brian on Nostr: I agree with this, but... we should be wise to what memes might be: a way to express ...
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.
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.