Beck Christy (@beckchristy) • Hey
Time is willing to let me make you well.
Publications
- memetic analysis people don't understand why memes go up because they don't have a good framework for evaluating them, they can't do fundamental analysis on the assets cash flows like they can with everything else I did a long tweet other day on what makes a good meme here ( <https://x.com/blknoiz06/status/1790891965778678160?s=46…> ) but I still think the average person believes they are worth nothing, so I'm going to try to elaborate on why I believe this is not true Facebook, or Meta, is one of the largest tech giants in the world, it holds a market cap of $ 1.1T & has dominated social media for the better part of the last two decades or so, so why was Facebook so successful as one of the first social networks, Facebook was able to successfully establish relationships between people & the irl circles, online, from there they created enjoyable spaces for people to freely interact with one another, but how does facebook actually make their money? Even though FB was free for users, 95% of Facebook's revenue came from paid advertising, which they were able to charge companies because they were successful in accomplishing the most important thing, getting \*everyones\* attention in the same place, companies knew that paying for ad space on Facebook would be worth it because of how many people would see their ads. With Instagram & FB there was obviously a ton of hardwork & difficult execution done to make those apps successful, but at the end of the day people's attention was the final product that they successfully were able to capture. Now, back to memes, if you have spent any significant amount of time on the internet, then you know that memes are a substantial part of how young people communicate with each other, whether its instagram, text, tik tok, or whatever else, people are always sharing relatable memes with each other, & the ones that people enjoy the most are the ones that go the most viral across all social channels The reason people are unable to ascribe value to memes is because they aren't doing the right analysis, it should not be on the cash flows of the meme itself, of which it has none, but an analysis of how much the attention said meme can acquire is worth. For FB they are able to monetize all of the attention on their social media into billions of dollars in revenue, but nobody has ever financialized memes on the internet directly until now, since crypto makes it trivially easy to attach an altcoin to an existing meme w/ photos & videos. I already wrote a really long post on how memes go viral & what makes good memes, so I won't go in detail on that again, but think it's worth people rewiring their brains on how to value attention in the attention economy. Another good example outside of Facebook is celebrities, every single celeb who gets famous from their respective industries eventually ends up creating their own product(s) that they can sell to people. & the reason peope like Kylie Jenner are able to make multi billions doing so, is the same reason Facebook is a trillion dollar company. They have an excessive amount of attention from their cult-like followings that they can then monetize. This is also one of the reasons I'm bullish on social tokens, but the fundamental underlying reason on why I believe memecoins actually have value, because they have an outsized amount of attention, & that's worth a lot. tldr: many companies who use ads & celebs who launch products monetize well becaus they are able to turn attention into cash flows, memes on the internet are very good at getting the same level of attention and crypto allows them to be financialized in the same exact way s/o
[@kelxyz_](https://x.com/kelxyz_)
for this original idea