the first place again?
Degen trading capital efficiency
Or just to unlock liquidity in case of a personal emergency, ie like accident or health reasons
Shouldnt have invested it in the first place then right. Adagium = dont invest what you cannot afford to lose
But you haven’t lost it, it’s there, just in illiquid assets. Think of the type of situations in which one of your loved ones gets cancer, and if you had access to liquid funds you would use them to help them out with healthcare expenses or the inability to work.
If I have to guess this system would get used for 99,9999℅ by people aping and degens, and the remaining 0.0001℅ might be the ones who need it for totally unforseen medical bills.
The core tenet of crypto is economic freedom. If you don’t believe in that you might as well go back to tradfi where you need to become an accredited investor to invest in whatever you want. I, on the other hand, believe in personal responsibility, and that you shouldn’t universally limit freedoms just to keep the bumper rails up for the stupid.
Ye, freedom is nice and all, nobody saying we need to prevent people from having freedom, but it doesnt mean you have to build something which is bound to go wrong since we have seen by decades of history people cannot handle risk management and just ape. If it would be just them destroying their portfolio fine, but when the bubble gets too large its a disaster for the whole market.
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