1/ People that don't understand the pudgy pengus don't understand the power of mimetic desire & in-group signaling
If there are people that you respect and want to be 'accepted' in their group, you'll likely mimic their behaviors & actions
If there are people that you respect and want to be 'accepted' in their group, you'll likely mimic their behaviors & actions
2/ Mimetic desire is baked into our brains, as an evolutionary mechanism to belong to a group in order to maximize survival
In our modern society, this is reflected in literally 90% of our actions & behaviors: our hobbies, our clothing, our slang
All to belong
In our modern society, this is reflected in literally 90% of our actions & behaviors: our hobbies, our clothing, our slang
All to belong
3/ For all pfps, there's a sense of signaling. It's the combination of two reasons why ppl are saying that pfp projects are pumping: flexing & community.
Flexing = ur signaling outwardly of being a part of an exclusive group
Community = u reap the benefits of being in the group
Flexing = ur signaling outwardly of being a part of an exclusive group
Community = u reap the benefits of being in the group
4/ Punks = you signal you're either a crypto og or you have a lot of money (like @sc)
Apes = you reap the benefits of a great bottom-up community: meetups, merch drops, derivative art + now it's become a flex as well (see below)
Apes = you reap the benefits of a great bottom-up community: meetups, merch drops, derivative art + now it's become a flex as well (see below)
https://twitter.com/VonMiller/status/1425198906707677187?s=20
5/ For the pudgy pengus, you're signaling to a different group: the defi degens & the crypto builders
Ppl who have - for the most part - been largely skeptical of the pfp craze are now aping in
Because it's the community that they already built
Ppl who have - for the most part - been largely skeptical of the pfp craze are now aping in
Because it's the community that they already built
https://twitter.com/xincdoteth/status/1424979410260799507?s=20
6/ If there are people that you admire - whether it be protocol devs that build cool shit or altcoin traders that are worth 7-8 figures, you want to MIMIC what they do
And before pfps, that used to be copy trading or tinkering on side projects, but now it's aping into a pengu
And before pfps, that used to be copy trading or tinkering on side projects, but now it's aping into a pengu
7/ Having a pengu says loud and clear "hey, i'm a degen too! im a builder! im not just another nft ape, i've been aping since defi summer or even the ico 2017 bubble!"
And that garners a level of respect from the ppl that you admire
And that garners a level of respect from the ppl that you admire
https://twitter.com/0xJim/status/1424226021943959553?s=20
8/ So no there's no shadowy cabal of crypto influencers trying to pump and dump on the retail investor
it's just a group of frens who talk on CT every day, got a big following together, and aped into a project that they wanted to be theirs
it's just a group of frens who talk on CT every day, got a big following together, and aped into a project that they wanted to be theirs
https://twitter.com/bitcoinpanda69/status/1424892743155859459?s=20
9/ Also you dont need more reason to ape into pengus other than they are CUTE
If you have any other motive than that, then you're ngmi
/thread
If you have any other motive than that, then you're ngmi
/thread
https://twitter.com/jebus911/status/1421936136063160324?s=20
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