66
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 18 Jul 2025
66 points (100.0% liked)
news
24179 readers
631 users here now
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today/ . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
founded 5 years ago
MODERATORS
Genuine question: why is crypto investment significantly more suspect than the casino that is the stock market?
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.