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[return to "YC W22 Stablegains is being sued for losing $42M in funds from 4878 customers"]
1. Mizza+Lc[view] [source] 2022-05-19 08:13:43
>>donsup+(OP)
The name "StableGains" sounded exactly like "SafeMoon", a heavily advertised pump-and-dump shitcoin that, unsurprisingly, was not safe, and did not go to the moon. Free money with no risk sure sounds appealing though, just don't think too hard about it.
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2. drekip+ef[view] [source] 2022-05-19 08:40:01
>>Mizza+Lc
This is really the crux of the issue

How many people get duped into thinking there's such a thing as "unlimited gain" and "rewards without risks"

Like what, people are just going to give you money without you doing anything?

It would be largely beneficial to everyone, if we were to provide some basic economic/financial/"how money works" lessons to everyone through the use of schools and public education..

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3. JoeAlt+5w[view] [source] 2022-05-19 11:41:15
>>drekip+ef
Um, how all the super-rich got that way. Interest, dividends, annuities, heck any financial instruments at all.

But sure, lets make it a moral good that we don't (get to) have money too. The 1% deserve all the money!

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4. bombca+yH[view] [source] 2022-05-19 12:50:09
>>JoeAlt+5w
Almost all of not all of the current super rich got that way by owning shares in their company. Tesla, Amazon, etc.
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5. JoeAlt+o61[view] [source] 2022-05-19 14:54:40
>>bombca+yH
Then there's the bank owners etc. They got rich when banks were deregulated and then began skimming from every transaction. You do that for long enough, you have all the money.
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6. namdna+Xm1[view] [source] 2022-05-19 16:08:16
>>JoeAlt+o61
which "bank owners"?
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7. JoeAlt+Tf5[view] [source] 2022-05-20 19:16:06
>>namdna+Xm1
I'm confused. You don't think banks are owned?
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