Memetics

$GME price in Jan-Feb 2021. Image Credits: https://finance.yahoo.com/chart/GME Folks like Melvin Capital and Citron Research think that GameStop is a dying business. The general public is optimistic though, be it for fundamental reasons (e.g. Ryan Cohen (chewy.com) will help GameStop can re-invent itself in the online space ), or for personal amusement, or FOMO. In particular, /r/wallstreetbets members are buying lots of call options ....

Programmable Money South Korea’s COVID-19 stimulus payments were programmed to expire in Aug 2020, and could only be spent at qualifying shops. Australia’s cashless welfare card [currently in pilot stages] cannot be withdrawn as cash, nor used at alcohol, tobacco and gambling joints. Monzo, a UK-based digital-first mobile baking app, supports IFTTT recipes. This enables budgeting logic, “If I spend at KFC, then move $5 to my penalty pot”....

The Tulip Bulb Craze Virus causes colored stripes in tulip petals. The Dutch valued such bulbs. Prices rose (just when one thought they couldn’t go higher). Let the tulipmania begin. Note: And that’s where FOMO comes in. You can’t argue with the results. You just want to dip your toes and get out. I watched Bitcoin keep climbing, until I got into the game with $50… Tulip bulbs options....

The Tulip Bulb Craze Virus causes colored stripes in tulip petals. The Dutch valued such bulbs. Prices rose (just when one thought they couldn’t go higher). Let the tulipmania begin. Note: And that’s where FOMO comes in. You can’t argue with the results. You just want to dip your toes and get out. I watched Bitcoin keep climbing, until I got into the game with $50… Tulip bulbs options....