

Minting Billionaires and the Religion of Bitcoin with Meltem Demirors
Feb 18, 2022
Meltem Demirors, a cryptocurrency expert, dives deep into the intriguing world of Bitcoin and its rising status as a 'technocratic religion.' She explores how cryptocurrencies challenge traditional institutions and the concept of value, highlighting quirky digital assets like tokenized knee-high socks. The conversation reveals the potential for decentralized autonomous organizations (DAOs) to reshape community governance and discusses radical ideas for wealth distribution in the crypto realm. Join them as they envision a future where innovation meets community engagement.
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Unisocks as Status Symbol
- Uniswap issued socks redeemable with a token, now worth $115,000-$140,000.
- Wearing these "Unisocks" is a status symbol in the crypto community, like a digital Range Rover.
Ether Rocks and Status Signaling
- Sahil Bloom attended an Ether Rocks party, highlighting the status-signaling nature of humans.
- He bought Ether Rock #69 for 9 ETH (now worth much more), joining the exclusive "Stonehenge" community.
New Values in Crypto
- Crypto wealth is driving new values, rejecting yachts and jets for digital assets and community.
- Sahil Bloom aims to create a million billionaires with a different perspective on value.