Rare Pepe

Over the last few weeks, I’ve been playing around with a digital asset collecting game called Rare Pepe. My partner Andy tipped me off to it a while back and it took me a while to wade into it.

Rare Pepe is based on an internet meme called Pepe The Frog that has been around since 2005 and became popular on 4chan.

Rarepepes are digital trading cards that are traded as counterparty (XCP) assets on the Bitcoin blockchain.

Andy and I were talking about this yesterday on Twitter and my friend Jason asked what we were “nerding out” over.

I responded that rarepepes are “about the coolest thing ever” which may be a bit of an overstatement but isn’t that what Twitter is for?

The truth is rarepepes are a bit complicated to buy and collect. First you need a Rare Pepe wallet which you can get here.  Then you need to transfer in some Bitcoin from somewhere like Coinbase. Then you need to buy some Pepe Cash (yet another crypto asset) which you can buy here, but only after transferring in some more Bitcoin. Then you transfer the Pepe Cash to your Rare Pepe wallet and then you can buy the digital trading cards. But you need to spend BTC to send these cards around because that is what powers the Counterparty system. You can also publish your Rare Pepe wallet address on Twitter and maybe someone will send you some. I did that yesterday and it worked.

Here are some of my cards:

So why do I think this is interesting?

Well for one, it shows the utility of a blockchain in action. You can buy, sell, hold, and transfer digital assets and they have value and are traded for other digital assets (like BTC) in an online global marketplace. Anyone can make one of these cards and if they are determined to be “rare” they become digital assets with value attached to them.

It also shows how a game can be built on a blockchain with virtual goods and characters and more.

And it shows how clunky this stuff is for the average person to use. Just playing around with this over the last few days showcases to me all of the technical challenges that blockchain technology still has to overcome before it can become mainstream. I would like to think that if this sort of game were built on Ethereum instead of Counterparty/Bitcoin, and if it ran inside something like the Token messenger that I blogged about a few weeks ago, it might be a lot simpler and easier for the average user to access. So there is real progress happening on this front right now.

Rare Pepe itself has a fair bit of baggage. It’s a meme popularized by the alt-right and attached to a lot of ideas that I personally find difficult to take.

But putting all of that aside, I find it encouraging that people are building things that are comprehensible to the average person on public blockchains. Rare Pepe may not be the killer app that public blockchains are waiting for, but something like it may well be.

And, of course, you can speculate on/invest in this, as my partner Andy showed me yesterday:


Comments (Archived):

  1. JimHirshfield

    You made reference to the dark side of the pepe meme, which was something that troubled me enough to immediately have no interest in this game. But I get where you’re coming from with regard to the underlying tech.https://www.adl.org/educati…Happy Mother’s Day#serious

    1. fredwilson

      Yes. Happy Mother’s Day to everyone

    2. kevando

      If it makes you feel less troubled, people were exchanging rare pepe cards long before the election.http://knowyourmeme.com/mem

    3. Sebastien Latapie

      The meme has been around for years in the gaming community before it was ever associated with the alt-right. So strange how that happened.

    4. degenbet

      Read more, check out vice, dailydot, Le Monde and other well known far right publications.

    5. John Villar

      Meeh, don’t believe all the news say. The game is developed by me and my team, my team is composed of latinos and one or two sexual-diverse people…. if you let people ingrain an idea in your brain so easily and so deeply, you should check what’s happening with your comprehension framework. #serious

      1. JLM

        .So, John, you’re saying???You’re saying that people are blowing smoke up our collective asses???It’s not the alt-right tech death squad???It’s “regular” people???Why would anyone make that mistake? What does that say about those who are clutching for such straws?Haha. Delicious. Good luck.JLMwww.themusingsofthebigredca…

  2. kidmercury

    Exchange rate, can only do useless stuff like this until that is solved.

  3. LIAD

    Read the medium post couple of times over past few days. More I read. Less I understood.Whole ecosystem remains clunky as hell.To buy non BTC/ETH/LTC with fiat from scratch using bank transfer remains a 5-7 day frustration-laden process which includes the need for multiple accounts on different services, each requiring 2FA, each requiring KYC verification, each having counter-party risk, each taking a vig.We are still so far away from convenient on-ramps, meaningful adoption remains far out on the horizon.Nonetheless. Looooong Crypto.

