AnilA thing I’m reflecting on is that, a generation ago, Enron became a symbol of corporate corruption for (among many other things) costing pension funds $2B with their scams. Compare that to how much crypto scammers must have already cost pension funds dabbling in this shit. And yet they’ve avoided nearly as much outrage.
Kim Scheinberg@anildash
Not until this moment had I considered that pension funds are dabbling in crypto. I know about the politicians claiming to take their salaries in crypto, and I know about El Salvador, but... <google> Holy shit!
"According to a recent study, 94% of America’s state and local government pensions—often regarded as the dumbest institutional investors in the world by Wall Street—are gambling on cryptocurrencies."
Maybe I'm uniquely ignorant, but is it possible not enough people know yet?
Jorge Stolfi