社会货币是Memecoins的未来

原始标题：社交货币是Memecoins的未来

The cryptocurrency market over the past 18 months has been like a roller coaster, and amidst this chaos, we have witnessed the rise of memecoins. Although memecoins are not a new phenomenon—indeed, they are one of the oldest forms of cryptocurrency—they have once again proven themselves to be the preferred vehicle for participating in the most unique mechanism of cryptocurrency (speculation).

在过去的18个月中，加密货币市场就像过山车一样，在这种混乱之中，我们目睹了Memecoins的兴起。尽管成人不是一种新现象（实际上，它们是加密货币的最古老的形式之一），它们再次证明自己是参与最独特的加密货币机制（猜测）的首选工具。

While memecoins are essentially pure and almost artistic, they also have a dark side. No, the problem is not with insiders or small groups—this is a common ailment that plagues the entire cryptocurrency space. In my view, the real issue lies in a lack of effort, failure to seize opportunities, and people's complacency in building memecoins. Perhaps I am too naive, but I refuse to accept that memecoins should stop here—at least I hope that is not the case.

虽然Memecoins本质上是纯净的，几乎是艺术的，但它们也有一个黑暗的一面。不，问题不是在内部人或小组中，这是困扰整个加密货币空间的常见疾病。我认为，真正的问题在于缺乏努力，未能抓住机会以及人们在建立成年人方面的自满情绪。也许我太幼稚了，但是我拒绝接受该模因应该在这里停止 - 至少我希望事实并非如此。

I firmly believe that the Trojan horse for the widespread adoption of cryptocurrency is intellectual property (IP), as it can establish credibility in a realm lacking a trust ladder, and memecoins, like NFTs, are a form of IP. Memecoins have a tremendous opportunity to drive the development of the crypto industry by deeply engaging with the minds of ordinary people. However, they have not broken through the potential boundaries of their crypto-native roles; instead, they have stagnated on the path of transcendence, lacking originality and being mundane. I worry that if the status quo is maintained, the drawbacks will outweigh the benefits. For this category to thrive, memecoins must evolve, and I firmly believe the direction of evolution is to become social currencies—tokens that transcend lazy pump-and-dump schemes and transform into scalable, memorable, and beloved IP.

我坚信，特洛伊木马的广泛采用加密货币是知识产权（IP），因为它可以在缺乏信任阶梯的领域中确立信誉，而NFTS（例如NFTS）是IP的一种形式。 Memecoins有很大的机会通过与普通百姓的思想深入互动来推动加密货币行业的发展。但是，他们并没有打破其加密本地角色的潜在界限。取而代之的是，他们停滞在超越的道路上，缺乏独创性和平凡的状态。我担心，如果保持现状，则缺点将超过利益。为了使这一类别成长，成人必须进化，我坚信进化的方向是成为社会货币 - 超越懒惰的泵送和降低计划并转变为可扩展，令人难忘和备受喜爱的IP的tokens。

My argument is not to replace memecoins with social currencies but to add a final stage to their growth roadmap. Memecoins must graduate from meaningless on-chain images and evolve into social currencies that can drive the development of the crypto industry, possessing productivity and perception. I believe there are existing tokens that belong to this category. This article will explore the current state of memecoins, why successful projects should evolve into social currencies, and the impact of social currencies on the crypto space.

我的论点不是用社会货币代替成人，而是在其增长路线图中增加最后阶段。 Memecoins必须从毫无意义的链图像毕业，并发展为可以推动加密行业发展的社会货币，具有生产力和感知。我相信存在属于此类别的现有令牌。本文将探讨模因的当前状态，为什么成功的项目应演变为社会货币以及社会货币对加密货币空间的影响。

First, what are social currencies?

首先，什么是社会货币？

Social currencies are tokenized assets that represent value within a specific community, typically used to incentivize participation, reward contributions, and enhance brand or community loyalty. They operate similarly to traditional currencies, but their value derives from social interactions, reputation, and influence.

社会货币是代表特定社区中价值的标记资产，通常用于激励参与，奖励贡献并提高品牌或社区忠诚度。它们的运作与传统货币相似，但其价值源于社会互动，声誉和影响力。

In simple terms, social currencies are memecoins with fundamentals—they are progressive, perceptive, and focused on nurturing communities that can sustainably create viral effects, rather than extracting value from fleeting hype.

