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.

    • MerryChristmas [any]
      ·
      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.