Saved by sari
The Meme Economy
Those simulations – played out over thousands of iterations, millions of transactions, and billions of dollars – tell us that greed can be good, that speculation can serve a purpose, that memes have value, and that people are willing to spend money to be part of something bigger than themselves (particularly if there’s the potential for a return).
Packy McCormick • The Laboratory for Complex Problems
sari added
You could look at investing in memes as a dumb ponzi that’s bound to lead to disaster, or as a pure distillation of the intersection of money and fun. The truth is probably somewhere in the middle.
notboring.co • The Pareto Funtier
sari added
swiftly took upon the initiative to ensure its growth, development and propagation of the meme. A small, but dedicated team assumed responsibility by creating and managing social media for the token
Claudia added
This has always been true in barter or purchase systems but what happens when our currency is abstract & digital?
Memes are currency. Art is currency. Air is currency. Food? Living things?
By contrast, in the crypto space, some of the most famous examples of collective economic organization have formed for the memes, or as exercises in commodification and speculation. Examples like PleasrDAO fractionalizing the Doge meme, or ConstitutionDAO raising upwards of $40 million to buy a copy of the U.S. Constitution, have value in that they... See more
Austin Robey • What Co-ops and DAOs Can Learn From Each Other
Alex Wittenberg added
By contrast, in the crypto space, some of the most famous examples of collective economic organization have formed for the memes, or as exercises in commodification and speculation. Examples like PleasrDAO fractionalizing the Doge meme, or ConstitutionDAO raising upwards of $40 million to buy a copy of the U.S. Constitution, have value in that they... See more
Austin Robey • What Co-ops and DAOs Can Learn From Each Other
sari added
The internet + crypto is starting to reveal this with the explosion of interest in meme stocks, meme coins, and NFTs.
Nick Tomaino • We Like the Nouns
sari added
The meme economy will become real.
- Meme creators will make NFTs
- Timestamps give proof-of-first
- Memegen partially goes on-chain
- Memetic spread is more traceable
- Memers become millionaires
- Risky art becomes uncensorable & monetizable
- Art moves outside regime control
sari added