The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

isn't it weird that you can ruin yourself 101 ways but the one that you're barred from happens to be one of the only ways to 'ruin yourself' that happens to have an upside? 

i actually agree that the average person will not do well in these investments. the average person also doesn't do well day trading either.

lol please share, I'm enjoying this thread's journey

yes it's the elite (let's call them 'live players' via Samo Burja). but the bottom matters because our main problem is that we don't have enough of these live players. the 'elite and masses' are not two separate phenomena.

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

i guess my argument is that it's not just that the 'bottom' matters. it's the rate at which these two feed one another. i.e. it's a differentials game.

I think the perspective that this is missing is that there's different coordinating happening at different scales. "The Elites" are, almost by definition, operators at the highest scale (and most visible). Local/community/family/etc coordination is also critical, and largely invisible from large scale positions.