Meme Madness: The Spiritual Resonance and Final Destination of “Digital Natives” Generation Z

Meme value carriers in the physical world (e.g. walnuts, stamps, celebrity posters) will eventually go to the trash heap as those people grow old.

Meme Madness: The Spiritual Resonance and Final Destination of "Digital Natives" Generation Z

Recently Meme tokens have been repeatedly jumping sideways between the surge and the big dive, with the weather reaching the end of the bull market.

This wealth effect started by DOGE, wildfire to SHIB, PIG and even LOWB …… flocked to Animal Manor series of Meme tokens tide to tide, the wealth effect and the accompanying wealth bubble, so magical and so realistic.

The outside world can see, but cannot understand.

There are many critical voices about Meme tokens, even from veteran cryptocurrency supporters, who believe Meme tokens are a speculative frenzy without any value. This argument seems to be an echo of the criticism of cryptocurrencies from the ‘classical financial world’ years ago, after many years.

History doesn’t repeat itself, but it’s always strikingly similar – people always see new things that they don’t understand but have crazy power as a beast.

It’s only natural that the big guys don’t understand the crazy Meme tokens, just like they don’t understand the source of power behind Meme tokens – the “digital natives” Generation Z (people born between 1995 and 2009).

The Meme Culture of “Digital Natives
The root of everything senior cryptocurrency proponents don’t understand about Meme tokens is that they try to understand them using financial logic (just like they understood Bitcoin in the first place).

When in reality Meme tokens are a product of Meme culture, so it’s a cultural topic that just derives economic benefits. Essentially, discussing Meme tokens and discussing hipster shoe hype are both discussing the same issue.

Bitcoin, on the other hand, was born out of a financial issue, only the crypto technology was created in the context of a decentralized technology wave, but Bitcoin still essentially follows the logic of finance.

Therefore, critics from the “classical financial world” will often turn to support Bitcoin once they have really gotten to know crypto, because after crossing the technological threshold (which is not very high), the financial logic of Bitcoin is clear to them, and the conclusions they draw are naturally unquestionable.

Critics of Meme tokens, however, have a hard time crossing the cognitive threshold to properly view Meme tokens and the Meme culture behind them, purely due to the generational divide.

Meme” is often translated as “modal”, “enigma”, “foraging mother”, and there is also an alternative but more accurate translation – “internet sensation” or “terrier”.

In short, “meme” refers to the kind of online material (in the form of images, videos, GIFs, text, etc.) that resonates and can be spread quickly, such as all the Internet buzzwords and various challenge videos.

Meme” is a term coined by Richard Dawkins in his 1976 book “The Selfish Gene” to illustrate the evolutionary laws of culture.

If biological evolution is a process of genetic duplication, mutation and selection, then the evolution of culture is roughly similar. But while living things reproduce through heredity, cultures spread through imitation.

Therefore, “Meme” can be simply understood as a cultural gene, or a cultural virus (if we ignore the literal meaning of “disease” and “poison”).

For example, the process of spreading a certain idea as “Meme” is to continuously copy it in the brains of different believers, adding or deleting some details selectively in the process in order to get the maximum spread.

In short, “Meme” is the replication factor of culture, which spreads through imitation, just like the evolutionary process of living creatures.

Up to this point, I believe there was still no generational gap in our understanding of ‘Meme’, because it seemed to be nothing more than a communication research paradigm. …….

But the emergence of social media has changed all that, splitting the intergenerational understanding gap and separating the old world from the new.

Social media has suddenly given the ability to replicate “meme”, which was limited in physical space, at almost no cost.

Therefore, along with the development of social media such as Facebook, Twitter and YouTube, a new cultural phenomenon has emerged – “meme culture”, which means that a certain phrase or behavior can spontaneously spread on the Internet, suddenly become popular and then disappear within a few days.

It is worth mentioning that the “Meme” that spreads in social media is basically the same as the viral spreading pattern among offline people, only faster.

The audience of Meme culture is naturally not the middle-aged and elderly people who only use the Internet as a communication tool, but Generation Z, where a large part of their living space (such as gaming, socializing, shopping, and getting information) exists on the Internet, and they are the first generation of “digital natives”.

“Everything invented before I was born is taken for granted; everything invented between the ages of 15 and 35 is destined to change the world; everything invented after I turn 35 is anti-human.”

Meme culture is the popular culture of the “digital natives” who project their self-identity and resonate strongly with each other in the digital world.

It is natural that critics of the old world cannot relate to it, but if they cannot understand what this self-identity is, then there is no way to criticize Meme culture.

Spiritual Resonance in the Information Cocoon
Although Meme tokens have attracted criticism from all sides, it cannot be denied that it is a product of the consensus of Generation Z – they flocked to the crypto world and inevitably had to choose some kind of value carrier.

But instead of using the existing “fiat money” in the crypto world – Bitcoin and other mainstream cryptocurrencies – they chose to create their own value carriers, which is what we see in the various arguably messy Meme tokens and NFTs based on Meme culture.

The criticisms of Meme tokens and Meme culture, such as disrupting the healthy development of the crypto market and bringing no real technological progress or social value, are no different from the criticisms of cryptocurrencies in the “classical financial world” then (and now), but are just some kind of hopeless protest against the later competitors.

These critics were the first immigrants from the old world to the crypto world, and they were also the creators of it, naturally feeling offended by their own territory.

But the problem is that the crypto world is essentially an open and borderless space, so it can accept everyone in, and the first influx is often wrapped in discontent with the physical world and illusions about the new world.

