it's the same kind of financial intermediation to extract wealth without providing value that underlies ponzi schemes and the derivatives that got us the 2008 c

it's the same kind of financial intermediation to extract wealth without providing value that underlies ponzi schemes and the derivatives that got us the 2008 crisis. it's a lot of wealth accumulation for its own sake detached from its real basis as a claim on (someone else's) productivity. in short, it's bullshit, but for the tech crowd rather than wall streeters.