There are lots of scarce assets I don't invest in. I think it is more irresponsible to invest when you don't have complete clarity on what the asset is, the market for it, the security around that market, the regulatory foundation of the market and the asset, the total risks of the assets, and a history of the misuses, enforcements, and overall confidence in that regulatory infrastructure. Those are, in outline, the things I don't understand.

From where I stand, the risks to Bitcoin and cryptos all evaporating are far higher than currently acknowledged by most crypto fans. One of the bigger risks is regulatory. Not a single central government is willing to have their economies subject to the wild-west whims of an unregulated market - and the long history of bank booms and busts and the miseries of small savings holders regularly losing all their assets is a cautionary tale about unregulated assets, banks, and markets. It's like people never learn. That is the bigger irresponsibility, David!

Learn from history! ;)

Don't be a bug on the windshield...

S.D.

(I am a big believer in blockchain technology transforming various industries unrelated to currencies... and that digital currencies will eventually be a norm, but only digital currencies controlled by regulators - that is why current iterations of cryptos, in my opinion, are headed for an ugly reckoning with extinction. Good luck out there.)