    1. falicon


    2. fredwilson

      and the confirmation times for all of these counterparty transactions on the bitcoin blockchain are so slowwwwwwww

      1. ffmad

        That’s the main problem. Let’s hope solutions like LN come fast to improve that.On the other side, collecting doesn’t need “fast transactions”, the aim is to keep those a long time

        1. markslater

          I wonder whether its an exercise in futility trying to bring main-stream in to crypto – and whether all efforts should not be focused on bringing crypto to mainstream….

  4. Brendan Bernstein

    Love the concept but find it hard to believe that the first consumer killer app is going to be on the bitcoin blockchain. You pointed out a lot of the reasons but the long confirmation times and latency make it challenging for a non infrastructure app to thrive IMO. Really makes me less bullish on counterparty too — not sure how bitcoin blockchain + counterparty can compete with Ethereum over the long term given some of the aforementioned struggles.Have you guys found anything similar on the ethereum blockchain? I’m definitely going to search!

    1. fredwilson

      i agree

      1. sull

        The jury is still out on how “reliable” Ethereum will be whereas Bitcoin has been proving itself (pun intended). There are uncertainties on all fronts in the blockchain space but I hesitate to be hasty in my support of Ethereum being the ultimate goto ledger for an eventual killer app. It’s certainly possible that all the changes and moving pieces align perfectly and no additional DAO Fork-like events occur again, but also not out of the realm of possibility that times of struggle lie ahead.It’s also possible that permissioned ledgers tethered to gaming communities using different tech and methods will end up being the ideal path forward. Let’s say for example, a solution like Kadena and it’s ScalableBFT consensus algorithm deployable in an Oculus Rift based VR network of thousands of users/players resulting in a robust secure distributed ledger of virtual items owned and traded. Ethereum is not the only way forward and arguments can be made that the design of Ethereum has enough faults to make it less than ideal in the years ahead.

    2. degenbet

      What if the first consumer app is collecting rare digital items that do not need fast confirmation times. The imperfection is what makes it that much more collectable. I do not know of any current applicaion on any blockchain ha has taken off like rarepepe, btw with no ICO, VC ect.

    3. Julien

      It exists a copy of rarepepe on ethereum but it doesn’t have the strong community that the bitcoin rarepepe have.Community is the main key for such a project, and i don’t have the feeling they (we) are bothered by the conf time for transaction^^At the end, if you really want a fast conf, you just set you’re fees in order to.You should try the BookOfOrbs app also, it’s a nice one for pepe trades 😉

    4. sull

      However, long confirmation times are not detrimental to the objective of digital collectibles that are provably owned and scarce. Put it this way… If I want some tangible Magic The Gathering game cards, I have to drive to the store or order them on Amazon and wait for them to arrive in mail. How is this different than waiting 10-30 minutes for a bitcoin transaction to get confirmed so that you can see the digital token card that you now own? Sure, it’s always nice to have instant settlement but not always realistic.Also, this situation will change one way or another. Payment Channel tech is being worked on and incorporated so that side rails can be used for faster transactions when speed is for some reason necessary and preferred. Just because it is not quite ready and deployed on mainnets does not mean it will never exist.Stay tuned.

  5. William Mougayar

    What’s interesting about Rare Pepe is that it is one of the best examples where utility and coin come together in lockstep. A truly organic blockchain consumer application.

    1. Brendan Bernstein

      Really interesting that Pepe cash itself is also a rare and a potentially “collectible” asset. If the supply is fixed and pepe cash itself continues to rise over time, will collectors shift to hoarding the cash itself? I guess the question comes down to if the utility or perceived value of the cards is greater than the potential profit from holding the coin. What are your thoughts?

      1. William Mougayar

        I think we’re still learning about these dynamics. It will be a balance prob.

    2. fredwilson


      1. JamesHRH

        It renews my respect for your talents every time you admit that something is clunky and hard, but you get excited about progress…….Just can’t get there myself.

      2. markslater

        This is not consumer friendly at all. The taxonomy of the blockchain is still a long way off. The first step in onboarding alone would seriously confuse most people.

    3. p-air

      William, the Rare Pepe community cringes at most of your perspectives on cryptocurrencies and blockchains. Honestly, Rare Pepes statted as a joke on the sorts of ideas you espouse. Sorry to break it to you like this. Guessing none of them volunteered to participate in your Token Summit 😉

  6. ffmad

    The interest in rarepepe will come mostly when it will be used for games :- a card game, Rarepepe Party is being build atm, with rarepepe as the main asset http://rarepepe.party/. The developer is https://twitter.com/rarepep…- a rpg game (much more ambitious), using SpellofGenesis and Rarepepe cards by https://twitter.com/MandelDuck, you will be able to use cards to summon Monsters https://www.youtube.com/wat…At the moment, there is also collectible japanese cards named “Memorychain” that can be traded on Book Of Orbs for pepecash http://bookoforbs.com/index

  7. Nico Broersen

    Awesome. Did you know some cards, like LORDKEK, already are worth thousands of dollars?

  8. JLM

    .This story amplifies the pitfalls of crypto. Gaming is about instant gratification. Crypto, apparently, not so.This vignette shows crypto to be pendulous, overly complex, and time consuming. Not fast. Not easy. Not gratifying.Yesterday, I bought an entire suite of appliances (Wolf, Sub Zero) for a kitchen I am renovating. They cost ten times the first car I ever bought, but that car did not have ten burners or a steam convection microwave, did it?I used a USAA Visa card because I like getting the points.It took less than three minutes.Later, USAA sent me a fraud alert and I texted back “yes.” Meaning, it was legit.USAA also, somehow, extended the already long warranty on the appliances. That’s the kind of surprise I like.They emailed me my receipt together with all the warranties and the manuals. Also, the cutouts for installation.Blockchain was not involved. The transaction was very satisfying. It made me smile and feel good. A USAA Visa card made me happy, but I have a dangerously low hurdle to happiness.This story shows crypto in its naked form.Is this the killer app?I keep wanting Wm Mougayar to call me and say, “OK, dumbass, I found the killer app.” When he does, I am going to buy him a very nice bottle of wine. Arnold will pick it out.Wm M has my number and we Skype from time to time. I want crypto to be a thing and I want my pal Wm to be its Rasputin. I also want North Korea to become a civilized nation.Happy Mothers Day y’all!JLMwww.themusingsofthebigredca…

    1. degenbet

      Guess what, collecting the rarepepe cards is just one part. A game would only need to vailidate that you hold the cards in your wallet and would not need a transfer of them in order to play using those assets.

      1. JLM

        .Great stuff. Does the steam convection microwave oven rotate the dish when it cooks? Mine does.There is real world and there is imaginary stuff.JLMwww.themusingsofthebigredca…

        1. degenbet

          This is the real world.

          1. JLM

            .In the real world, I get a steam convection microwave with a rotating platform which I pay for with a USAA Visa (get points sufficient to go to Europe on the points) and they email me the receipt together with the warranties, manuals, cut sheets.They check to make sure it isn’t fraudulent.It takes 4 minutes and I get back to my writing.That’s MY real world. Quick, slick, easy, sure, fun.Fred describes an alternative universe above which he says is tedious, complex, and slow. I like mine better.JLMwww.themusingsofthebigredca…

          2. degenbet

            Nobody is negating your argument that “blockchain” doesnt provide a better experince for your microwave and CC payment gateway. You have a red car, this car is slower has lower saftey, pollution standards and you have to search for spar parts. However it is something that people want to drive or collect. I am pointing out for a collectable item things can indeed be “complex” and that is part of the collectable itself. Maybe this is indeed a suitable application for blockchains and not to blockchain your microwave.

