Author's Note:
There is a lot of swearing in this one. I'm fcking sorry ok.
None of you assholes appreciate how insane Bitcoin is. Bitcoin solved the hardest problem in human history. Not flight. Not even getting to the moon. It solved a problem we might not have even realized was a problem. We can’t fly is obvious. That giant ball in the sky at night is an obvious target to aim for.
Currency was a problem that we didn’t (and still haven’t) appreciated until it was solved. It’s no coincidence that the first moneys discovered date back to around the same time as the first civilizations. I guess if you want to build anything larger than a nomadic tribe, you need a medium of exchange to optimize the distribution of work in the community.
Money also doesn’t exist in nature. Something that is easily divisible, transportable, verifiable and unable to be duplicated. It does not exist. You need some kind of government type entity to enforce a currency. Even then forgery has been around since the beginning. Money for all of human history has been a near impossible problem to solve.
Now you can launch a thousand in your underwear while sipping your morning coffee. Currency went from the hardest problem to solve for to something so trivial that anyone can do it in 5 minutes. You no longer need to have a government and associated police force. That is a lot of overhead. Sorry, let me rephrase, that is a metric fck ton of overhead. Again, I’m not being clear enough. That is all the mother fckin’ overhead. The mental model for me here is government=currency and vice versa.
I think of the memecoins as the equivalent of early small kingdoms going to war over resources. We didn’t always used to be 195 countries. We used to have thousands of kingdoms. That’s the era memecoins are in. It’s PvP. People sell one to go to another. It’s kingdoms rising and falling. But even in this war there will be the kingdoms that survive. That generate an empire people don’t leave. As more of the world comes on chain, the more these empires will gain in power. The more real world influence they will have.
They will grow their own governance, norms and rules. These are the countries of the future. Why would you pay tax to an ever inflating currency that does not take care of you? Compare that to keeping it in a currency that is ever increasing in value. As moving on and off chain gets easier, it will be more normal for people to accept cryptocurrencies as payments. This has to do with the deterioration in fiat and trust in traditional institutions as it does with crypto entities “growing up” and being more able to meet the needs of the normal.
The memecoin era is not some flash in the pan. It’s what the future looks like. It’s chaotic. It’s exciting. It’s fcking beautiful is what it is.
See you onchain anon!
-Syed
