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crab notes 🦀 lobsterdao crab notes 🦀 lobsterdao @crab_notes · 8.04K subscribers
Post #545 2.07K
Only the rich can buy shitcoins

A thread from Jake on why accreditation rules are not supposed to get fully abandoned. The main reason is to not create an ICO craze in the normal world due to information asymmetry... like that’s working 🤷🏻‍♂️

I fully disagree with the arguments though. If you touch something you don’t know about and get burned - that’s your lesson. What do you think?

Accreditation rules: yay or nay?

🤖 twitter.com/jchervinsky/status/1121429980968378368?s=21
Twitter Jake Chervinsky 0/ The accredited investor rules aren't perfect, but they serve a valid purpose & eliminating them without a replacement is a very bad (and illogical) idea. Before this discussion goes further, let's get some clarity on what these rules are & how they actually…
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