Something that troubles me is the idea that maybe everything is becoming financialized because financial markets are the last remaining system capable of aggregating distributed information and enabling coordination at scale.

Both represent a form of aspirational displacement . This is the idea that when you can't afford a house, you buy mystery boxes that might contain a rare variant and then that’s good enough. It’s a way to perform relationship to consumer culture.

Labubu and Fartcoin are the economy people can actually participate in.