Sitting us at the Dawn of Policyfi?
In a previous article on the reasons why even counts, I argued that the same inaugurate a new era of civic engagement by forming speculative markets in which citizens are able to exchange parts related to government policies. I suggested that distributions of holders and stock market capitals in these markets would indicate popular support for the underlying policies in the legislators, who would then take them into account during the development of public policies, promoting a new form of political dialogue between the citizen and the state.
I called this dynamic policy and presented it as a constructive use of the same.
With the Trump administration who comes into office and the president -elect and the first lady throwing mecoins, this is the right time to ask ourselves if we enter the Policyfi era and, in the affirmative, if we must the to welcome.
I believe that the answer to each of these questions is yes. The convergence of an administration of memes, a citizenship of memes and a advocacy of memes have created fertile conditions for politicians and, perhaps contraindicating, for better development of policies.
Admin even, citizenry even, advocacy of memes
Policyfi requires the installation of government actors sensitive to memes, or an “mismator”. In the original room, I suggested that the incoming administration adapts to the bill because it included and respected the power of the same. When I wrote this, I mainly thought of Elon Musk and his affinity for Dogecoin, but also of Trump’s own adaptation to create and exploit memes on the countryside and during his duties.
Admittedly, the publication by the elected president of his own Solana Memecoin (Trump), soon followed by his wife (Melania), a few days before taking oath of the office, even us. (I suspect that the moment was motivated by the concerns concerning the Emoluments clause.)
Trump’s same, the same soaked, draining the liquidity of each cryptography ecosystem and almost breaking the Solana blockchain. If you are a cryptocurrency, you will always remember where you were when the president elected and soon the first lady will announce the launch of their same.
Trump parts have greatly divided the cryptographic industry. But, more importantly, for current purposes, they put out of doubt that the Americans had elected an “misman administrator” who was ready to engage with financialized memes, and was therefore more likely to engage with them during his duties.
Trump pieces have contributed to another essential ingredient for Policyfi: the integrated mass of citizens at the same time and, in particular, political parts. The statistics around the same Trump and Melania, which have been explicitly marketed as a form of political expression, are astounding and revealing. Most holders were new retail buyers. About 50% had never bought from Solana Altcoin (i.e. almost half of the buyers created their portfolios the day they bought the tokens, and more than 80% of Trump holders and Melania hold Less than $ 1,000 in Solana, also suggesting detail popularity.
Many of these recruits of memes seem perplexed on what to do then with their crypto. (I expect them to understand it.)
In addition to this same, the administrator and the memes citizens are the proliferation of the same (and more innovative) policies. Many memecoins politicians I mentioned in the original article, such as Doge (Department of Government Efficiency) and SBR (Bitcoin Reserve Strategy), attracted a substantial commercial volume while the new administrator has taken office and Investors began to speculate on its initial policy stages.
Read more: Ivo Entchev – Why even counts
However, these political tokens are still relatively primitive from the point of view of politics of politics because they put more emphasis on attention flows or prediction (as a prediction market) than on engagement with actors of the actors government.
Another token, milk, better corresponds to the political thesis. The express goal of the Jeme de Milit is to change American food policy to allow the sale of unpasteurized milk. The milk community advances this position of tangible policy through its participations of token (2,000 people hold milk), the market capitalization of the token (up to $ 1 million) and the production of memes of milk on networks social (constant) by the community. At a time in police, we expect to see an explosion of Cambrian tokens in the milk mold.
A dialogue with Leviathan
The expression of the political will through the political markets of the memes is necessary but not sufficient for Policyfi. Governments must also start to converse with these markets during the development of policies. We can also see the first indicators of this.
President Trump has long considered public procurement and in particular the stock market as a barometer of his performance and tried to satisfy them. More recently, he adopted a position similar to the price of Bitcoin (which is itself a brand of financial policy) and undoubtedly monitored the price of its own same, which represents the majority of its net value on paper. Other members of Elon Musk’s political establishment at Senator Cynthia Lummis (R-Wy.) Have engaged memes which relate to government policy.
Decision -makers must still engage with closely normative mecoins, such as milk. If that were to change, I would expect it to happen in disruptive fields that have generated more general memes, such as the effectiveness of the government (for example DOGE), industrial policy (for example E / ACC ) and health policy (for example Maha).
Is policy good for governance?
Assuming that we are progressing towards Policyfi, is this a good thing? There are a few strong reasons to believe that this is the case.
First, the introduction of speculative markets in the government’s decision -making improves the quality of the most important contribution in decision -making: information. Speculative markets can process a large volume of information by motivating people to acquire it, share it via trades and crystallize it in consensus prices that persuade a wider audience. A form of government known as “Futarchy” exploits the speculative policy markets specifically towards improving information flows within the government and the development of global policies.
Second, Policyfi creates positive externalities, in the form of civic engagement and education, although it is motivated by greed. Indeed, anyone hoping to earn money in Policyfi will have to become an expert on the functioning of the government, how politics is awake and what emerging policies are undervalued and why. It is difficult to imagine a stronger incentive for ordinary Americans (who are already prodigious sports players) to make a constructive commitment with politics. Degen’s policy is, paradoxically, a model citizen.
Third and finally, Policyfi hires an expanding class of citizens who are native of the Internet and used to expressing themselves through speculative markets. It was the citizen led the frenzy of Gamestop, which concerned the inequalities of the income and stuck it to Wall Street, just as it currently entails the price of the same like SPX and Fartcoin, which Lampoon traditional finance. In short, public financial markets have become the means of ridicule, satire and political expression for a new generation which prefer to buy a same or send a stock to the moon as to write their member of the Congress.
A common objection to political markets is that they are likely to manipulate by our enemies. It is a concern but perhaps not as great as supposed. The same argument was applied to Polymarket, the prediction market without authorization which constantly favored a decisive victory of Trump during the elections. Despite the strong incentive for foreign interference, the polymarket was not only the best barometer of the feeling of voting leading to the elections, but also the best predictor of the results of the elections, affirming the power of information processing of speculative markets.
My goal here is not to plead for Policyfi or to be an apologist for the same in general. However, I believe that same represents a powerful viral capital training technology that counts and will have an impact on a range of areas, including politics. I will look carefully, and you too.
