Original

Understanding of (MEME) Meme Coin | FAQ

avatar
道说Crypto
2 days ago
This article is machine translated
Show original

1. Understanding (MEME) Meme Coins

Many readers often ask questions about meme coins in articles, mainly focusing on whether they are purely speculative and gambling.

Undeniably, it does have elements of speculation and gambling, but at the same time, I believe it is also a reflection of a social phenomenon on the chain, so I have a relatively open attitude towards it.

I quite like meme coins, and I have participated in some fun meme coins (such as SHIB, PEOPLE, etc.).

Meme coins are the tokenized expression of a special event or special thing after emotional fermentation.

In our real life, we often experience various major events, and they often ignite our collective emotions. The most common way to record these events and express this emotion in real life is through photos and news.

For example, the photo of Trump being assassinated has forever etched that event in people's minds.

In the crypto world, meme coins not only record events and emotions, but also further tokenize and price these events and emotions, allowing everyone to become a part of this event and emotion by holding the token, and to generate direct empathy.

This is something that cannot be achieved in real life, and is probably the root cause of the strong speculative nature of meme coins.

Of course, its negative effects are also obvious: it is easy to induce irrational participation from participants, and it is even being increasingly assimilated into gambling.

I prefer meme coins with stories and natural origins, rather than meme coins that are just thrown out with a random meme. The latter is more like affectation and artificiality.

Meme coins record events, and their prices reflect the emotions of the participants. But emotions are hard to sustain forever, and even the most exciting events and heart-wrenching moments will gradually fade and become indifferent in people's hearts over time.

So the high prices of most meme coins, if driven solely by emotions, are unlikely to last.

I will only treat meme coins as a game, as a wildflower or a small scene encountered on the long journey of the crypto ecosystem, and if it is something I appreciate and love, I will linger for a moment to appreciate it, remember its fleeting beauty, and cherish the brief happiness it has brought me, but I will not be obsessed with it forever.

2. Do we have a community?

This is also a question that readers often ask. We don't have a WeChat group, and our public account is mainly used to publish articles.

We also have Twitter, but it's just a backup tool for articles. Sometimes when readers leave messages on Twitter, we haven't been able to respond in a timely manner.

Our way of communication is very simple, currently it's just that readers leave messages on WeChat, and I try to reply to the ones I think are important. Then we have an online exchange on Twitter about every two months.

Apart from that, we don't have any other way of communication.

The purpose of my writing is not to pull a group or build a community, but to record the history I have experienced, and to prove that an ordinary person without any background can also find his own opportunity in this special era and in this special field, and change his life. I think this is especially meaningful in this country.

In my previous articles, I have written that over the past few years, I have been giving a course on blockchain technology to students at a university every year.

What left a deep impression on me was that in the beginning, the country's policies were still very relaxed, and the students were very enthusiastic in class, and after class they would chase after me to discuss some ecosystem projects.

But by last year, I was surprised to find that the vast majority of students no longer had much understanding of Bitcoin, and they didn't even hear much about it.

Finally, when I went to give a lecture to a group of just-graduated students, apart from caring about the exam questions for the course and when they could get the certificate, they were completely indifferent to crypto assets, crypto technology, and the crypto ecosystem. The price of Bitcoin and investment opportunities in the crypto ecosystem seemed to be something from another planet to them.

Since then, I have turned down all external lectures and so-called "exchanges".

The changes in the objective environment over the years have had such a huge impact on people, which was something I could not have imagined before.

I have always believed that crypto technology is very meaningful for individuals, especially young people:

On the one hand, the hope of this country in the crypto field lies in the young people, and on the other hand, young people will also be able to find great opportunities in the crypto field in the future.

But for various reasons, this future has been interrupted.

Although I am unable to carry out my wishes, if in a few years' time there are still domestic readers who can read my articles and be amazed: "So our country once had such a history, and our country once had such a group of people who participated in this history," that would be great.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments