![]() Rare Pepe cards are a creative, funny, and unique to make a political point while also serving as a fun item to trade. The pointed messages contained within Rare Pepe cards are popular among early Bitcoinists. These reference many historical events relevant to the cryptocurrency community. Pepe’s have a cultural component as well, with each Rare Pepe card having a meme in its picture. In effect, although silly, Leary said that Pepes “ the limits of blockchain and cryptocurrency as we know it.” Rare Pepe as Part of Meme Culture Leary said that RAREPEPE as an asset makes more sense, and has more utility and creativity than any other altcoin and “blockchain database” project in existence. While having fun, we are showing the world one of the only valid uses of a blockchain.” “The serious stuff is the work being done by the artists, game and wallet developers. “Our first priority is to have fun,” he continued. “Fungibility of in-game assets is a valid use case of the Bitcoin blockchain in which the Counterparty protocol provides,” said Rare Pepe enthusiast and artist Shawn Leary. In what can be seen as a satirical jab at this growing ICO culture, Rare Pepes create a metaphorical representation of the pump and dump absurdity and legitimizes it through the use of the Bitcoin blockchain’s immutability. This phenomenon is known among crypto traders as a “pump and pump.” Often times, the technology to support these coins does not even exist yet, or the coins alternatively fully pre-mined, meaning that the creators can hand them to whomever they want. If the prices of these altcoins continuously rise, then the creators profit greatly while acting on inside information and essentially creating a money-like substance out of thin air. ![]()
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