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DailyCoin’s Crypto Memes of the Week #11 – Squid Game of Crypto or Technological Dystopia By DailyCoin


DailyCoin’s Crypto Memes of the Week #11 – Squid Game of Crypto or Technological Dystopia

There’s a grain of truth to every joke, and crypto memes are a distilled form of the grain.

I am awake every night because of a mystery. Do you think crypto could be an exit or entry point into the dystopian realm? On one hand, it’s indeed decentralized and deflationary. On the other hand, isn’t the crypto space a battle royale of coins, DeFis, dApps, NFTs, scammers, and communities? Similar to those in Squid Game!

Squid Game Invitations are Similar to Animal Coins

Netflix’s newest hit show, Squid Game (NASDAQ:), was launched on October 1, 2018. People who are deeply in debt were invited to take part in a contest that offered a huge cash prize. These games have a twist: the death penalty for those who lose. Although, each death adds ₩100M to the main prize.

Isn’t it similar to animal shill coins? While everyone wants to succeed, only a few are able to do it.

Ideology plays a major role

Cryptocurrency isn’t a closed network. The complexity of crypto makes it difficult for beginners to get into the field. This gives rise to a sense of inclusiveness. Then again, most of the time when we check out most pieces of crypto news it’s an almost religious scene. Maximus is yelled at by non-believers, and vice versa.

It’s good that crypto has an ideology of decentralization, which is opposite to an Orwellian scenario. However, decentralization can sometimes be just one step from anarchy which, in its own right, is dystopia.

Modern Times and the Cold War

We have all come to the conclusion that although crypto may not be an Orwellian phenomenon, it can still divide the world. China and El Salvador, for example are the two most extreme countries on either side of the river. While the first tried to ban cryptocurrency as hard as possible, the second adopted crypto legal tender and began to offer wallets and ATMs to its citizens. Doesn’t it sound like the start of a technological Cold War?

NFTs may be eye-blurring, but are fun.

In opposition to Orwel’s “1984”, Huxley created a dystopian world based on obeying human nature and serotonin addiction, rather than totalitarianism. “Brave New World” describes a world in which people focus on mood-altering drugs, mass media, and easy sexual gratification prevails over other aspects of life.

Today, blockchain technology is vital. NFTs are not the same thing as expensive houses and cars. This is eye-blurring.


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