always an interesting topic. we recorded a hivemind podcast yesterday in which a few of us discussed this in some good detail. not sure when it will be published, but we will send out the links when that happens (hopefully within the next day or so)

my thoughts on this are pretty simple and havent really changed too much since the start of this ‘weird’ cycle in mid 2023.

while i agree with you that historically memes (and other similar things like pfp nfts) have typically run towards the end of cycles past, over indexin