          3. JLM

            .Dangerous ground, amigo. I have a Big Red Car (1966 Chevrolet Impala Super Sport convertible), not a “red car.”Big Red Car has a top end which exceeds 120 mph. I drove it that fast and I was afraid it might rotate and fly. It is a car to cruise the Hill Country on a night like tonight. Sultry and warm.I have no problems with parts as they are cheap and plentiful. It’s a standard V8. I had it converted from points and plugs to an electronic ignition which allowed the starter to be downsized.Tommy over at ME Gene Johnson Garage on Airport Blvd and the BRC have a close intimate relationship. It never needs work.It is an easy ride.I get your point that something “collectible” might warrant a bit of complexity, but even things like that are traded by legacy systems with speed, ease, and certainty.No sale, amigo.I would attach a pic of the Big Red Car, but Disqus isn’t letting me mount pics on this site. Alas.JLMwww.themusingsofthebigredca…

          4. degenbet

            Things that are collectable warrant plenty of complexity. To the average collector it does not seem that way. Can I go to the auto parts store and get my parts? Maybe, not always, depends….. Already that is much more complex than people are use to. You have the red car for subjective reasons and not because it is more efficient, safer or costs less. With a digital item there needs to be a way to show ownership wihout having to trust a third party. Rarepepe Cards is an example of this. I would say it is more useful then many “blockchain” projects that want to smart contract your microwave.

          5. JLM

            .Nah, I collect vintage wood planes.Beautiful engineered metal wood planes of more than 100 years age. Works of art. Used to buy them on eBay for $30. Price them now.Use them for paperweights.I collect antique brass naked lady bottle openers. Used to buy them for $3 on eBay.Give them as presents.I collect ancient Chinese stock certificates from the turn of the last century. The office I sit in right now is decorated with them. Used to troll for them in the basements of brokerages in Paris and Geneva.They are remarkable works of art. Used to pay $100 for an inch of them. The artwork is exquisite.Used to give them (gilt framed) as Christmas presents to business folks. Bond indentures in four languages.Collect uniform buttons from British regiments which I have made into cuff links. Give them to family members as presents. When my daughter got married gave a set to my new son-in-law — the ultimate seal of approval.Have a few lovely sets of “sappers” — English combat engineers. Read Kipling’s Sappers.”WHEN the Waters were dried an’ the Earth did appear,(“It’s all one,” says the Sapper),The Lord He created the Engineer,Her Majesty’s Royal Engineer,With the rank and pay of a Sapper!…I have stated it plain, an’ my argument’s thus (“It’s all one,” says the Sapper),There’s only one Corps which is perfect – that’s us;An’ they call us Her Majesty’s Engineers,Her Majesty’s Royal Engineers,With the rank and pay of a Sapper!”I was a combat engineer in a not so distant life.Again, real world.Can I interest you in an antique wood plane, a brass nekkid lady bottle opener, or a Chinese stock certificate (payment coupons attached)? I will take bitcoin.Nice set of cufflinks?JLMwww.themusingsofthebigredca…

          6. degenbet


          7. JLM

            .Just to stay safe, let me put you down as a “definite maybe.” AVC.com discount.JLMwww.themusingsofthebigredca…

          8. degenbet

            So please add me to the list so we can all hear another one of these stories of cufflinks and collectable red cars and the relationship beween them and blockchain.I have stated it plain, an’ my argument’s thus (“It’s all blockchain,” says the CEO),There’s only one database which is perfect – that’s blockchain;An’ they call us Her Majesty’s Ledger,Her Majesty’s Royal Ledger,With the rank and pay of an ICO pusher!”TAG

          9. JamesHRH

            That’s pretty good.But the argument remains……progress is great but at some point, open minded people like @JLM & I need to be able to see the light on a customer who has a task that gets easier or faster or cheaper…..b/c blockchain.Digital assets are not even close to that answer.

          10. degenbet

            That asumes that easier, faster and cheaper are the only things that humans want and need. Currently the main appilication of blockchain technology is censorship resitance/regulatory arbitrage. In these examples easier, faster and cheaper are both thrown to the side in order to acheive an objective. On the other side of course if you want to buy coffee now the credit card or paper cash wins everytime.In the case of virtue signals via reading of historical events, well they are without price.TAG

          11. JamesHRH

            Explain regulatory arbitrage to me, like I am in Grade 4.Censorship angle is a non-starter.

