randomhodler84, have you heard the phrase "last man holding the bag?" https://en.wikipedia.org/wiki/Bagholder This crypt ponzi scheme turned the natural progression of itself into a meme that reinforces itself. But GME is at $180, so you could be right. Stupidity could yet win and our future could be doomed to feed an ever increasing amount of resources into accounting. I hope it's just mania and we can go back to regular low energy databases to keep track of funds.
Yes, and also yes, it is a meme. Money itself is just a meme, we just don’t all agree to its definition. Bitcoin as a meme is self reinforcing, incentivizing meme, with so many self defense mechanisms — it’s crazy. Highly contagious too! Groundbreaking and game changing in its very existence. What I wonder about constantly “is it the greatest meme”? Bitcoin consumes the lives and speech patterns of its advocates far stronger than any religion. It’s easy from the outside to say “that’s not rational”. Can we ever go back to less?
Argument: money is a meme. Bitcoin could be the strongest meme ever, as demonstrated by its consumption of energy, a proxy for human perceived value. Arguing over energy is just arguing over human preference.