If the first immigrants were only dissatisfied with the financial order of the old world and created the crypto world, then the later influx of Generation Z was dissatisfied with the entire order of the old world.

The world has grown by leaps and bounds for three decades since the end of the Cold War, which also means that there are fewer and fewer dividends of the times left for the younger generation. Whether it is property, income or job opportunities, the younger generation is under more pressure than their parents’ generation ever was.

Showa Boy” and “Heisei Waste” is a global issue, but the pace is not the same around the world, but it is still following the same steps.

This is why Generation Z, who are in a similar situation, have developed a unique culture and values on social media – Meme culture – that older generations cannot understand and have no way of understanding.

Gen Zers are looking for something in the digital world that they don’t have in the physical world – to be seen, respected, and wealthy. This voice, which may be isolated in the physical world, is easily gathered and amplified in their information cocoons through social media, creating a strong spiritual resonance.

It can be said that dog coin supporters and shoe hype hipsters as well as social rockers in snapchats are spiritually the same, only they follow a different meme culture.

When they coincidentally discovered a new world in the digital world – a more creative crypto world built by blockchain technology, capable of reconstructing even much of the old order of the physical world – they flocked to the new world like the religious immigrants who sought freedom of religion and fled religious persecution in the 16th century.

Therefore, this “digital migration movement” of Generation Z can be interpreted as a passive rebellion against the old world, a continuation of “Occupy Wall Street”, and the explosion of Meme tokens is precisely the way and result of their rebellion.

Just as every revolution in history can find its precursor in the art field on the eve of its outbreak, the crypto art based on NFT flourished earlier than Meme tokens.

The crypto artworks that fetched sky-high prices were often brightly colored exaggeratedly shaped or even sketchy, like they were created by artists on a break from drinking, so they may seem like digital versions of early 20th century modernist art, but they are fundamentally different.

The value of these NFT-based crypto artworks does not lie in what meaning they express, but in what resonates, so looking cool or funny is good NFT art.

This logic also applies to the later hot Meme tokens like SHIB and LOWB, so people who can’t see why a Meme token is so unbelievably hot are simply unable to resonate with the Meme culture behind that Meme token.

The Digital Dump – Where Most Meme Tokens and NFTs Belong
Of course this article is not advocating All In Meme, because acknowledging the validity of Meme culture and the existence of Meme tokens as a phenomenon that cannot be ignored does not mean that one has to agree with the values behind it.

Diverse values are in themselves what makes the decentralized crypto world so attractive.

The value of all Meme tokens, and NFT-based Meme artwork, depends on what resonates with a particular group of people in the moment, and the more incendiary it is, the higher the value.

But this also means that this is value that is time-sensitive, not the kind of value that can coalesce across time.

Meme tokens that are out of time will be like milk that has expired or the annual buzzword on the Spring Festival skit that causes discomfort.

Social networks work like alcohol for Gen Z, amplifying repressed emotions many times over, so Meme tokens can explode in popularity in a very short period of time.

Dogcoin is everyone’s flirtation with bitcoin, pineapple coin is a satire of the DeFi bubble, and LOWB is a direct fire at the ego …… All Meme tokens hit the subtle emotions of a specific group in the moment, and then allow that emotion to be released (or excreted).

Suppose when Yangasa’s remarks about “so common and so confident” were fermenting with wariness, someone rubbed the hot spot and issued “Puxin coin”, then carried out various airdrops and mining, no doubt it would be very hot at that time. But what happened after the explosion?

Probably nothing will be left behind, because this sentiment has become a thing of the past, and so is the Meme token issued based on this sentiment.

Everything that comes quickly often means quick death, and Meme culture does not break this rule.

For all investors who want to participate in the wealth creation myth of Meme tokens, it is important to be deeply aware of the rules of this game –

The first driving force is the consensus based on Meme culture, who care about the expression of emotions in the moment, not the growth of wealth.

The second driving force is the speculator who comes for the wealth effect, destined to take all the risks and then reap the gains that may or may not exist.

The third driving force is the almost risk-free arbitrageur, who exists as a lubricant between the first two, and it is only when all three are present at the same time that the game is played.

When the attention of the first driving force starts to shift, the value of Meme tokens will definitely dissipate, and those speculators who entered in the FOMO mood will pay for the whole game.

Meme value carriers in the physical world (e.g. walnuts, stamps, celebrity posters) will eventually go to the trash heap as those people grow old.

One generation has a generation of youth, meanwhile there will be new artifacts and peripheral derivatives in production and trading, although the final destination is also the dump.

The Meme tokens and NFTs in the crypto world will never die out, but they will lie quietly in the digital dump as digital ghosts that no one cares about.

Perhaps many years later there will still be people who remember their youth and pay for them, probably the same as today’s tycoon brothers who cut each other with kryptonite in legendary games, thus remembering their fast life in the Internet cafe in the ancient times.

In the crypto world, there are no eternal Meme tokens, but there will always be Meme tokens, which will eventually fail as a currency, but are interesting as a social experiment.

The criticism of Meme tokens by veteran cryptocurrency proponents is essentially a product of group conflict in the crypto world as a society of immigrants.

But the U.S. as an immigrant society has been integrating for centuries without a solution to racial conflict, and even less so in a decentralized crypto world.

Of course, there is no need to have a solution.

This is a game about expressing opinions on Meme tokens, win or lose, there seems to be no loser ……

Posted by:CoinYuppie,Reprinted with attribution to:
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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