          12. degenbet

            Google has offices in Ireland. Not because they like green, but to avoid taxes and or take advantage of any other regulation or lack thereof, this is regulatory arbitrage.Regulatory arbitrage is a nice way of saying doing things illegal or in a grey zone. You can not use banks to transfer money in this case and bitcoin can be quite useful vs. using paper cash. This can range from betting on sports to buying anything on the so called darkweb. No longer do you need to be a large company to take advantage of regulatory arbitrage. This only works because bitcoin is trustless.TAG

          13. JamesHRH

            Cool, but not scalable in a big, big way.Of course, disrupting nation states ability to collect tax would be a game changer. But, that assumes the point that @JLM is grinding you on: while wealth can become digital, it is 99% created physically, with assets that can then become hostages when their owners get cute with ownership claims……..Just don’t see it being the next internet, as much as I would to say otherwise, for Will & Fred.

          14. degenbet

            Cool, but nobody claimed that regulatory arbitrage is scalable in a big way.The art that the artists created was physicaly created. We are using physical devices to communicate right now. This is real and physical.Im not sure what you mean by “it” because I do not think blockchain belongs in your microwave as some other people think “blockchain all things”. The concrete example of collectable trading cards and game assets is a good use case, at least it is one with the most real user traction besides using bitcoin or other crypto as currency.TAG

          15. JamesHRH

            Then its a hobby and stays that way, which makes it culturally and financially uninteresting.Not like this hobby – https://en.wikipedia.org/wi

          16. degenbet

            I know, the hobbies of people, they just are not a viable product……………………..Nope, regulatory arbitrage is just one use case, and that is currently the strongest one. It does not mean it will be the only one. Blockchains in microwaves will not be it.TAG

          17. JLM

            .Art is not the subject. It is the ownership of art.I used to collect Edouard Cortes Paris street scenes. He died in 1969 and his work went up rapidly in price thereafter.It used to be a joke that Cortes painted 2,000 Paris street scenes and 5,000 of them are in Texas. They are fairly small and an ensemble of four on a wall looks grand.The provenance of art — the digital information — is a perfect example of a blockchain app wherein it would be both contractually useful but also from a fraud prevention perspective.I have seen an original and a counterfeit Cortes (same scene) side-by-side. One was worth $20,000 and the other was worth $1,000. To the eye they were substantially similar with the counterfeit more attractive to my eyes.Today you can see digital auctions offering Cortes paintings (street scenes not figures) for $3-6,000 and $20-30,000. Read the “provenance” and one can see they are not the same product.JLMwww.themusingsofthebigredca…

          18. degenbet

            Yes I agree that this is a possible use case.I get into it a little bit in the video I posted early “coin interview Theo Goodman”TAG

          19. JLM

            .Haha, pretty damn …………………………………… clever.The pay of a Lieutenant in the combat engineers in my day was $277/mo plus $60/mo hazardous duty or demo pay plus $60/mo for jumping out of airplanes.No income taxes when overseas.JLMwww.themusingsofthebigredca…

          20. JamesHRH

            Whereas the Selfie that Walks (PM Trudeau Deux) pulled the danger pay income tax break closed on CDN service people – http://www.huffingtonpost.c… . Surreal.

          21. JLM

            .This is an example of fundamental tone deafness. Soldiers never miss this stuff.Early in the Obama administration, they tried to take the position that a National Guard serviceman (as opposed to a Regular or Reservist) who was wounded and had civilian insurance, was to look to the private insurance for wound treatment.They completely overlooked the provision that a wounded man cannot be separated from active duty unless healed or medically retired.They didn’t have the institutional knowledge.JLMwww.themusingsofthebigredca…

          1. JLM

            .Internet homework? Not to be too prickly, but we have been through the “dubious legality” phase of the blockchain, no?The Silk Road kid is in jail for life.JLMwww.themusingsofthebigredca…

          2. degenbet

            No, regulatory arbitrage is what gives crypto value.Now we are at the “add the word blockchain and token and offer a security that is not a security via ICO” phase.You can blockchain all you want in your non prickly 3 company shared database that isnt better than sharing mysql with hashes.

