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points by janalsncm 6 hours ago | 0 comments

People got out of crypto after the Mt Gox thing. The ones who stayed accepted the risk.

There is selection bias in play now. The remaining people are naturally more risk tolerant. So I agree this second time around, no lessons will be learned.

[–] Eji1700 1 hour ago

The vast majority of crypto being held now was purchased by people who had never even heard of Mt Gox.

[–] wmf 6 hours ago

Most people in crypto are noobs, not hardened veterans of previous hacks.

[–] Waterluvian 6 hours ago

By definition maybe they’re more risk tolerant. But I’m not sure they consciously identify as that.