And in politics, this type of speculation has become the closest thing to agency for people who feel like they are no longer served by the economy. People speculate on ideas, personalities, etc. Why wouldn’t they? But when this happens, you end up with a system optimized for speed and virality rather than stability or accuracy.
Rather than advancing financial or technical solutions, meme coins operate primarily through the hyper-visual and social logics of internet culture. They inherit the self-referentiality and sarcasm characteristic of memes more broadly, understood here by Limor Shifman’s definition as “units of popular culture that are circulated, imitated, and... See more
By the end, I think I was the only one arguing that Europe should build an AI Stack (or something even better) rather than insisting that, in essence, AI is superproblematic and thus Europe should resist doing this superproblematic thing.