so the individuals buying dogecoin just for the sake of owning one are not so different than the individuals who buy luxury bags or diamonds or even gold yet we don't suddenly say that luxury brand companies and mining companies don't deserve their marketcap
AND just like with fashion, the purpose of buying fashionable items is for sexiness and matchmaking AND in a world stuck inside with covid where others can't see what ur wearing "look at me i have the money of the future" is pretty darn sexy
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in general, popularity pulsates like a wave out from a central Source. the closer you are to the Source the higher a price premium you have because you can act before the wave hits the masses and causes supply influx you want to be hipster BEFORE hipster is a word
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this is valuable because it creates a hierarchy of value. you can signal that you are closer to Source or have the ability to identify Source. this can closeness to the Most Popular Kid, the Richest Dude, the Smartest, the Cult leader, whatever....
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all of these derive from the fundamental desire to be closer to "God" and because hoomans have killed God Above... their only remaining solace is to try and go to the moon
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End of conversation
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