[FRIAM] (not) leaving Twitter

[glen]

IDK, man. I feel like this is the same homogenizing force as Spotify, or influencers on Instagram, driving us all into the same gravity well. What I'd *like* ... what I've looked for and failed to find, are ways to invest "locally", to bet on strangers' enterprises, sure, but strangers that satisfy a locality predicate, local in space mostly, but perhaps local in ethos (like B corps or co-ops), or domain (not the useless "tech" or "life sciences" but something more refined).

Does your play with etoro suggest that's possible there?

On 11/17/22 08:16, Roger Critchlow wrote:
> Tsk, so many bad investments, so little time!
> 
> Binging Sandy Pentland led me to etoro.com <http://etoro.com>, where everybody can see how everybody's portfolios are doing.  The front page gives the top crypto traders on the site, who are all around -70% for the past year.  But scroll down and you find out that they range from +27% to +197% for the past two years.
> 
> -- rec --
> 
> On Wed, Nov 16, 2022 at 12:02 PM Marcus Daniels <marcus at snoutfarm.com <mailto:marcus at snoutfarm.com>> wrote:
> 
>     Having investments go bad makes me feel prosperous, like going to the dentist.    I probably shouldn't have investments.
> 
>     -----Original Message-----
>     From: Friam <friam-bounces at redfish.com <mailto:friam-bounces at redfish.com>> On Behalf Of glen
>     Sent: Wednesday, November 16, 2022 8:57 AM
>     To: friam at redfish.com <mailto:friam at redfish.com>
>     Subject: Re: [FRIAM] (not) leaving Twitter
> 
>     I know, right. My Ada's down from $200 to $100! I'm not quite sure how I'm gonna pay the rent. /s
> 
>     I saw some post on Mastodon that I can't find now. The person was lamenting FTX and how they knew 2 people personally, one who lost $90k and another who lost something like $10k. And he closed with "neither of which could afford it." Maybe I'm cruel. But my first thought was, why in hell did you have $90k in crypto if you couldn't afford to lose it? I mean, I know there's a sucker born every minute ... but $90k? I could live for at least a couple of years on that. To even have 90k to invest *at all*, anywhere, implies something.
> 
>     On 11/16/22 08:44, Marcus Daniels wrote:
>      > Lol, well I guess I bought the right Proof of Stake crypto.  (Not really, I got demolished too!)
>      >
>      > -----Original Message-----
>      > From: Friam <friam-bounces at redfish.com <mailto:friam-bounces at redfish.com>> On Behalf Of glen
>      > Sent: Wednesday, November 16, 2022 8:39 AM
>      > To: friam at redfish.com <mailto:friam at redfish.com>
>      > Subject: Re: [FRIAM] (not) leaving Twitter
>      >
>      > More Billionaire news [sigh]:
>      >
>      > What happened at Alameda Research
>      > https://milkyeggs.com/?p=175 <https://milkyeggs.com/?p=175>
>      >
>      > On 10/31/22 10:28, Steve Smith wrote:
>      >> Great quote from CDs screed:
>      >>
>      >>      "Every billionaire is a policy failure, but every billionaire is also a factory for producing policy failures at scale."


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