Crypto memes of the week: Forking, Senate fighting and Ethereum vs Bitcoin tribalism
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This week in the world weird web of crypto memes, an Ethereum hard fork, US Senate tax arguments and ETH and BTC tribalism have been dominating the narrative.
Possibly the biggest talking point of the week, at least for ETH fans, has been the London hard fork upgrade. “Improvement protocol” EIP-1559, in particular, was hugely anticipated for its primary purpose of burning part of every gas fee associated with transactions on the Ethereum network.
Some see it as a step towards ETH becoming a deflationary asset, like Bitcoin. But some have also been left a bit disappointed by that narrative so far. Although, it’s early days yet and there was something punking the network there for a while, too.
Anyway… memes, right?
Crypto has plenty of true-believer innovators focused on interoperability and growing the space as one. But it also has a hell of a lot of tribalism, too. Here’s a quick, memey look into the more one-eyed side of things.
Taxation isn’t the most obvious of topic choices for a lighthearted Friday roundup. But the crypto-tax amendment battle happening between US senators right now is compelling stuff for anyone who cares about the future of the crypto industry in the world’s biggest economy.
That said, finding good memes for it hasn’t been an easy task. Let’s start with a meme that’s not even a meme and certainly isn’t funny.
We give you… the 2,702-page bipartisan infrastructure bill that threatens to crush crypto in the United States.
There it is. The bipartisan infrastructure bill pic.twitter.com/0vypuMIQFw
— Leigh Ann Caldwell (@LACaldwellDC) August 1, 2021
And here’s a actual meme riffing on this fun topic…
— Bitcoin Meme Hub 🔞 (@BitcoinMemeHub) August 2, 2021
— CitadelHyperion ∞/21M SATS Maxi (@CitadelHyperion) August 5, 2021
LEAKED::: The real shadowy super coders who control the financial system !!!
— Bitcoin Meme Hub 🔞 (@BitcoinMemeHub) July 28, 2021
Bringing new people in to #Bitcoin like:
— TheBitcoinManual (@TheBTCManual) August 6, 2021
My crypto portfolio after buying the dips pic.twitter.com/C4gdrI02WA
— Musky Memes (@musky_meme) July 31, 2021