简而言之，社会货币是具有基本原理的成年货币 - 它们是进步的，敏锐的，并且专注于培养可以可持续产生病毒效应的社区，而不是从短暂的炒作中提取价值。

Memecoins vs Social Currencies

Memecoins vs社会货币

Memecoins do not create viral effects—they monetize viral effects, draining the heat until it fades. In contrast, social currencies possess perception and can actively promote their IP through various media, collaborations, and integrations, continuously generating viral effects.

纪念物不会产生病毒效应，而是货币化的病毒效应，排出热量直到逐渐消失。相比之下，社会货币拥有感知，可以通过各种媒体，协作和整合积极促进其IP，从而不断产生病毒效应。

Typical lifecycle of a memecoin:

Memecoin的典型生命周期：

Lifecycle of a social currency:

社会货币的生命周期：

In my view, all social currencies initially start as memecoins, but as momentum builds, they must evolve into social currencies. The following diagram accurately illustrates this process.

我认为，所有社会货币最初都是从成员开始的，但是随着势头的建立，它们必须发展为社会货币。下图准确说明了此过程。

I love this diagram because it shows that social currencies are not meant to replace memecoins but are their evolved form. To me, social currencies are memecoins backed by real value. Anyone can issue a memecoin, but only the best can inject real value into it.

我喜欢这个图表，因为它表明社会货币并不是要取代成人，而是他们进化的形式。对我来说，社会货币是由真正价值支持的模因。任何人都可以发出模因，但只有最好的才能将实际价值注入其中。

If you believe that liquid crypto assets will primarily belong to the retail asset category, then you are believing in memecoins and their success. If you believe that institutional capital will eventually flow into altcoins, then you must expect fundamentals to dominate. Social currencies combine the advantages of both—retail appeal from memecoins and the engaging qualities sufficient to attract institutional participation. In my view, social currencies blend the essence of memecoins and utility tokens.

如果您认为流动加密资产主要属于零售资产类别，那么您相信Memecoins及其成功。如果您认为机构资本最终会流向山寨币，那么您必须期望基本面占主导地位。社会货币结合了两者的优势 - 成年人的零售呼吁和足以吸引机构参与的引人入胜的品质。在我看来，社会货币融合了模因和实用令牌的本质。

When analyzing the flaws of memecoins, it is clear that they could have more potential, but we allow social consensus to convince itself that “memecoins should be ineffective, and it has always been this way.” I personally refuse to accept this as the future norm of the field. To understand my frustration, one must first dismantle the current constraints on memecoins and how social currencies can resolve these issues.

在分析成员的缺陷时，很明显，它们可能具有更大的潜力，但是我们允许社会共识说服自己，“纪念物应该是无效的，并且一直是这种方式。”我个人拒绝接受这一领域的未来规范。为了理解我的挫败感，必须首先拆除当前对因素的限制以及社会货币如何解决这些问题。

Flaws of Memecoins

成人的缺陷

Advantages of Social Currencies

社会货币的优势

Perception vs Non-Perception

感知与非感知

For traders and investors, the core difference between memecoins and social currencies lies in perception—the ability to maintain continuous relevance. Social currencies possess perception while memecoins do not, which is the key that traders should focus on. Perception = Relevance = Attention = Momentum. Unless you are a crypto legend (like DOGE), anything without perception will ultimately fade away.

对于贸易商和投资者而言，纪念因素和社会货币之间的核心差异在于感知的 - 保持连续相关性的能力。社会货币持有感知，而Memecoins却没有，这是交易者应重点关注的关键。感知=相关=注意=动量。除非您是一个加密传奇（例如门槛），否则任何没有感知的东西最终都会消失。

At this point, some may think: “I don't want memecoins to bear any execution risk.”

在这一点上，有人可能会认为：“我不希望Memecoin承担任何执行风险。”

This psychological battle began with NFT art collectors in 2020, and I am surprised that we have continued this narrative. My rebuttal is simple: things without execution risk rely entirely on luck. Execution

这场心理斗争始于2020年的NFT艺术收藏家，令我们惊讶的是我们继续这种叙述。我的反驳很简单：没有执行风险的事情完全依赖运气。执行