rpietila does not have to share. He can be top-down in his business thinking. It's HIS business! (All of those notions are kind of American...)
Umm did I say he has to share
Did I suggest that anyone should be able to regulate how he runs his business
I said he was being surety for others by using a lot of top-down control (reputation, self-moderated threads, newbies idoling his new found wealth) to preach to them to HODL from $700 down to $150. (if marketing control over newbie investors is a business model, then he is free to do, I have not advocated the State to shut him down)
I would never ever take on the surety for multitudes that way. I might express my opinion on the future price direction, but I would not make these elaborate postings about how buying at any price is best for every newbie and buying regularly, etc.. This mono-asset type myopia goes along with the lack of degrees-of-freedom in thought required to be willing to be surety for others. He can't deny to himself that many jealous newbies would psychologically be easily drawn into wanting to rely on him, since he is an living example of the Lotto they want to win too. Btw, rpietila didn't get rich by following the advice he was dishing out. He got rich by being very timely about overweighting his investment in Bitcoin (which opposite of the advice of diversifying or buying Bitcoin at any price).
It is much better to think more broadly, openly, and consider much diversity of opportunity costs and scenarios.
People and life are diverse.
And yes I assume there are Europeans of all different stripes. As I said, I have already 3 younger Europeans who sort of defy my experience to the extent I know them well enough I am not sure. But as for Europeans I have met in my travels in the Philippines and postings I've seen on these forums, they all tend to love social justice at least.
I view Americans on a scale of about 4-5 in between filipinos at 7-8 and Europeans as 1-2 on the individualism scale (Chinese 0-1?? Koreans 2-3??). The native tribes who roam free nearer to 10. So many Americans are also into controlling other people's lives (they always want to fix somebody else which annoys me) and humanism. Yet we have some Americans who are very isolationist, mind their own business, and just lock and load instead of waste time on grandiose matters.
Any way, this topic is really wasting time. I give all of you the last word. I just wish someone would cite real published science on this. And I do apologize to rpietila for using him as an example. Someone could use me as a case of extreme chaos and anarchy and it might be weird for me to read that. But as long as it is the truth about me, I should be happy with myself. I hope I haven't written anything untruthful about rpietila. Probably he doesn't view what he did with investing advice as surety. He probably views it as giving out information and advising readers to do their own due diligence. Any way I am not sure what he would say and also this entire topic has consumed far too much of my time. I am regretting opening it.
And again perhaps I am entirely wrong. Would love to have some more reliable and clear data points to show me so.
Note when I speak about Europeans I do note that I have only met perhaps a couple of dozen or less. So I am cognizant that my sample size may be too small. But then why can't someone give me some published resource? Very difficult to get the truth. So my statements are only based on my experience to-date and pending further data.