What will happen when everything turns into Memecoin?

Compiled: Vernacular Blockchain

Public Resource Tragedy

In economics, the tragedy of the commons refers to the over-exploitation of shared resources—such as farmland, fisheries, or clean air—leading to their eventual collapse. Today, we are experiencing a modern version of the tragedy of the commons, which is not limited to tangible resources, but also includes the fundamental infrastructure of our society:

Public social resources: trust, relationships, community.

Cognitive public resources: curiosity, education, critical thinking.

Economic public resources: stable market, common prosperity, institutional trust.

Public information resources: language, reality, basic consensus.

Unlike traditional public resources that collapse due to physical depletion, these intangible resources gradually disintegrate due to systemic incentive mechanisms that reward isolation, compliance, instability, and division.

This may be somewhat bold, but I believe we are moving towards a societal operating system of "involuntary celibacy ( incelism )"—not just an online subculture, but the default mode of society. "Involuntary celibacy" refers to a group of people who see themselves as unable to find romantic partners and often exhibit feelings of "resentment, hatred, self-pity, racism, misogyny, and nihilism." This mindset is eroding public resources: isolation, outsourced cognition, flattened identities, and performative hatred are becoming profitable norms. Governance and culture are dominated by memes, hatred, and algorithm-driven anger.

social public resources

A stable society begins with stable relationships—friends, neighbors, colleagues, and family. These connections form the foundation upon which abstract concepts like democracy or economic growth can operate.

But the current situation is not optimistic. Many people have already discussed this, such as Derek Thompson, who brilliantly described how we have become estranged from one another in his cover article "The Anti-Social Century" in The Atlantic. The meaningful connections between gender, class, and politics seem to be collapsing. The social infrastructure has warped and deformed after the pandemic, and we have lost shared norms and collective rituals. What has replaced them? Transactional connections, a platformized sense of loneliness, and a false sense of belonging provided by algorithmic tribes — these are merely reflections of your preferences. Social interactions are increasingly being monetized, optimized, ranked, and gamified, from friendship to romance. Of course, the internet and dating apps have their bright sides, but the negative trends seem to be prevailing.

A society built on transactional interactions and shallow connections is essentially fragile. People who cannot trust each other in daily life will not suddenly trust one another when voting. Those who cannot maintain friendships or partner relationships may also find it difficult to engage in democratic institutions or civic participation. Without a solid foundation of relationships, society cannot sustain a stable democracy.

Without real community ties, citizen engagement declines. As Guy Debord ( warned, politics has become performance rather than substance.

) Cognitive Public Resources

We no longer teach people to think—we teach them to obey.

Curiosity is now seen as adventurous or inefficient.

This is a pattern: no one is willing to take risks. Whether it is elected officials or 19-year-olds choosing their college majors. Because in this economy, everything has turned into obedience. As the Italian philosopher Umberto Eco warned in "The Ur-Fascism," social systems do not collapse overnight, but are eroded through small compromises, by gradually normalizing obedience as a civic virtue.

Take Cluely as an example. This product allows you to wear glasses and "cheat" while dating, partly as a marketing gimmick ( and partly reflecting the current ethos of recognizing public resources. The rise of AI companies has made us rethink the meaning of "being human," and their answer is "efficiency and optimization." Maybe that is the answer.

Cluely's manifesto declares: "We built it so you no longer have to think alone." AI is no longer a tool for assisting thought, but is attempting to replace thought. Critical thinking, ambiguity, creativity—these are the qualities that define the beauty of humanity—are replaced by optimized instant answers.

It's everywhere. In politics, nuances become dangerous, and Congress does not dare to stand up to President Trump. Even in leisure time, hobbies are measured in terms of "side hustle potential." )Anne Helen Petersen( Peterson wrote in a brilliant article: "The logic we internalize is vicious and persistent: if you spend your time doing something that has the potential to make money, it's financially irresponsible not to make it." "The obsessive pursuit and monetization of hobbies is not just an escapism, but a response to educational burnout, economic instability, and a performative life. It's a way for people to assert identity and agency within structural constraints. Optimize, Efficiency, Monetize, and the Cycle!

Without curiosity and critical thinking, we are easily manipulated, susceptible to polarized narratives, and ultimately lose the ability to make independent judgments—this is crucial for democratic citizens.

) Economic Public Resources

Policy is an emotional projection - when those who despise the system become the system itself.

Economies rely on trust—not just money or policies, but on reliable rules and institutions surrounding money and policies. Today, that credibility is evaporating. Why? Because economic policy has become a stage for personal grievances, emotional reactions, and political performances. I have written multiple times about the issue of "trust." Take tariffs as an example; tariffs could have served as a strategic tool, but recently they have been anything but that. Tax rates are adjusted arbitrarily, supply chains are disrupted, and businesses are at a loss.

According to Bloomberg, Treasury Secretary Scott Bessent ( privately acknowledged this instability at a closed-door investors' meeting arranged by JPMorgan, admitting that the current 145% tariff situation on China is unsustainable. He hinted that there would soon be a cooling off ) although negotiations have yet to begin ###, and pointed out that according to Eamon Javers (, container bookings between the U.S. and China have fallen by 64%. He made it clear that "the goal is not decoupling," but rather to push China towards a consumption-based society and the U.S. towards a manufacturing-based society.

