• knokelmaat@beehaw.org
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    4 months ago

    Thank you for taking the time to respond. With siphoning money, I mean not giving actual value in return. The NFT market was a clear example of this: get some hype going, sell the promise of great gains on your investment, once the ball gets rolling make sure you’re out before they realise it’s actually worth nothing. In the end, some smart and cunning people sucked a lot of money from often poor and misinformed small investors.

    I think I have an inherent idea of value, as in: the value it has in a human life and the amount of effort needed to produce it. This has become very detached from economical value, as there you can have speculation, pumping value and all that other crap. I think that’s what frustrates me about the current financial climate: I just want to be able to pay the people who helped produce the product I buy fairly with respect to how much time and work they put it. Currently however, so much money is being transferred to people “just for having money”. The idea that money in and of itself can make more money is such a horrible perversion of the original idea of trade…