          3. JLM

            .I like some forms of “regulatory arbitrage” such as Amazon’s guaranty and USAA’s willingness to intervene to ensure I get what I want when I send people money.I like that shit.My “prickly 3 company shared database” gets me real stuff like top of the line appliances which I have installed in my real kitchen and use to cook real food.Plus, I get the points.How much better can my life get with the blockchain? I’ve already hit peak happiness, no?JLMwww.themusingsofthebigredca…

          4. 404 File Not Found

            not until you’re the proud owner of a HAIRPEPE have you reached peak happiness

          5. JLM

            .OK, now you’ve set the bar. I have a low threshold for happiness, but I did get a wallet and speculate in bitcoin. Maybe I can trade the Big Red Car on HairPepe?[Don’t listen to them, Big Red, only kidding. Never selling you, Big Red.]JLMwww.themusingsofthebigredca…

          6. degenbet

            The prickly 3 company shared database that you are happy with now, is what people selling “private blockchains” are repacking and trying to sell securities that are not secruities for. There is no advantage to having a blockchain microwave vs. the one you have now. Some people have not hit peak happiness when they are for any reason not allowed to buy something with existing payment methods, or if they run companies with massive ammounts of chargebacks. In those cases bitcoin could be a viable option. In the case of rarepepe blockchain trading cards. The fact that they are collectable and tradeable works fine with a blockchain. In fact it is a way to show ownership of a digital good. https://youtu.be/KHQLBsrk5ME

          7. falicon

            It’s possible that crypto currency will allow the internet of things (I.O.T.) to transact in a more trusted and seamless way going forward…so then your high end kitchen appliances can do even more work and take care of many of the ‘daily chores’ on your behalf (and behind the scenes)…and only *then* will you be able to look back and down at what you currently call peak happiness! 🙂

          8. JLM

            .I looked at a refrigerator that controls the inventory of its contents. You fill it. You enter the beginning inventory. You debit inventory as you use stuff.You get down to an inventory re-order level and it orders more stuff and sends you a message to go pick up your order or have it delivered.Way too much work.JLMwww.themusingsofthebigredca…

    2. William Mougayar

      You’ll need to be patient to see the blockchain enter mainstream, directly or indirectly. Maybe many years out. And maybe several killer apps, not just one. We need to put the train on the rails first, before it can start to move, and move fast. In truth, if a valuable digital asset (like Rare Pepe) is on the blockchain, It can be traded, transfered, sent, bought and sold in spades,- more efficiently than our current financial systems. It is a new system in the making. Comparing it to the current situation doesn’t give it justice.

      1. JLM

        .I was patient with AOL. I was patient with MySpace. I was patient with Yahoo. I am patient with blockchain.I read your book — impressed people with my autographed copy. Thank you, kind sir. “Roanoke”You sound like a Chicago Democrat alderman running for re-election promising his constituents how great the future is going to be.”More efficiently than our current financial systems” WTF? Not even close. Go wash your mouth out with soap.I bought the Wolf range with enough burners to feed the entire blog in 4 minutes, amigo. Not even close.I adore my “legacy” financial infrastructure. I love the points.I love the “idea” of blockchain. I just can’t see a real world app which is on the horizon. [I am on record as saying it would be perfect for property records in Africa where foreign investors are fearful of coming to Africa to inspect their deeds.]How patient do I need to be? Five years? Ten years? Before or after self-driving cars?Crawl, walk, run — are we off our knees yet?I am a supportive skeptic with a watch and a calendar.JLMwww.themusingsofthebigredca…

        1. 404 File Not Found

          it’s technically possible for a 3rd party to offer a subscription service paid in fiat that will cover X number of transactions per month, it just hasn’t been necessary to this point

          1. JLM

            .It is technically possible for me to play in the NBA.JLMwww.themusingsofthebigredca…

          2. 404 File Not Found

            Sure, but in the realm of possibilities, you’re on the other end of the spectrum. A business could offer the tx subscription service via 2 of 3 multisig and a server that constructs txs on demand for users to sign, it is not incredibly difficult. I’d imagine getting you a workout in front of an NBA team, then you making the roster, would border on impossible.

          3. JLM

            .Dream crusher much?JLMwww.themusingsofthebigredca…

        2. William Mougayar

          Still, I don’t think you captured my point that this is about a new system, therefore you can’t continue to compare to what we have today.

