actually kinda insane to think that u just click some buttons in the right order then ur rich like wtf this is the actual greatest era to have ever lived in
Stoic Strength: Memecoins and Their Role in Portfolio Construction
"Memecoin dominance" has been topical YTD, with premiums accruing to both new (WIF, PEPE, MOG and POPCAT to be coined herein as the "Big Four") and old (retention of value via DOGE and SHIB, return of 2021-borne BONK and FLOKI).
The emergence of this class prompts the following questions:
1) What is a realistic range for aggregated memecoin value as a digital asset class?
2) Is there a pattern we can template toward identifying the next large-cap memecoin?
3) Is there a way to construct a case for "responsible" deployment (re: "institutional" adoption)?
My belief is that despite gross (and likely invalid) targets set for certain populist coins, memecoins are, and will remain, a unique device that can push the frontier for what is considered acceptable risk/return beyond being a quickly diminishing slope of reflexivity:
I see sustainable actionability in two ways even without new money entering the ecosystem:
1. Continued cannabilization of market share from NFTs (a ~$70B market today) - a virtually identical product wrt inherent value (or lack thereof) and community expression
2. Providing an uncorrelated return wrt BTC / other asset buckets
If we are to believe that BTC has become a macro lever (to be expanded on in a separate piece), then the argument for non-correlated assets such as memecoins - specifically those under ~$1B - may be worthwhile levers in doing 2 things:
i) hedging liquid bets elsewhere
ii) enable lagging portfolios to "catch-up"
JULIAN ASSANGE IS FREE
Julian Assange is free. He left Belmarsh maximum security prison on the morning of 24 June, after having spent 1901 days there. He was granted bail by the High Court in London and was released at Stansted airport during the afternoon, where he boarded a plane and departed the UK.
This is the result of a global campaign that spanned grass-roots organisers, press freedom campaigners, legislators and leaders from across the political spectrum, all the way to the United Nations. This created the space for a long period of negotiations with the US Department of Justice, leading to a deal that has not yet been formally finalised. We will provide more information as soon as possible.
After more than five years in a 2x3 metre cell, isolated 23 hours a day, he will soon reunite with his wife Stella Assange, and their children, who have only known their father from behind bars.
WikiLeaks published groundbreaking stories of government corruption and human rights abuses, holding the powerful accountable for their actions. As editor-in-chief, Julian paid severely for these principles, and for the people's right to know.
As he returns to Australia, we thank all who stood by us, fought for us, and remained utterly committed in the fight for his freedom.
Julian's freedom is our freedom.
[More details to follow]