The same is a disaster. Why does everyone continue to buy them?
The thing about the crypto is that, almost since its creation, it has been defined by its slideshow. First of all, these are the first altcoins – parts that tried to be like Bitcoin, but better. Then came The Shitcoins, a term of art of industry referring to the assets launched with little goal beyond pumping and spill. These projects looked more like carpet prints that everyone was.
Today’s slideshow should be even. We have covered the guy beforeMainly because they are so interesting. They fascinate because they are like the internet version of a flash mob, but defined by satire rather than in spontaneous dance – as if there is a kind of big joke, and you can somehow gain ‘Money on the punchline.
In the full arc of the brief and sometimes convoluted story of crypto, these slides could be considered a distraction – as if it was the thing that will never really lead to the real thing.
With hindsight, what stands out from these slides is that some of them have really proven to be significant. Some of these slideshow have moved to the main tent – and now occupy an important place in the overall market capitalization of cryptography. You can say this about the first altcoins: Litecoin is an excellent example. And what about Dogecoin? You might even say that Ethereum has been launched as an alternative to Bitcoin, and now watch it.
This is also true for Shitcoins. Some of them are still there. And even some of them ended up playing a substantial role in the history of cryptography, at least the way it has been written so far.
So maybe one day we will look back and we will remember these wild days of the same. When the presidents (and It’s just the United States no longer – This week, the The head of Argentina also participated in the action) And other celebrities made for television thought that launching tokens, collection and letting their fans hold the bag were a kind of informed commercial decision.
The funniest thing about these presidents and their pieces is that the same is almost like a joke in a joke. The part difficult to understand is: do people launch these pieces told the joke? Are they on the joke? Or are they the joke? It’s like a comedy show that has become dark – you realize that you are still laughing, but the equipment is no longer funny.
The risk here is that even, like the altcoins that has gone bankrupt and the shitcoins that have never been raised, prove that this crypto movement is really only a circus and a casino designed for the fun of the people who are Chronically online – but this fun comes to everyone’s price.
On Crypto Twitter, there is always a general atmosphere that crypto has meaning and works as expected. But if you go elsewhere, it is quite clear that crypto, and by extension its guiding principles as decentralization Or Access without authorizationlooks like a bunch of nonsense that only allow scams and clown behavior.
Last year, I wrote on how The same is actually a new way to enhance attention on the internet. They are a way to convert Internet users and creators to owners and operators who can take advantage of the content and attention they create on Internet surfaces.
MEMEcoins, in my opinion, aimed to deconstruct the monopolizing forces of the mass media, in which companies are high rooms and to redistribute this value through communities that stimulate attention.
But all this thought is naive now. If evencoins aims to monetize attention and build a digital culture which somehow strengthens our digital identities, when she says the future of digital assets when celebrities and politicians launch parts and leave large paths of ‘wreck?
If this becomes the norm, then the same is not an interesting new primitive – they are a grotesque amplification of everything that does not go with the way in which the fame and the influence of our critical thinking skills. On a scale, this means that the same is more damaging than the mass media models they were supposed to replace.
In some ways, it is normal that even being part of the zeitgeist who led us where we are now: nobody feels good, nobody knows what to do, but everyone always wants to see what will happen next.
But there is this: perhaps the most interesting thing about the same is that they are exactly what the crypto is supposed to be first – a currency originating from the Internet.
Or, by another way, an asset that belongs to the network. The importance of this type of asset class based on networks is that it allows people to organize, create and build savings that are not possible in systems belonging to businesses or to government rolling .
So maybe the two things can be true at the same time. The same is a distortion of reality which allows people to take advantage of satire or disproportionate personalities in a financially destructive force. But they could also be a path forward towards everything that comes.
At the beginning, the Internet was little more than poorly designed websites and bad information. And that may be where we are still with the crypto. Maybe one day, we will lose part of the casino, keep part of the circus and find a way for people to build and create what they want – even if it’s a whole bunch of Shitcoins supported by celebrities.