crypto

Bull case for NFTs this cycle is 1) non-fungible media make them more fun than fungibles 2) belief that they will be more Lindy on a decade long horizon (ie crypto hodler mentality)

Bear case is 1) memetic speculation is reduced to its purest form in memecoins 2) decade long horizon is way more of a wealth sink 3) Doge is an example of Lindy memecoin

I think they worked the first time bc you could flex status (twitter pfp)

Dont know what the channel is for that this time around

building /bracket | hosting /greatbooks + /gray | ex-BCG, ex-PHD | poli + phil + econ

working on <redacted>. creator of /microsub + @degentipbot.eth; producer/dj; host of /campfire 🎧 + /downshift ⚙️

Haha yeah just what people liked

But even if they’re worth a lot I just don’t know WHERE people flex now. Like how does it get seen and convey status?

Veblen good? if prices rally, they become a flex

Do you think they worked the first time because they were a flex or did it work the first time because they were driven by speculation, and now meme coins fill that speculative frenzy?

Take away the speculation though, and I see more of a long-term purpose to NFTs.