This is what makes crypto "relevant": a vast amount of fools eager to get fucked by the obvious ponzi scheme.

  • Owl [he/him]
    ·
    3 years ago

    In order to steal your surplus labor value and give it to the owners, they need to know who the owners are. This has been financialized in the form of stocks. Whoever owns the stocks owns the company, in proportion to how many they own. Stocks have value because they represent extracted labor value (and the state will back up that extraction on behalf of the shareholders with violence).

    Cryptocurrencies don't have any underlying value.