In a world where the most absurd outcome often happens, and outdated financial institutions are fighting to maintain their grip on power, can collective will, tokenized as a 'memecoin' on the blockchain, provide a way out of "Clown World"?
In May 2021, Elon Musk promised to launch a satellite in 2022 to achieve the first crypto-funded mission to space. Unfortunately for Mr. Musk, however, his promise has been broken. On December 15, a rival memecoin, DogeBonk, launched its own community-funded space mission and successfully reached the stratosphere.
An onboard camera filmed the launch, and a meme was revealed at the peak of the flight. The meme shows a dog with a bat "bonking" a Dogecoin symbol, with a tear-streaked Elon Musk in the background. #SorryElon was trending on Twitter for days. They followed this up with a billboard placed directly outside the SpaceX Hawthorne factory, proclaiming his loss with the message: "SORRY ELON 2ND PLACE IS STILL GOOD".
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All exceedingly silly, but why is this important?
$GME and WallStreetBets already proved the power of a weaponized community when they took on Wall Street itself and won. Memecoin communities are the $GME of Web3.0, groups of motivated people exercising newfound power simply by tokenizing the value of their will on the blockchain. Regulators have yet to catch up, and a new zeitgeist is forming. Memecoins are becoming credible as serious digital assets because they represent the community behind them.
"Clown World'' emerged from the depths of cyberspace, the perfect term to describe the new zeitgeist, a movement born out of Gen Z's dissatisfaction with a broken financial system from which they are barred. So, they are building something new.
The Dogebonk community is "an exponentially growing swarm of mostly anonymous growth marketers and content creators, self-organizing into what is essentially a worldwide, virally growing marketing agency." The dog with a bat meme is a symbol to rally around; a means to illustrate the absurdity of the financial system at large and the possibility of a new way of doing things.
One of the DogeBonk developers, quoted in a recent article in The Independent, expresses the unerring confidence of the community perfectly:
"Dogebonk is the real memetic answer to the ridiculous Clown World. We are the first memecoin in space. We have the funds to do funny things, and we want to meme DogeBonk into being the biggest memecoin of 2022."
