Well, you know how the stock market pretends to be attached to like actual material things like capital and workers doing stuff and commerce happening? I mean in practice it’s all just the vibes that the dumbest and most credulous rich dipshits alive feel when they look at a stock’s name, but they’ve at least got the pretense of being related to material reality. It also has a giant cult of frantic, desperate belief around it to keep pumping those vibes up which is further backed up by immense amounts of state violence.
Crypto abandons even that in favor of just being mask off a pure speculative commodity built by no one with no use value or material form. It’s 100% pure vibes all the time, serving the purpose of pumping and dumping monopoly money so the grifters who know it’s a grift and are well positioned to take advantage of it can make out like bandits while everyone else gets fucked as the latest scheme collapses.
Well, you know how the stock market pretends to be attached to like actual material things like capital and workers doing stuff and commerce happening? I mean in practice it’s all just the vibes that the dumbest and most credulous rich dipshits alive feel when they look at a stock’s name, but they’ve at least got the pretense of being related to material reality. It also has a giant cult of frantic, desperate belief around it to keep pumping those vibes up which is further backed up by immense amounts of state violence.
Crypto abandons even that in favor of just being mask off a pure speculative commodity built by no one with no use value or material form. It’s 100% pure vibes all the time, serving the purpose of pumping and dumping monopoly money so the grifters who know it’s a grift and are well positioned to take advantage of it can make out like bandits while everyone else gets fucked as the latest scheme collapses.