Are we witnessing Policlyfi’s dawn?
In an earlier article on why Memecoins Matter, I argued that Memecoins is marking the beginning of a new era of civic participation by forming speculative markets in which citizens can exchange currencies linked to government policies. I suggested that the distributions of holders and market limits in these markets would indicate popular support for underlying policies to legislators, which would then take them into account when creating public policies, promoting a new form of political dialogue between citizens and states.
I called this dynamic policy and presented it as a constructive use of memecoins.
Since the Trump administration entered the position and the president -elect and the first lady launching Memecoins, it is a good time to ask if we are entering the era of politics and, if so, if we must welcome him.
I think the answer to each of these questions is yes. The convergence of a meme administration, a defense of citizens and memes of memes has created fertile conditions for Policyfi and, perhaps contraintuitively, for a better policy formulation.
Memes Administrator, Citizenship of Memes, Defense of Memes
Policyfi requires the installation of government actors sensitive to memes, or a “meme administrator.” In the original piece, I suggested that the incoming administration adjusted to the bill because it understood and respected the power of the memes. When I wrote that, I was mainly thinking about Elon Musk and his affinity for Dogecoin, but also for Trump’s own adherent to create and take advantage of memes in the campaign and while he was in office.
It is true that the issuance of the elected president of his own Memecoin de Solana (Trump), soon followed by his wife (Melania), a few days before lending the oath I was even surprised by me. (I suspect that the moment was driven by concerns about the emolument clause).
The Trump memecoins shot immediately, draining liquidity of each cryptographic ecosystem and almost breaking the solar block chain. If you are a cryptographic native, you will always remember where you were when the first lady of the elected president and soon announced the launch of his memecoins.
Trump’s coins sharply divided the cryptographic industry. But, what is more important for current purposes, undoubtedly put the Americans while they were in office.
Trump’s coins contributed another essential ingredient for Policyfi: the incorporation of citizens into memecoins and, in particular, political currencies. Statistics on Trump and Melania memecs, which were explicitly marketed as a form of political expression, are amazing and revealing. Most of the headlines were new retail buyers. About 50% had never bought a Solana Altcoin (that is, tokens in the Solana block chain, excluding Sol and Stablecoins) before. Almost half of the buyers created their wallets the day they bought the tokens, and more than 80% of Trump and Melania holders have less than $ 1,000 in assets in Solana, which suggests even more retail popularity.
Many of these memes recruits seem perplexed about what to do with their cryptography. (I hope you discover it).
Together with this citizenship of administration and meme of meme is the proliferation of more (and most innovative) memecoras centered on policies. Many of the political memecoras that I mentioned in the original piece, such as Dege (Government Efficiency Department) and SBR (Bitcoin Strategic Reserve), attracted a substantial commercial volume as the new administrator assumed the position and investors began to speculate on its initial policy steps. .
Read more: Ivo Entchev – Why Memecoins matters
However, these policy tokens remain relatively primitive from Policlyfi’s perspective because they put more emphasis on attention flows or prediction (such as a prediction market) than in the commitment to government actors.
Another file, milk, best suits the policy policy thesis. The express purpose of the milk meme token is to change the food policy of the United States to allow the sale of non -pasteurized milk. The milk community advances that tangible policy position through its tokens (2,000 people have milk), the market capitalization of the token (as high as USD $ 1m) and the production of the community memes community on social networks on social networks (constant). In a Policyfi era, we would expect to see a Cambrian tokens explosion in the milk mold.
A dialogue with Leviathan
The expression of the political will through meme policy markets is necessary but not sufficient for Folyfi’s policy. Governments must also start talking with these markets when preparing policies. We can see early indicators of this too.
President Trump has long seen public markets and especially the stock market as a barometer of his performance and has tried to satisfy them. More recently, he has adopted a similar position towards the price of Bitcoin (which in itself is a financial policy brand) and is undoubtedly monitoring the price of its own memory, which represents most of its net paper on paper. Other members of the political establishment from Elon Musk to Senator Cynthia Lummis (R-Wy.) Have committed to memes that have government policy.
Policy formulators have not yet committed to closely prescriptive memecure, such as milk. If this would change, I would expect it to arise in disruptive areas that have generated more general memes, such as government efficiency (for example, doge), industrial policy (for example, health policy and health policy (for example, Maha ).
Is politics good for governance?
Assuming that we are moving towards Pollyfi, is it something good? There are some strong reasons to believe it is.
First, the introduction of speculative markets in government decision making improves the quality of the most important contributions in decision making: information. Speculative markets can process a large volume of information by motivating people to acquire it, share it through operations and crystallize in consensus prices that persuade a broader audience. A form of government known as “Furtaquía” takes advantage of speculative policies specifically to improve information flows within the government and the formulation of general policies.
Secondly, Policlyfi creates positive externalities, in the form of civic commitment and education, despite being promoted by greed. In fact, anyone who waits for money in Policyfi will need to become an expert in how the government works, how policy is done and what emerging policies are undervalued and why. It is difficult to imagine a stronger incentive for common Americans (who are already prodigious sports players) to get constructively involve with politics. Degen’s policy is, paradoxically, a model citizen.
Third and finally, Policlyfi is involving an expanding class of citizens who are native to the Internet and are accustomed to expressing themselves through speculative markets. That was the citizen who led the Gamestop frenzy, which was income inequality and hit it to Wall Street, as is currently promoting the price of memecoins such as SPX and Fartcoin, which ridicule traditional finances. In summary, public financial markets have become the medium of ridicule, satire and political expression for a new generation that would prefer to buy a memory or send a stock to the moon than to write to their congressman.
A common objection to the policy of FIFI markets is that they are susceptible to the manipulation of our enemies. This is a concern, but perhaps not as great as it is supposed. The same argument was applied to the Polymarket, the prediction market without permission that constantly favored a decisive victory of Trump in the elections. Despite the strong incentive for foreign interference, Polymket was not only the best barometer of the feeling of vote that led to the elections, but also the best predictor of the electoral results, affirming the information processing force of the speculative markets.
My goal here is not to advocate Policlyfi, or being a memecoins apologist in general. However, I think Memecoins represent a powerful viral capital formation technology that matters and will affect a variety of domains, including politics. I will be watching closely, and you should too.
