They’re literally doing capitalism. M - C - M’ is described in the first part of Capital. This is money operating as capital. Buy a commodity for M, then sell it for M’ that is greater than M. You have no interest in the use value of the commodity. The only thing that matters is it’s exchange value.

  • Neckbeard_Prime [they/them,he/him]
    ·
    3 years ago

    Bit idea: buying PS5s for scalping, but instead of selling the PS5s themselves, sell NFT "shares" in each PS5. The PS5 is kept in a closet/shed/warehouse somewhere, but each NFT purchaser is a part owner.

      • WhatDoYouMeanPodcast [comrade/them]
        ·
        3 years ago

        This is giving me echos of that dystopic vision of the future where instead of paying tuition you would tokenize your future and pay a percentage of lifetime earnings to shareholders.

    • buh [she/her]
      ·
      3 years ago

      It'll be stored in the cabinet my TV sits on

    • Owl [he/him]
      ·
      3 years ago

      Tell people the PS5s are stored in a closet/shed/warehouse somewhere, then sell the physical PS5s too.

        • MerryChristmas [any]
          ·
          edit-2
          3 years ago

          A decentralized autonomous organization - they're online groups that pool crypto to buy NFTs of the constitution or whatever based on a set of rules that they've written into the blockchain. They're basically the cyberpunk techbro version of your grandma's investing club.

          Edit: If you're curious, look up the DAO that bought the one-of-a-kind Wu-Tang album that the feds seized from Martin Shkreli. It's a sort of interesting story.