memes are not investments. hopefully those get smacked down hard.
Discussion
🎯💯
nostr:note1hqu57p66gjer682quw7vpr4jejanygnh9avvva8u5yp87fsvt98qjtyhjr
That made me 😂
I agree with this, but... we should be wise to what memes might be: a way to express support of an idea or individual. This makes them a direct competitor to zaps.
Meme tokens provide potential value benefit to the buyer while zaps are a one directional exchange of value. This value potential invites speculation, which allows an imperfect but direct measure of the zeitgeist of the idea/individual. Currently this "measurement" applies only to the population of shit-coiners, but this may spread with companies like Sony jumping in to create their own L2 for value capture of the meme influence of the artists, movies, and gaming products.
I think gas tokens like Ethereum, Solana, etc will all trend to zero as will memecoins; however, I think the concepts will continue in an ever churning replacement economy.
Bitcoin will continue to be the only true digital store of value and nostr will be its most distributed value exchange protocol.
🧐
If anything they provide a gateway drug to get rekt upon and then you look for what won't rug pull you and you find Bitcoin. That's the only way they're of any value.
In the same evaluation model, zaps are 100% rekkage by comparison as they are a pure gift while meme tokens return some non zero but trending to zero value.
I don't meme coin or NFT, but nostr may benefit from creator growth if we can identify ways we can spread memes and provide value back to the creators and network nodes. Maybe % zap to a blossom id associated npub, % zap to note author npub, % zap to boosts or quote boosts.