jakiro
Author: Jason Choi, Tangent Lianchuang Source: X,@MrjasonChoi Translation: Shan Ouba, Bit Chain Vision Realm
Recently, I read some blog articles about Memecoin.These articles are novel, and the author is worthy of respect, but I can’t help but think that these analysis itself is one of the reasons why people trades Meme.
This is the case: Meme is not the “Trojan horse” (at least not yet). I even think that they are not the most effective marketing strategy.I understand that venture capital needs to pack Meme in a way to accept limited partners (LP). After all, I was one of the LPs before.
But let us be more realistic.Most people, including me, have only one simple reason to participate in Meme transactions: because of “control it.”
The reason is simple.
The MEME boom is just another symptom of a greater trend in developed countries: the older generation promised to the future of the younger generation, which is far from being available for young people.
For my parents, their dreams are a stable job, a house and a family.And my generation dreamed of becoming the founder of billionaire technology after graduating from college.
Why?Part of the reason is that due to the influence of Mark Zuckerberg, he was idolized in the movie “Social Network” (of course, we completely misunderstood the true meaning of the movie), just like Jordan Bellford in Wall Street Wolf(But this is a topic worth opening another long article).
But there are deeper reasons.Since 1985, the median price of houses has soared by 80%(after the inflation adjustment), and the price and income ratio of houses are more than twice as much as the grandparents.Today, 50%of people’s income was lower than their parents at the age of 30, and this proportion was as high as 90%in 1940.
The world looks richer than ever before. However, the wealth inherited by the younger generation is less than half of their predecessors.Efforts to work and dedication do not guarantee the same opportunities as parents.
Since you can’t climb the social ladder upwards, and you are destined to be a “migrant worker” for a lifetime, why not throw a coin and see if you can become the next drop -out billionaire entrepreneur?
The emergence of cryptocurrencies is like injection of great medicine in this trend.Today, nearly two -thirds of young people think that the stock market is a good way to accumulate wealth …
However, due to the continuous rise in living costs, 90% of young people cannot afford capital investment at all, even if they can get a 7% average return rate each year.
The huge volatility of cryptocurrencies, the myth of wealth overnight, make it an unsolvable game -as long as you join early and smart enough, maybe you may get a good chance of life.
For the external world, this is slightly more decent than the casino. For those smart people among us, they are also more intellectual.
You might say, “Uh, in fact … since the lonelines of the Netherlands in the 17th century, human beings have been seduced by quickly getting rich speculative games! You should read” “Beaming behind!”
Yes, but my point is,It is now more and more driven by greedy things in history.Want to feel this emotion?Talk to anyone in their 20s, whether in Hong Kong, South Korea, or the United States.
In order to live a comfortable life, young people must make an increasingly adventurous decision.They think, or they know that this is largely caused by financial decisions made by the previous generation.
Now, this generation still wants to take cryptocurrency games from them through complex supervision.
They “to protect you” have canceled the ICO, so when these tokens are finally listed, you can only buy 500 times the price of the seed wheel.
They call it “mouse medicine”, but at the same time, they charge high fees from customers who purchase cryptocurrencies.
Oh, these customers?That’s right, the same group of people -they invested billions of funds to venture capital funds, trying to privatize more and more games.
This is why people traded Meme.
Yes, this has the idea of greedy ingredients and the idea of ”buying tokens with a huge amount of positioning in the venture capital”. For a generation who grew up in the era of smartphones and attractive defects, this is like a gambling game.
But this is also a mentality of “control it, other methods can not work”.
More importantly, this is a “resistance” that they think of their own generation -it is this generation that is now trying to get through difficult to understand supervision and increasing privatization.The only way they are out of place.
Maybe I was wrong.Maybe Meme is really the next great marketing strategy of startups.
