What MeMe Learning Notes (Key Learning) 1、 Subculture: From the Edge to the Middle Stage Expression is a universal trait of humanity, and a good MEME can transcend cultural maps with a knowing smile. When the collective self-identity, emotions, and subjective intentions of the masses overlap, they will form unique values, semantics, and forms of expression, such as the burial family in the QQ era, social unrest in the mobile video era, or the Sanhe God on the edge of the post industrial era, which will also form a unique subculture. I did not grow up in Western culture, but I believe that every culture has a certain group that resonates deeply with you. Therefore, the subcultures I mentioned earlier are very niche and outdated, not a good expression of MEME, but they have emerged in some extreme form in history, with vivid images that are refreshing. Essentially, there is no higher level circle, and hippies attending meditation classes may not necessarily be more stylish than reading stories. Those who enjoy reincarnation and Star Wars are also not more aesthetically pleasing than gangsters, because the more niche the aesthetic, the less common it is. Moreover, our generation has spanned across the agricultural revolution, industrial revolution, and information revolution, and has collided head-on with AI. Chaos is the norm, and all authority has been dissolved, even idols are nothing more than that. Meme is a silent thunderbolt, the ultimate expression of the crowd, and the impact of subcultures on mainstream culture. Therefore, being photoshopped and issued coins is also a part of deconstruction. Therefore, I feel that I am not yet worthy of being the center of MEME. Similarly, chasing hot topics on Twitter, in CZ or my replies, is not the optimal path to discover and manufacture MEME. MEME is in your heart. 2、 Who can surpass Doge? There is only one Doge. In the first Bitcoin bull market of 2013, countless projects attempted to imitate Bitcoin. They both mocked Bitcoin and mocked themselves, with playful smiles and passionate enthusiasm. The developers gave up the project, but the community has its own vitality. The community spontaneously added an important chapter in the development history of cryptocurrency culture. In the Chinese cryptocurrency circle, Jiang En sent Dogecoin all over the world, opening up a unique cryptocurrency circle track: "Preach for the industry, give rewards first". At that time, the BBS message was: "I think you're a good person. I'll give you 10000 Dogecoin as a reward. The person who received the reward was in a mess, and I can't figure out how much 10000 Dogecoin is worth without a calculator. In the development process of the encryption industry, every community has its own "jiangen", and later on, Elon's preference for Doge led subcultures to the mainstream. Nowadays, Doge is not just a dog. MEME is the attention economy, but not just attention. If all of this is like Twitter's hot search of the day, then everything is destined to be short-lived. Great MEME does not come from celebrities shaking their cleverness, which is not enough to become MEME. It is a worship of those in power (whether politicians or entrepreneurs), and this is not cool enough. On the other hand, those who oppose for the sake of opposition often have a face on the back of their head with the words' far right 'written on it. Those who shout for decentralization are often extremely centralized, maintaining critical thinking and preserving truth. Imagine someone in your group telling you to buy a hot topic of the day, and of course the topic will cool down tomorrow. If these attention can become products, beliefs, and religions, then the next Doge may emerge Even surpassing Doge, who says it's impossible? Everything is possible. 3、 Is Longtermism Outdated? I don't trade, but hold for the long term because I adhere to the logic of value investing. Similarly, in running a business, I also uphold a long-term approach, building a clock or a garden. Binance is just an infrastructure, setting up a stage where project parties and investors can either win or lose. This depends not only on ability, but also on willpower, and judgment. Top entrepreneurs are already rare, and they need to be long-term oriented, DYOR oriented, and give up as soon as possible. Long termism is not outdated, is it possible that you have chosen the wrong object of long termism? When the wind blows towards blockchain, investors have a lot of money to invest in the project. Entrepreneurs can say that their project is worth 100M, 1B, or even 100mB, and anything can be issued with coins. The price and value may deviate, but they will converge in the long run after crossing the cycle. The market size in 2017 is not as large as it is now, and the funding scale of Defi Summer in 2021 is also not as large as it is now. We are seeing more outstanding entrepreneurs investing in the Web3 industry, and the industry size is getting bigger and bigger, but their confidence is also getting lower and lower. Many users ask why the project valuation cannot go back to the era of ICO. We can never go back to the past, but we are trying to get users to vote for coins, vote for coins, and try to get Web3 wallet IDO. Project parties can choose low threshold and low market value issuance, and real users can profit. It is better than spending money to falsify data and deceive themselves. Whether MEME or AI, games or Defi, social networking or RWA, a hundred flowers bloom. May we still have beer in the cup after the foam of each tuyere fades. Fortunately, history always repeats itself, and the cowhide of predecessors about technology changing the world will also be realized one by one by their successors. I heard that many serious projects don't want to persist anymore, hey! My friend, there are always new trends, but the world belongs to a very small group of people who drive it. Instead of chasing after trends, it's better to become a trend. 4、 Investment advice that friends often ask for All of my assets are coins, and the long-term hold style may not be suitable for most people, but there is one thing to consider: making money with certainty. 1. Making money from the cycle, one can roughly judge the economic cycle and bull/bear market. Selling in a bull market and buying in a bear market are basic operations 2. Any category of assets follows the principle of head over head 3. It is recommended to allocate at least 20% of the currency. Land is an asset of agricultural civilization, minerals are hard currency in the industrial age, and the top asset in the information age is the stock of Internet companies and the currency with siphon effect in the top; 4. Some friends say that coins with good fundamentals do not fluctuate enough. If you do not increase leverage or have no opportunity to trade high-risk tokens, it is recommended not to exceed 10% of your disposable assets; 5. Most of the principles are actually understood by everyone, and I don't need to talk too much. It's just that it's difficult to achieve, just like losing weight, I wish everyone knows and can do it.