Ironic or not, the concept of value is being re-discovered in a world that increasingly antagonistic to traditional fundamental values.
By that I mean it's easier to move the crowd with a half lie than a fundamental truth.
Take for instance, becoming rich. Our attention is hyper tuned when promises of quick wealth or instant success are dangled in front of us, even if those promises are dubious at best.
In the past, value might have been primarily tied to objective measures like quality or usefulness.
Now, value is also often subjective and shaped by personal experiences, trends, and social media.
Stories and narratives play a huge role in how we perceive value today. A compelling story can make something seem more valuable even if its objective qualities don't necessarily warrant it.
To a certain extent, I think this is what the recent MemeCoin trend revealed and those with a good eye for the traditional and fundamental notion of value can capitalize on this new or added dimension of value, provided they know how to utilize it and blend it with the former.
The issue however, is these people tend to have this belief that anything that doesn't have a fundamental value, isn't valuable.
On a surface level, this is quite true. Just like sunshine provides the optimal conditions for most work to be done, fundamental value offers a strong foundation for assessing and growing worth.
However, what is often missed with that belief is similar to dismissing the value of working under moonlight. While it might not be ideal, some tasks can be accomplished just as effectively, or even more so, at night.
Driving Attention And Capturing Value
The current age presents new avenues for driving and capturing value beyond traditional metrics. This entails looking at the whole concept of value from a nuanced approach.
What I prefer to do is bridge the gap between these two perspectives. For example, leverage storytelling to amplify the inherent value of something.
This simply means packaging (or repackaging) an inherent value into a compelling narrative that resonates with the audience and translates that inherent value into something they desire.
Take, for example, the talented artist who struggles to find recognition or financial success.
Their artistic talent is their inherent value, but without a compelling story that connects with potential patrons or galleries, it remains unrecognized.
The same principle applies to businesses. A company with a high-quality product will probably struggle to compete without a story that resonates with their target market.
So, while those grounded in traditional value might scoff at memecoins or look down on these seemingly superficial social media trends, the savvy among us recognize the Power of storytelling in shaping perception.
We understand that in today's world, driving value often comes from the subjective – the emotional connection, the captivating narrative.
But this doesn't entirely negate the importance of the objective – the inherent quality, the demonstrable results.
A better way of putting it is viewing it as a two-pronged approach, which are captivating storytelling to drive attention and inherent value to capture it.
Arguably, this is the key to navigating the complexities of value in the modern age. Because it provides us to bridge the gap between the fundamental and the trendy, the timeless and the timely.
Thanks for reading!! Share your thoughts below on the comments.
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This is both true and false. For example, Warren Buffett doesn't invest in tech companies and his investment principles are driven by fundamentals. Does it mean tech companies are not valuable? Obviously not, as we can easily see.
Now, if you were asking me to find value in meme coins, I would find fewer reasons, if any. They are a means for crypto to change hands, that's for sure. And usually from the outsiders to the insiders. And they might be a way to attract more gamblers to the crypto space. But other than that, I am too far from that phenomenon to find more use cases for them.
Yes, it mostly depends on how one looks at it. Some tech companies are even more valuable than non-tech companies with seemingly strong fundamentals.
I think memecoins could also be a gateway for users to learn more about the crypto space and get familiarize with it. But this is yet to be seen happening to a noticeable extent. Because it's kind of hard to come for one reason(instant riches) and then stay for another reason(e.g building wealth).
Thanks for stopping by :)
It's interesting. This has often been said on Hive and, before the split, the legacy chain, and if it's true, it's sort of proof of the contrary, even if it doesn't necessarily reflect a change in the mentality regarding the financial aspect (although in some cases it is): "I came for the rewards but stayed for the community."
Yes, I do read about it here every now and then. I think it does happen too, finding something that's greater than just collecting rewards. It's like the scope of what's possible expands and we start aiming to be a part of that too.