Meme 幣超級週期：身分是新的實用工具

從小眾網路笑話到成熟的投機交易工具，迷因已經走過了漫長的道路。現在，有了 Goatseus Maximus (GOAT)，我們甚至擁有了第一位人工智慧代理百萬富翁。

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Memes have come a long way, from niche internet jokes to full-blown speculative trading instruments. Now, with Goatseus Maximus (GOAT), we even have the first AI agent millionaire.

從小眾網路笑話到成熟的投機交易工具，迷因已經走過了漫長的道路。現在，有了 Goatseus Maximus (GOAT)，我們甚至擁有了第一位人工智慧代理百萬富翁。

While I had initially written off meme coins as gambling chips at the crypto casino, it takes foresight to see what they truly signify. Murad Mahmudov’s presentation at TOKEN2049 in Singapore opened my eyes.

雖然我最初將模因幣視為加密貨幣賭場的賭博籌碼，但需要有遠見才能了解它們的真正含義。 Murad Mahmudov 在新加坡 TOKEN2049 上的演講讓我大開眼界。

From Dogecoin (DOGE) or Shiba Inu (SHIB) to Bonk (BONK) or Pepe (PEPE), crypto memes are rallying points in today’s hyper-digital world. They provide folks with a shared language and identity—the assurance of belonging—where legacy institutions and market structures are failing them.

從狗狗幣（DOGE）或柴犬（SHIB）到邦克（BONK）或佩佩（PEPE），加密迷因是當今超數位世界的聚集點。它們為人們提供了共同的語言和身分認同——歸屬感的保證——而傳統的機構和市場結構卻讓他們無法做到這一點。

Murad says we’re in a ‘meme coin supercycle,’ and tribal loyalty and community sentiments drive markets more than utility. I think he’s totally on point—the signs are everywhere, in the trenches and also outside.

穆拉德說，我們正處於“迷因幣超級週期”，部落忠誠度和社區情緒對市場的推動力大於效用。我認為他完全說對了——無論是在戰壕里還是在外面，這些標誌無處不在。

As an OG, I’ve had to question whether or not traditional business advice is mostly useless in web3. The ‘token is the product’ here. So innovators and devs might be wise to focus on building based tribes and tight-knit communities, not just some abstract underlying utility.

作為一名 OG，我不得不質疑傳統的業務建議在 web3 中是否幾乎毫無用處。這裡的「代幣就是產品」。因此，創新者和開發人員可能明智地專注於建立基礎部落和緊密結合的社區，而不僅僅是一些抽象的底層實用程式。

Neither more infra nor more apps

既沒有更多的基礎設施，也沒有更多的應用程序

Starting with Bitcoin (BTC) and Ethereum (ETH), a culture of anarchy together with cutting-edge tech defined crypto’s value proposition. It came with the promise of a decentralized and trustless world built around individual autonomy. But more than fifteen years later, crypto-tech hasn’t quite fulfilled its promises … yet.

從比特幣（BTC）和以太坊（ETH）開始，無政府主義文化與尖端技術一起定義了加密貨幣的價值主張。它帶來了圍繞個人自治建立的去中心化和去信任的世界的承諾。但十五年多過去了，加密技術還沒有完全兌現其承諾。

While more infra and more apps might increase the coolness of blockchain and crypto, what it truly needs—especially for mass adoption—is more emotional touchpoints and narratives around which people can huddle.

雖然更多的基礎設施和更多的應用程式可能會增加區塊鏈和加密貨幣的酷感，但它真正需要的——尤其是大規模採用——是人們可以聚集在一起的更多情感接觸點和敘述。

The next billion users don’t care about the tech or which big-shot VC is investing in the next shiny object. They care about having fun with a community of like-minded people. The ‘public good’ or social impact projects created downstream from here—are the cherry on top.

下一個十億用戶並不關心技術或哪個大牌風投正在投資下一個閃亮的物體。他們關心與志同道合的人一起享受樂趣。從這裡下游創建的「公共利益」或社會影響計畫是最重要的。

Take DOGE, the OG crypto meme coin, for example. It was born with satirical intent and no groundbreaking tech or VC funding to back it up. I was in the room at the Ethereum Foundation in Zug when DOGE was launched. It was an intentional joke; tech bros said, “Let’s not take ourselves too seriously.” Yet it now has over 6.9 million holders, and the community is using its money to fund water wells in Kenya. That’s what you call bottom-up utility creation.

