marx-doomer Coulda just thrown my hands up, given up on trying to make a difference, and just decided I was going to grab as much as I humanly could but noooo...

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[–] NuraShiny@hexbear.net 32 points 3 months ago* (last edited 3 months ago) (4 children)

Yes, financialize the fake currency whose only use is to speculatively hold and hope you can sell it for more then you paid because other, dumber people are investing in it too!

The next innovation will be to bundle it up like insurance policies and sell those bundles to pension funds as A++ investments.

Which I am sure is already happening, just not on a wide scale. But it's only a matter of time.

[–] bobs_guns@lemmygrad.ml 16 points 3 months ago (1 children)

If we're being for real here, cryptocurrency was financialized from the very beginning.

[–] Monk3brain3@hexbear.net 10 points 3 months ago

You're right but I think the point is that the crypto clowns are trying/scamming for dear life to expand on the number of ways crypto is financialized.

[–] Monk3brain3@hexbear.net 11 points 3 months ago

yeah I can definitely see that happen because this scam train just keeps on chugging along

[–] novibe@lemmy.ml 7 points 3 months ago

I don’t think you understand what’s happening here. They are already WAY past that. This is the commodification and financialisation of everything we do in life. In just existing, acting and reacting to the world, responding to things and people, making choices.

This is the “final frontier” of capitalism.

[–] WashedAnus@hexbear.net 6 points 3 months ago

Good thing we got rid of pensions and now it's just 401k's managed by Black Rock