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Who Controls the Memes of Production?

It's ALL Risky
It's ALL Risky
Memes are fast becoming one of the most valuable commodities in the world.
The meme supply chain is the process in which new forms of culture travel from obscure corners of the Internet into mainstream awareness.
A battle is playing out for control of the supply chain, with powerful institutions fighting to contain its transformative energy.
Here’s why its a big deal.

The Meme Supply Chain
Nowhere is the meme supply chain more evident than in the NFT boom.
At least $25 billion dollars of NFTs were sold in 2021, roughly a 75-fold increase from 2020. Sales have continued to grow in 2022.
One of the main drivers of the boom has been the arrival of venture capitalists into crypto.
VC firm Andreessen Horowitz (a16z) has been at the forefront of the digital gold rush to monetize memes.
Last week, a16z founder, Marc Andreessen, took to Twitter theorize about the meme supply chain, the process by which new memes are forged on the Internet before escaping into the broader world.
Marc Andreessen
~All cultural formation in our time is now the development and propagation of memes that battle their way through a supply chain in cyberspace.

Most die; some thrive.

The memes that make it through encode deep meanings.

This is as serious a process as has ever existed.
Andreessen’s key insight is that the Internet has become the dominant engine for generating new forms of culture.
The evolution of the meme supply chain means the future will look nothing like the past.
Much of the world still operates on assumptions formed during the meme supply chain 1.0, where influential ideas originate at elite institutions and slowly trickle out into the world through credentialed legacy media outlets.
So far, the story of culture in this millennium is meme supply chain 2.0 disrupting 1.0.
Ben DiFrancesco
The internet took the process of cultural formation & accelerated it to unimaginable speeds. The difference is as profound as subsonic vs. supersonic. I think this explains so much of the weirdness we see in the world today. We have subsonic institutions trying to fly >Mach 1 https://t.co/0hJRfHLB8Z
2.0 still bustles with activity today, but big tech’s concentrated power structure means memes that threaten established narratives are often censored into oblivion. Social media giants frequently use 2.0 technology to prop up outdated 1.0 narratives.
Ideally, blockchain-based 3.0 takes the best parts of 2.0 and frees them from the stranglehold of centralized control, allowing people to cultivate new memes in an immutable way.
In response to Andreessen, Elon reposted one of his more famous and enigmatic tweets, suggesting that control of the meme supply chain has become an issue of world-historical importance.
Elon Musk
@pmarca Who controls the memes,
Controls the universe.
Elon’s tweet comes at a time when control of the meme supply chain is shifting decisively away from 1.0 institutions.
Anti-establishment communities like the Freedom Convoy, Reddit Apes, Bitcoiners, the DogeArmy, and others use blockchain and memes to reshape culture at lightning speed.
As old institutions lose their grip on the culture, more new narratives are emerging, and with them new forms of community.
Have the people finally seized the memes of production? Let’s take a look at some cutting edge memes to find out.
SOD
One of the most powerful and disruptive memes on the Internet lately is SOD, or Seed Oil Disrespect.
Canola oil, soybean oil, corn oil, and other polyunsaturated fats are implicated in a range of negative health outcomes, including heart disease, hormonal imbalance, immunodeficiency, blood clots, and cancer.
Processed seed oils were originally developed as industrial lubricants to be used in soap, paint, varnish, cosmetics, and even fuel.
These oils are now found in most processed and restaurant foods. Their rise over the last fifty years goes a long way toward explaining the rise in chronic diseases during the same period.
Seed Oil Disrespect seems to have originated organically out of research by scientists, alternative health practitioners, and concerned citizens.
Its success lies in its wholesomeness: familiarity with the meme promotes health and wellbeing.
If SOD breaches the walls of mainstream culture, it poses an existential threat to the processed oil industry.
SOD could spur larger reform in our food system as people come to terms with the ridiculousness of corporations using lubricant to poison the food supply.
SOD could spur larger reform in our food system as people come to terms with the ridiculousness of corporations using lubricant to poison the food supply.
SOD recently popped up on the Joe Rogan Experience, a sign that it may be ready to make the jump from Internet culture into mainstream.
JRE has become a place where Internet culture crosses over into the mainstream.
JRE has become a place where Internet culture crosses over into the mainstream.
Like most powerful memes, SOD has a chameleon-like ability to combine with other memes and make itself at home in diverse contexts.
Matteo™
Almost all new architecture is spiritually seed oil.
It has gained a big following on crypto twitter, which links it to a broader critique of the financial-industrial complex.
nic carter ᵍᵐ
The buying bitcoin to disrespecting seed oil pipeline
Although government-funded science has turned a blind eye to the ravages of seed oils, the disrespecters have a large body of research on their side, artfully packaged into memes.
Seed Oil Free Restaurants
The side with better memes is the one that's correct
As the SOD meme propagates into the wider world, more people may find themselves saying “No” to seed oils.
Raheem J. Kassam
What the fuck is “seed oil”? Where might I accidentally be consuming this?
At the moment, SOD has reached a state of simmering virality, but hasn’t yet broken into the mainstream.
If it does, a blockchain-powered community of seed oil disrespecters could go far.
Wen SOD DAO?
Freedom Meme
Last week, the Canadian Freedom Convoy captured the world’s attention.
Despite the combined efforts of media and government to discredit it, the Freedom Convoy continues to occupy Ottawa, with new videos of joyful protestors circulating on social media every day.
The idea of a convoy for medical freedom is starting to act like a viral meme. Similar convoys are in the works in Australia, Europe, and the USA.
The utility of blockchain for these protests became apparent when GoFundMe froze $10 million dollars of donations to the Ottawa truckers and said they were going to donate the money to the charity of their (GoFundMe’s) choice. Facing the threat of lawsuits and fraud investigations, GoFundMe backtracked and said it would return the money to the donators.
The GoFundMe SNAFU is a classic example of a 2.0 institution shutting down an inconvenient narrative by attempting to disrupt the meme supply chain.
The distinction between donation and meme became blurred when a $42,000 gift to the truckers was attributed to liar.com, which redirected to Trudeau’s wikipedia page.
Some outlets speculated the donation was made by Elon. When a sympathetic journalist told him to get a refund, he tweeted “It’s not my money” along with a meme:
As the convoy’s funding streams were cut off, Bitcoiners organized a Sats for Truckers donation campaign.
So far, it has raised 9 Bitcoins, though it’s possible the truckers have raised more in crypto than they’re making public.
Can #DogecoinForFreedom be far off?
Who controls the memes of production?
Doge keeps gaining momentum as one of the most powerful anti-establishment memes in the world.
This week, Dogecoin creator Billy Markus floated the possibility that Doge could fix the internet by becoming the world’s leading platform for small transactions.
Shibetoshi Nakamoto
dogecoin will fix the internet by becoming the world’s standard micro-transaction platform

