing that qualifies as a "mainstream investment vehicle" is broad market ETFs.
>There are many, many parties pitching people on the idea of investing in this stuff right now without pitching them on reading a bunch of code.
Yeah, that's what "caveat emptor" means.
>"This is all bullshit based purely on hype but I'm not gonna come out and say that, you just have to realize it by reading the code," basically.
you realize that both can be true? If some hustler pitches you some penny stocks and gives you false information (eg. fake earnings reports), that's fraud and definitely not okay. However, if you got suckered into some penny stock because some guy on wsb posted his gains and you got greedy, that's on you.
Perhaps? Depending on your view on how much stupidity is allowed, the only thing that qualifies as a "mainstream investment vehicle" is broad market ETFs.
>There are many, many parties pitching people on the idea of investing in this stuff right now without pitching them on reading a bunch of code.
Yeah, that's what "caveat emptor" means.
>"This is all bullshit based purely on hype but I'm not gonna come out and say that, you just have to realize it by reading the code," basically.
you realize that both can be true? If some hustler pitches you some penny stocks and gives you false information (eg. fake earnings reports), that's fraud and definitely not okay. However, if you got suckered into some penny stock because some guy on wsb posted his gains and you got greedy, that's on you.