This is absurd, as it seems to suggest that we are entering the "Chinese Century." America is giving up its most comfortable seat. When you see Chinese manufacturing — for example, Xiaomi's factory "producing one phone every second, with no production staff ), only maintenance personnel (, perspective, operating 24 hours, with all lights off" — you can't help but wonder, what does this mean?

What is more disturbing is why this key information is shared privately during closed-door investor events at JPMorgan, rather than being made publicly transparent? Part of the reason is that no one dares to directly question Trump—Bessent seems to have leaked a lot of information because publicly questioning carries too much political risk. Another part may be some sort of implication of "handshake-slap-you're my people-go trade this information."

Meanwhile, in public, both sides are swinging between aggressive postures and vague commitments. Trump openly stated that he would not take a "hard line" against China, implying a cooling down, at least for now. He also abandoned the idea of firing Powell. The market naturally rose on this news, but it is just news. The economy will still struggle due to these fluctuations.

The market is currently running entirely on "atmosphere". Who can blame them? Just look at these headlines, it's like someone is talking to themselves.

China has expressed a willingness to negotiate, but on the condition of mutual respect and a reduction in threats. They certainly should make such demands! In contrast, the U.S. seems like a child in a toy store when negotiating with Japan: "We don’t know what we want, but we definitely want something." The result is headline-driven market volatility and a diplomatic stalemate.

Martin Wolf ) stated bluntly on the program "Odd Lots": the United States enjoys immense economic power due to the dollar's reserve currency status, allowing it to easily maintain large deficits. However, the U.S. seems intent on squandering this advantage through chaotic, emotionally driven policy decisions. Wolf remarked, "You are very rich, very secure — unless you mess it up too badly. And now, why would you need to mess it up so badly? This is our current situation."

We all know (, and even those who initially supported tariffs understand ). This governance method is extremely irrational; the policies are not based on economic logic but shaped by resentment and projection. There is no plan at all—Bessent and Lutnik had to persuade Trump to lift the tariffs against the tariff supporters like Navarro. Look at this!

At the same time, ordinary Americans are bracing for the impact. CEOs of Walmart, Target, and Home Depot privately warned Trump that tariffs could lead to supply chain disruptions and empty shelves. Who benefits from the trade war? According to the NBER, it’s companies linked to the government! No wonder Tim Cook called personally!

A nationwide hiring freeze is spreading, causing economic pain at the grassroots level – paying a real price for abstract resentment. Goldman Sachs estimates that sweeping layoffs in federal employee ### including contract and subsidized employee ( could be as high as 1.2 million and $90 billion in tourism losses, or about 0.3% of GDP. The true price. For what?

We have destroyed public economic resources not because it is meaningful, but because our political leaders confuse economic policies with personal grudges. The chaotic market is thriving, and trust is evaporating.

) Public Information Resources

We no longer have a shared reality—only overlapping simulations.

A simple way to determine whether a space has public resources for health information is: can you describe reality without immediately sparking controversy? Can we reach a consensus on common language, basic facts, or even meanings? The answer is increasingly: no. I also wrote about this in 2022.

Public resources of information—language, reality, and basic consensus—are collapsing because we have monetized division. Social media platforms are not built for clarity or understanding, but are optimized for engagement, anger, and polarization. Algorithms do not reward nuance; they reward certainty, controversy, and emotional triggers.

What is replacing consensus reality? Loyal reality, tribal reality, personalized reality! We no longer debate ideas or solutions, but argue over whose facts matter, whose feelings matter, and whose truth prevails. The truth itself has become a loyalty test rather than a common ground. Without shared information as a public resource, cooperation becomes impossible. We do not solve problems, but argue over who gets to define the problem! Language has been weaponized, and reality has been fragmented.

( Conclusion

So, what to do? Bitcoin is rising again. Since Liberation Day, it has decoupled from the Nasdaq, rising 10%, while the S&P 500 is down 6%. Its rise is not optimism, but a direct vote on the collapse of trust ) and it has diversified from ( United States. The rise in assets such as gold, silver, defense stocks, and cryptocurrencies reflected the ups and downs of the social, cognitive, economic, and information sectors.

These public resources are being eroded, monetized, and exploited bit by bit. Social trust has turned into transactional loneliness. Curiosity has been replaced by compliance and cognitive outsourcing. Stable economic governance has been replaced by chaotic performances. Shared reality has splintered into competing tribes and personalized truths.

In other words, we have institutionalized "involuntary celibacy"—no longer just romantic isolation, but a built-in, profitable disconnection within the social structure. The market impact is evident: as trust erodes, volatility increases, and traditional safe-haven assets regain dominance. Investors either obtain insider information from the government or diversify their investments into precious metals, infrastructure, dividend-paying companies, and global portfolios to hedge against the capriciousness of domestic policies.

Social infrastructure does not disappear forever. Unlike depleted fisheries or farmland, these intangible resources can be regenerated by choosing connection over transaction, critical thinking over compliance, substance over performance, and shared reality over isolated tribes.