web3/concepts/ideologies/financial-nihilism.md

583 B

Financial Nihilism

A philosophy on investing and markets in which value does not exist or is inherently unknowable. The claims of this ideology are inherently contradictory but is stems from an underlying belief that market have no purpose and cannot or does not exist to do price formation on assets because capitalism does not work.

This is a belief system held by many who participate in meme-stock and memecoin projects such as dogecoin.