dear dickbutt enjoyers, this is my unimportant thesis on a vision for dickbutt's future.
DICKBUTT'S JOURNEY TO GLORY
ACT I
the story begins in the summer of 2021. swaths of nerds discover you can mint jpegs to the Ethereum blockchain and sell them to other nerds. mostly out of greed, people begin buying anything they think they're early to, regardless of how bad the "art" is. hoping to flip them for a quick profit, most people lose money and 4 years later they have a crypto wallet full of worthless illiquid images they can't bear to look at.
however, it turns out some of this may have lasting value. like pokemon cards or rare stamps, the earliest and most iconic editions attract enough collective belief to sustain valuations that look absurd from the outside. for example, you cannot buy a 2017 CryptoPunk (10,000 piece collection) for less than $200,000 as of today. from glitching digital art to IP-based brands built around penguin pics, there are different categories to invest your time, money and energy in.
the most notable and relevant collection for dickbutt is: CryptoDickbutts (2021). there are 5,200 CDBs with diverse holders including art funds and celebrity DJs. it is currently about $5k to own one of these fine art beauties... i am not saying that would be a wise decision.
ACT II
in April of 2023, months after NFT and crypto prices (and the stock market) collapsed, a creature emerged: Pepe the Frog: the Memecoin
$DOGE launched in 2013 so memecoins have been around for over a decade, but $PEPE arrived at the right moment and now has a larger market cap than Shake Shack or Macy's. Matt Furie, the original artist behind Pepe, was gifted 1 trillion tokens which he in turn sold for $600,000. if he had held them, he would be sitting on $10 million today. memecoins initially intended to mock traditional finance, but seem to have staying power backed by cultural relevance. and because the supply of tokens is fixed, scarcity is enforced by code rather than central banks, meaning they can’t be debased at will. in contrast to NFTs, where a limited amount holders own a variation of a meme, memecoins are more accessible. anyone can buy a small amount of a memecoin and potentially benefit from its success.
countless others moved to capitalize on this trend over the last few years, tokenizing nearly every internet trend in existence. but why? does financializing memes or any other media serve a purpose? most say they are all pump-and-dumps scams, many say they are purely lottery tickets, and some say it's about making friends and joining a community. I say in the short term they are mostly just gambling and entertainment – speculating on which memes will spread larger. communities are anons with aligned financial incentives that enjoy the same content. in the long run, if the pieces fall into place and if the coin is fairly launched with a wide, organic distribution of holders, it could evolve into something significant, maybe.
INTERMISSION
by now i hope it is clear that i'm an idiot. i am not giving financial advice for the main reason that i believe anyone that does give financial advice is a moron. i own a cryptodickbutt, i own these memecoins, but you probably shouldn't. in fact, DO NOT buy anything i am talking about. if you come to your own conclusions as a self-sovereign free-willed human dabbling in cryptocurrencies, then that is great. otherwise this is uninvestment advice.
ACT III
December 9, 2024. $DICKBUTT goes live.
there had been attempts of a dickbutt coin previously, but none of them stuck. most were outright scams from the get-go, poorly executed or the creators stupidly called it something other than "Dickbutt".
the REAL dickbutt coin was executed in the most democratic way possible. the key details about how this coin was launched can be found on the website below, but the main thing to know anyone that wanted it had to buy it. is similar to bitcoin in that regard. it is fully community driven from mostly millennial anons like me that want to see dickbutt's internet reign continue. it should be front and center, ranked in market cap as one of the greatest memes of all time.
K.C. Green unwillingly owns some $dickbutt because I sent it to him, but he has made it pretty clear he wants nothing to do with crypto. and that's okay, because this isn't about seeking his blessing. dickbutt has evolved into a cultural phenomenon, owned by the people, for the people.
also, linktr.ee/dickbutt links to all the big accounts and tools being built. there is even a browser extension that will turn all prices across websites into $dickbutt
FINALE
this made-up tier list of the most networked memes of all time suggests that only a few have it what it takes to become internet currencies people regularly transact with. if money is a belief system and memecoins continue to be relevant, dickbutt believers will come.
the internet runs on absurdity and builds on existing ideas, and in crypto, dickbutt is unstoppable. its staying power is an unshakable force, rivaled only by the memes of the early internet. the dickbutt network effect is real. it sounds dumb, and that's the whole point.
i basically just post dickbutt memes https://x.com/jpeglien