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Here's a somewhat infamous video of #KyleSamani from #MulticoinCapital explaining with a straight face that it's actually GOOD for society if most 18-25 year olds get scammed out of their life's savings¹ because it will teach them lessons about risk.
Kyle Samani is buds with America's new "crypto czar" #DavidSacks - they're both investors in #Solana, the blockchain for #memecoins where the TRUMP and MELANIA memecoins were launched - and is now helping set American regulatory policy.
¹ by scammers like Kyle Samani
@cryptadamist It's funny because as a 20yo, I was mentioning to a more senior person in my first professional job, that I had gotten my first VISA card.
He said something like "there is no more powerful motivation for a young man than some debts".