When I say Supreme, You say Slay! Supreme? Slay! Supreme? Slay!
We have all heard the story of Supreme stealing a woman’s art, another person’s designs and a thousand people’s money by the unusable and stupidest items it makes just for the jokes. Supreme is easily the most genius and stupidest brand of the Millenial times.
No, okay, I might have hurt a few feelings there, but, I am right. It sells its product on the hype principle, it has something called a Veblen Good. The more the product is hyped, the more its price, regardless of its supply. The product will sell a lot if the hype is a lot. As it sells more, more hype is produced, much like a bubble, it keeps expanding and then it inflates to a huge size without compromising on its price, but the product may quickly deflate if the hype or demand suddenly dies. The failure to maintain hype, for example, if the demand falls off a bum bag supreme makes to zero suddenly because bum bags give people cancer, literally or because something terrible happens with the idea of streetwear, then, well the idea would collapse, until then, all is great!
Hype has a shelf life, But Bitcoin’s is still better.
Bitcoin is loved. It has a cult. People love it religiously. It causes debate and it causes drama. People in some societies even think of it as the evil genius that brings everything down and in some, that it is an Illuminati conspiracy for world domination and the eternal enslavement of all humanity, others think that aliens must have something to do with it.
When it first came out it changed everything. People who read the white paper understood that things were about to change and ever since in the nine-ish years till now, the debate has only spread to major economists, professors, ivy league colleges, ox-bridge and where not to. Computer scientist, government professionals, gamers, artists and anyone from anywhere who find out about it, go gaga over it. Bitcoin actually does something so its hype is worth the trail it leaves at the global map.
The crazy ideas and conspirational matter make it even more desirable. Bitcoin’s price is not stable, that gives people rushes. STRONG ONES. The mind does not know the difference between a good rush and a bad rush, it feels a great pump and that is what riding the hype does to us. Supreme, traps us whilst ideas such as the advent of bitcoin and all the prospects it brought to humankind give us liberation.