or something

i’m drunk
Doge has run the gauntlet of the meme supply chain for over a decade, emerging stronger than ever in 2022.
Its mainstream breakthrough comes at a historical moment when powerful institutions are attempting to seize control of cultural formation through censorship and other strong-arm tactics.
Doge’s history has encoded it with deep meanings. It shares anti-establishment affinities with other anti-establishment memes like SOD and the Freedom Convoy.
Despite its incredible run, Doge hasn’t reached its full potential yet.
When it does, it could restore custody of the meme supply chain to the people, giving them the power to exchange digital money backed by dog memes for the world’s most advanced technology.
Doges of the world, unite!
Dogey Treats: News Bites
A bill was introduced to the US House to remove crypto tax on transactions worth $200 or less.
The Falcon 9 rocket has completed 111 succesful missions in a row. Elon said Falcon would launch once a week on average in 2022.
A study found that owning cryptocurrency and NFTs increased people’s odds of getting a date.
The Russian government is preparing to legalize and regulate cryptocurrency.
A billboard in Times Square implored President Biden to acknowledge Tesla electric vehicle leadership. A similar online petition has reached over 50,000 signatures.
A year after Elon criticized the ERCOT for being unreliable, Bitcoin miners are helping stabilize Texas’s electrical grid during the winter.
Wall Street Journal profiled Melvin Capital’s Gabe Plotkin.
GameStop is partnering with Australian blockchain startup Immutable to launch its NFT marketplace
Shopify CEO Tobias Lütke joined Coinbase’s Board of Directors.
Arizona State Senator Wendy Rogers, who is behind an effort to make Bitcoin legal tender in Arizona, acknowledged Dogecoin in a tweet.
Litecoin creator Charlie Lee said Dogecoin is “great” and “pretty fun.”
House of Dough Pizza in Nova Scotia announced it was accepting Dogecoin.
The @dogecoin twitter account reached three million followers.
Starlink deployed 49 more satellites. Elon said Starlink would increase production of antennas this year.
Tom Brady announced his retirement on Twitter, saying he hoped to spend more time on his NFT platform, Autograph. Will Brady become a billionaire?
Ted Cruz filed paperwork acknowledging a Bitcoin purchase of up to $50,000.
Michael “Gigachad” Saylor talked with Jack Dorsey at a Bitcoin for Corporations event. After the event, Saylor said he sees evidence of more institutional adoption for Bitcoin.
Barrons profiled Tesla’s Optimus robot.
Robinhood has released beta crypto wallets to at least 13,000 users.
Memes of the Week
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DisclaimerThis is not financial advice and I am not a financial advisor. The article above references an opinion for entertainment purposes only and it is not investment advice. Do your own research and consult with a licensed financial adviser before making any investment decision. Do not treat any opinion expressed in this newsletter as a specific inducement to make a particular investment. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or cryptocurrency or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, cryptocurrency, or financial product does not guarantee future results or returns. Dogecoin is a speculative and highly volatile asset susceptible to pump-and-dump schemes.
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