• Monk3brain3 [any, he/him]@hexbear.net
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    18 days ago

    The US tech industry is so fucking washed. This counts as innovation? The banks already financialize just about everything. Now we’re literally finacializing non existent shit like crypto.

    • NuraShiny [any]@hexbear.net
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      18 days ago

      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.

        • Monk3brain3 [any, he/him]@hexbear.net
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          17 days 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.

      • novibe@lemmy.ml
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        17 days 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.