19633
Mike

@mikeabundo #19633

Seeking fragments of the future.
259 Follower 205 Following
The two citypop songs seeing a resurgence of interest right now, “Stay with Me” from 1979 and “Plastic Love” from 1984, capture an interesting cultural shift.

“Stay with Me” glorifies love and begs for more, as many in the seventies did.

“Plastic Love” gives up on love and embraces hedonism, as many in the eighties did.
Tech coins are Billie Eilish’s “What Was I Made For?”

Memecoins are the meow meow version.
Both Democrat money printing and Republican deregulation create boom and bust cycles.

Same song, different styles.
The pattern of Left-Right cultural dominance over recent decades plays out like this:

1940s-50s: The Right holds sway. WWII and the Cold War push conformity, patriotism, and anti-communism. Stability is key.

1960s-70s: The Left rises. Civil rights, anti-war, and feminist movements take over. Counterculture drives a focus on freedom, challenging tradition.

1980s: The Right returns. Reagan’s era is about traditional family values, economic conservatism, and anti-Soviet rhetoric. A response to the 60s and 70s excess.

1990s: The Left gains ground. With the Cold War over, there’s room for cultural liberalism—diversity, social freedoms, environmentalism.

2000s: The Right regains influence post-9/11. Security, patriotism, and conservative values intensify amid the “War on Terror.”

2010s: The Left takes the stage. Social media fuels movements like #MeToo, Black Lives Matter, and LGBTQ+ rights. Social justice is the cultural centerpiece.
If the eighties are coming back, then Patrick Bateman’s growing popularity makes a lot of sense.
The left rises when people see merit in their cultural stances and falls when people see folly in their fiscal stances.

The right rises when people see merit in their fiscal stances and falls when people see folly in their cultural stances.
May your risks be incremental and your rewards existential.
I don’t understand why Kamala thinks crypto is a Black thing.

We are all brothers and sisters in the coin.
Trump wants to support all crypto holders.

Kamala wants to support Black crypto holders.

Hm.
Between Musk launching rockets, Powell cutting rates, and Trump deregulating industries, we just might get the eighties again.
"Nothing even potentially meaningful will ever be built on crypto again, so let's just play straight ponzi casino games with funny names."

That's the memecoin supercycle thesis.
If the next administration loosens up on ICOs, crypto could see the return of 2017-style asymmetric opportunities.

Be ready to evaluate and capitalize on such opportunities.
Men who are insecure about their wealth destroy their wealth through excessive risk-taking and lifestyle inflation.

Women who are insecure about their looks destroy their looks through excessive surgery and eating disorders.
Crypto descends into PvP shitcoinery between PvE narratives.

A memecoin supercycle would require no more PvE narratives for crypto, ever.
You need at least 10¹⁰⁰ joules of energy to completely unmake and remake the universe.

That’s the energy level to which we should all aspire.
Investing in what's best for you requires both market knowledge and self-knowledge.
It’s crazy how much humanity’s sense of meaning in life is inversely correlated to the federal funds rate.
Financial nihilism is a high interest rate phenomenon.
We lost the virtues of the scribal tradition when we adopted the printing press. We got over the loss.

We lost the virtues of manual calculation when we adopted the calculator. We got over the loss.

We lost the virtues of mixing and mingling when we adopted online dating. We got over the loss.

We will get over losing whatever we will lose by adopting AI.
Every trade — whether for your time, money, or effort — is a bet that what you get will be more useful, valuable, or pleasurable to you than what you give.
Buy crypto when hatred and division run rampant in crypto.

Sell crypto when the woke mob screeches for inclusion in crypto.
Crypto seems to fall into PvP shitcoining between big narratives.
The best investment in the world might be terrible for your time horizon and liquidity requirements.

Invest in what’s best for you.
I’m guessing that Trump’s defi project will eventually make tokenized RWA useable on an Aave instance.

“[World Liberty Financial] foresees onboarding assets that may not be compatible with the main market on Ethereum Mainnet, leveraging its ties to traditional finance and institutional investment.”
World Liberty Financial deploying to the Ethereum mainnet aside from Polygon means they expect size.

This will be fun.