以 OG 加密迷因幣 DOGE 為例。它的誕生帶有諷刺的意圖，並且沒有突破性的技術或風險投資來支持它。 DOGE 推出時，我正在楚格以太坊基金會的房間裡。這是一個故意的玩笑；科技兄弟說：“我們不要太認真了。”然而，它現在擁有超過 690 萬持有人，社區正在利用其資金資助肯亞的水井。這就是所謂的自下而上的實用程式創建。

Rather than deep-pocket investors dumping ‘use-cases’ and overvalued coins on retail, meme coins foster genuinely decentralized community formation. That’s the core strength and beauty of meme coins.

資金雄厚的投資者並沒有將「用例」和估值過高的代幣拋售給零售業，而是促進了真正去中心化的社群形成。這就是迷因幣的核心力量和美麗。

Speculation aside, they incentivize geographically, culturally, and ideologically discreet people to form groups around a shared idea—mostly a fun, humorous one. And because there’s typically no ulterior, long-term end in sight, memecoin communities come together for the community’s sake.

拋開猜測不談，它們激勵在地理、文化和意識形態上謹慎的人們圍繞著一個共同的想法組成團體——主要是一個有趣、幽默的想法。而且由於通常看不到隱密的、長期的結局，迷因幣社群為了社群而聚集在一起。

Vibing in a disconnected world

在一個斷開的世界中振動

Tribalism isn’t new in crypto. Bitcoin maximalism or Ethereum loyalty, for example, is nothing short of quasi-religious sentiments. The Genesis Block is a holy symbol enshrined in mathematics, game theory, and mythology.

部落主義在加密貨幣領域並不新鮮。例如，比特幣極端主義或以太坊忠誠度無異於準宗教情緒。創世塊是數學、博弈論和神話中的神聖符號。

This begs the question—why are meme coins booming now? The short and lazy answer would be that crypto works in cycles, and now is the time for meme coins. All of them will go to zero once the hype passes. But no.

這就引出了一個問題——為什麼模因幣現在蓬勃發展？簡短而懶惰的答案是加密貨幣是循環運行的，現在是模因幣的時代。一旦炒作過去，所有這些都將歸零。但沒有。

The world is becoming increasingly distraught, and younger generations are having a hard time making sense of it. There’s an utter lack of meaning—and disillusionment—as established institutions either crumble or betray their dark, anti-individual underbelly.

世界變得越來越令人不安，年輕一代很難理解這一點。當既定機構要麼崩潰，要麼暴露其黑暗的、反個人的弱點時，完全缺乏意義和幻滅。

Memes are the antidote to such banality, not just in crypto but everywhere. Even the US presidential elections were largely being fought on memetic identities like ‘Kamala is Brat’ or ‘Bro Vote’ more than hardcore policy, performance, or ideology.

迷因是這種平庸的解藥，不僅在加密貨幣領域，而且在任何地方都是如此。就連美國總統選舉也主要是圍繞著「卡馬拉是小子」或「兄弟投票」等迷因身分進行的，而不是核心政策、表現或意識形態。

Earlier Brexit saw sharp divisions into ‘Leave’ and ‘Remain’ camps, with tribal language like “Remoaner” and “Brextremist” characterizing polarized conversations across the board. Although a negative manifestation, this shows how integral tribalism is to modern times and culture.

在英國脫歐早期，「脫歐」和「留歐」陣營出現了尖銳的分歧，「抱怨者」和「脫歐極端主義者」等部落語言描繪了全面兩極化的對話。儘管這是一種消極的表現，但這表明部落主義對於現代和文化來說是多麼不可或缺。

Meme coins are great because they channel this rising demand for belongingness and connection into something positive and monetizable. Thousands vibed with the ‘Goatse Gospel,’ and many more will do so without caring if LLMs can make typos or not.

迷因幣很棒，因為它們將對歸屬感和連結不斷增長的需求轉化為積極且可貨幣化的東西。成千上萬的人被「山羊福音」所震撼，還有更多的人會這樣做，而不關心法學碩士是否會犯錯。

Popcat (POPCAT), the Solana-based meme coin, is another example of fun vibes and community traction erasing the need for technical promises. Bonk thrived on similar lines to become the ‘social layer’ of Solana.

Popcat (POPCAT) 是基於 Solana 的迷因幣，是有趣的氛圍和社區吸引力消除對技術承諾的需求的另一個例子。 Bonk 以類似的方式蓬勃發展，成為 Solana 的「社交層」。

Overall,

全面的，