What is TANUKI•WISDOM (Runes) (🦝)?
Degen-ery defines the state of crypto today, as we moved from the decentralization maxi cypherpunks of the past to the capitalist, fiat maximalists of today. It is no longer about values of decentralization and personal economic freedom, as crypto has evolved from a philosophically driven movement to being a extractive global casino for speculation. The 2013 run of Bitcoin was the birth of the collective belief that we could replace the global monetary system.
How does TANUKI•WISDOM (Runes) work?
ICOs of 2017 brought in more believers, with promises of grand ambitions, except they failed to materialize - leaving the speculators and newcomers disillusioned. The DeFi summer of 2020 brought in crypto’s first on-chain utility, shifting us into degen behavior, participating in clear ponzis to extract value in a zero-sum game - which all eventually collapsed. Memecoins are now the meta. They offer no promises or grand visions - they are transparent as they are just tickers with a image and liquidity.