web3/concepts/memecoin.md

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# Memecoin
A meme coin is a [cryptoasset](cryptoasset.md) which has no pretense of [fundamental value](fundamental-value.md) or [utility](use-value.md) but instead is a [greater fool](greater-fool-theory.md) investment based trend-following of an image or symbol in popular culture.
See [dogecoin](dogecoin.md) and [financial nihilism](financial-nihilism.md).
## References
1. Mims, Christopher. n.d. NFTs, Cryptocurrencies and Web3 Are Multilevel Marketing Schemes for a New Generation - WSJ. Accessed 14 March 2022. https://www.wsj.com/articles/nfts-cryptocurrencies-and-web3-are-multilevel-marketing-schemes-for-a-new-generation-11645246824.
1. Glongloff, Mark. n.d. Bitcoin, GameStop Are More Cults Than Investments. Bloomberg. Accessed 2 March 2022. https://www.bloomberg.com/opinion/articles/2021-03-02/bitcoin-btc-gamestop-gme-are-more-cults-than-investments.
1. Warzel, Charlie. 2021. The Absurdity Is the Point. Substack newsletter. Galaxy Brain (blog). 11 May 2021. https://warzel.substack.com/p/the-absurdity-is-the-point.
1. Gerard, David. n.d. Confused About Dogecoin? Heres How It (Doesnt) Work. Foreign Policy (blog). Accessed 3 March 2022. https://foreignpolicy.com/2021/02/11/dogecoin-how-does-it-work-elon-musk-cryptocurrency/.
1. Maddox, Alexia, and Luke J Heemsbergen. 2021. Digging in Crypto-Communities Future-Making: From Dark to Doge. M/C Journal 24 (2 SE-). https://doi.org/10.5204/mcj.2755.
1. Becker, Moritz. 2019. Blockchain and the Promise (s) of Decentralisation: A Sociological Investigation of the Sociotechnical Imaginaries of Blockchain. In Proceedings of the STS Conference Graz 2019, 630. https://doi.org/10.3217/978-3-85125-668-0-02.
1. Groos, Jan. 2021. Crypto Politics: Notes on Sociotechnical Imaginaries of Governance in Blockchain Based Technologies. In Data Loam, 1:14870. https://doi.org/10.1515/9783110697841-009.
1. Lustig, Caitlin. 2019. Intersecting Imaginaries: Visions of Decentralized Autonomous Systems. Proceedings of the ACM on Human-Computer Interaction 3 (CSCW). https://doi.org/10.1145/3359312.
1. West, Sarah Myers. 2018. Cryptographic Imaginaries and the Networked Public. Internet Policy Review 7 (2): 116. https://doi.org/10.14763/2018.2.792.