The existence of crypto coins such as TrumpCoin, PepeCoin, dogeCoin, ZikaCoin, and PokeCoin proves that a meme market is inevitable. Imagine an entire exchange where the securities are all the hottest trends like Harambe, PokemonGo, Brexit, ISIS, BlackLivesMatter, VR, and the like. You're watching the news, and you see some new trend shaking up the social ecosystem and you think "Hmm, how can I profit off of this?". Meme Market makes profiting off of hot happenings as easy as buying and selling stock on Robinhood.
>What is Meme Market? Buy and sell memes for real money. >For what purpose? I see a lot of people in Robinhood general threads throwing down $400+ to invest in "meme" stocks like CERU. These people just want to have fun and feel the thrill. Think, how fun would it be to trade memes or news stories as you watch them unfold? I also see a lot of people starting threads like "how can we profit off of this popular trend?" and the answers are usually "sell t-shirts than have the trend written on them". Meme Market will allow you to _directly_ profit from those trends. >When will it be released? Meme Market Pre-Beta will be released on Sept 30th. It will not use real currency and will be more of a proof of concept. We'll use this Pre-Beta to test different ideas.
>Will you charge commission to make a trade? Read my lips: No commissions. Ever. >How will you generate revenue? Every time a new meme IPO's, we will sell 100% of the shares to the market. These funds will be used pay our team of programmers, make insurance payments, and cover expenses. We will also build interest on deposited funds. We are NOT, nor will we ever ask for donations or run a kickstarter. >Is this a ponzi scheme? Not any more than bitcoin is a ponzi scheme. If Coinbase can get SEC approval, so can we. We want this website to be legit, so we want to take the time to get regulated. Every investor should know that the entire meme market is a zero sum game, just like derivative contracts or stocks without dividends. Every time you buy or sell a meme, you are basically placing a bet on a certain outcome and someone else is making the opposite bet. There is no promise of 9000% profits in 1 week or anything like that, you have to out-fox a lot of people in order to make money on this exchange. If you guys have any questions, feel free to ask.
Luke Carter
>Every time a new meme IPO's, we will sell 100% of the shares to the market
how are you going to monitor the web for the creations of new memes? at what point does something become a Meme, and what is it before it reaches Meme-status? for example, Harambe was a news story for a few days, then there was a few memes containing Harambe, but now Harambe has morphed into its own meme. What would be the tipping point? or is that part of it, some will get listed and then fail to go mainstream?
i think this is a great idea, nice one on making it happen
Jacob Clark
don't waste you're time on this, if you know how to program , come up with something that people will actually use, that makes their life better. this is 100% worthless ofc. there is no underlying value in trading memes.
Colton Johnson
Thanks user. My thought is that to create a new meme, there is a bidding session, where if enough people bid enough money it gets put on the exchange. If not, it just stays in the bidding session. This would also determine the IPO price, and how the new shares are distributed.
It would be possible to write this entire website in ethereum smart contracts and have it legal and up and running soon, but there are advantages and disadvantages to that route. Would you guys rather have the site completely internalized or does it matter to you?
Matthew Garcia
The idea is that the knowledge of what is popular is worth money. If you know what is going to be popular in the future, you can plan a startup around that and make a great amount of money. Meme Market will be a resource that tell people what is popular. From the site:
>The main goal of creating this website is to ultimately create a resource that tracks trends, memes, news, technology, & ideas and quantifies it all by giving a dollar value, using real money. Meme Market is basically a popularity tracker, and it uses the collective brainpower of human investors and the laws of supply & demand to get a popularity index more accurate than any supercomputer.
>Take this scenario: you run a small YouTube channel and you want to find a subject for your next video. You want to make a lot of money on ads, so you want to find a hot trend. So you go to Meme Market, where you can compare prices and histories of trends, and from there you can maximize your YouTube profit. This is just one example. Imagine the possibilities. Entrepreneurs can use Meme Market to capitalize on hot opportunities.
Matthew Miller
there is no book value per meme. and its not even your own intellectual property to buy and sell.
Kevin Hill
>Would you guys rather have the site completely internalized or does it matter to you? I would prefer ETH because ETH is fucking cool and I want to see it succeed.
If this goes ahead I forsee a lot of meme forcing spam. How do you intend to deal with this?
Christopher Reyes
PepeCoin has no book value. Nobody really owns the rights to Pepe. I am going to try to get a patent on this idea, but honestly I think there will be a lot of these meme exchanges springing up all over the place.
Brayden Stewart
>PepeCoin has no book value
damn right it doesn't. and no one in there right mind would trade their time for it. or put their hard earned money into it . have fun tho.
Also if you don't know what i mean by intellectual property, look up kanye coin. this is , on a list of bad ideas for internet technology , probably the worst.
Facebook, instagram, snapchat and youtube already have the online trends market cornered, and they don't do it by trying to monetize and gamble with intellectual property. I wouldn't plan on doing this with real money if I was you. your basically putting your naked ass out into a gay bar and writing fuck me on it.
One user to another. Don't waste a significant portion of your time and skill on this. Take this dog out behind the shed and shoot it.
