I think one can have compassion but there is also no need to infantilize people. It's not idiocy that drives people to this, it's greed. It's the idea of obtaining wealth without work, of speculation, and the thrill of what is plainly gambling. That is a vice in many traditions for a reason, and we would do well rather than just being compassionate to create a culture that doesn't tolerate it.
Protecting people from foreseeable disaster is not the same as infantilizing them, and greed doesn't explain why we need laws requiring seat belts and prohibiting unsubstantiated claims on herbal "remedies" and warnings that hot coffee is hot. A big part of the value of society is the accumulated experience of "seemed like a good idea at the time but wasn't", but only if we make sure that experience is shared with the next generation of tulip bulb speculators or beanie baby collectors before things get out of hand again.
>It's not idiocy that drives people to this, it's greed. It's the idea of obtaining wealth without work, of speculation, and the thrill of what is plainly gambling.
Is it greedy to have a 401k? People and companies have been pushing crypto as a reasonable investment for years. For example, it felt like crypto took the place of beer as the primary advertiser during this year's Super Bowl. It isn't all crypto assholes sitting at the top of Ponzi schemes who have been and will be hurt. Plenty of normal people only put their money in because they saw Matt Damon and Larry David talk about it on TV like any other traditional investment vehicle.