          1. JLM

            .I admit that, but I have come to love indoor flush plumbing so why am I looking for a change?JLMwww.themusingsofthebigredca…

          2. William Mougayar

            You’re right, don’t change then.

    3. falicon

      +1 on all your points.I still think *something* is going to *eventually* come out of all the Blockchain hype and work…but it has to go after things from a different angle if it is ever going to go mainstream…I don’t know what the right angle is, but I do know it needs to be different *and* meaningful…right now it’s mostly just different. 😉

    4. Peter M

      how can someone be this hopelessly uniformed about the internet, but simultaneously arrogant? poor b8 m8

      1. JLM

        .Haha, good one. Explain it, Einstein?JLMwww.themusingsofthebigonere…

        1. Peter M

          You’re marveling at your steam convection microwave oven, text message alerts, and USAA Visa card, and you want me to explain why you’re hopelessly uninformed? boomers… go microwave yourself

          1. JLM

            .Pete, you’re going to want to look into pricing a sense of humor. Check Amazon.The message is that legacy fintech is effective and there is no killer app for the blockbit.It is fair to say I was probably building 50-story complex high rises when you were playing with your Legos, but I won’t hold that against you.I don’t think your generation invented either sex or business, amigo.JLMwww.themusingsofthebigredca…

          2. Peter M

            “The message is that record players are effective and there is no use for mp3’s.” That is what you sound like right now, and you are not smart. Also stop using buzzwords like killer app. I swear once boomers die off and we fix the western world you tried to destroy, I will be happy.

          3. JLM

            .What are MP3s? Sounds complicated.The meek will inherit the Earth but not until the bold are done with it. Wait your turn obediently and stop being so sensitive and offended by everything, cupcake.Your happiness is soooooooooo important to civilization. My generation just went and got theirs. Your generation needs it spoon fed to them.Be careful, we’re likely to live forever.JLMwww.themusingsofthebigredca…

          4. Peter M

            lol go microwave yourself oldman

          5. JLM

            .You had day to think about it, Petie, and this is what you came up with?JLMwww.themusingsofthebigredca…

          6. Peter M

            Dangerous ground, amigo. I have a Big Red Car (1966 Chevrolet Impala Super Sport convertible), not a “red car.”Big Red Car has a top end which exceeds 120 mph. I drove it that fast and I was afraid it might rotate and fly. It is a car to cruise the Hill Country on a night like tonight. Sultry and warm.I have no problems with parts as they are cheap and plentiful. It’s a standard V8. I had it converted from points and plugs to an electronic ignition which allowed the starter to be downsized.Tommy over at ME Gene Johnson Garage on Airport Blvd and the BRC have a close intimate relationship. It never needs work.It is an easy ride.I get your point that something “collectible” might warrant a bit of complexity, but even things like that are traded by legacy systems with speed, ease, and certainty.No sale, amigo.I would attach a pic of the Big Red Car, but Disqus isn’t letting me mount pics on this site. Alas.

  9. 404 File Not Found

    @fredwilson:disqus have you tried buying and selling rare pepes in the wallet? the dex is one of the key counterparty features that has facilitated the growth of the pepe trader community

    1. degenbet

      It is also trustless

  10. JLM

    .Daily postage limit reached. Adios, MFers.Happy Mother’s Day, y’all!JLMwww.themusingsofthebigredca…

  11. MyBitcoinWeighATon

    Hello folks, the tx time will be speedy once xcp implements their new updates and btc adds lightning. Nobody will store there valuable rares on ethereum until they show and prove their worth first. It’d be cool to see more ethereum use cases but they’re nowhere near ready to handle the rares yet. Maybe In a few years. Counterparty already has a nice ecosystem using this technology including takara, book of orbs, memorychain, augmentors, tokenly, RAREPEPE, spells of genesis, force of all and many more. Some of these tokens/cards/assets sell for thousands of dollars. Some unlock music available nowhere else like the historic DJPEPE (serie 3.) Also, this is an all organic project. No ICO. No marketing budget. All press coverage (breitbart, vice, la minded, etc) have been due to genuine interest Ina working blockchain ecosystem.Www.rarepepewallet.comWww.rarepepedirectory.comhttps://medium.com/@coin_an…https://medium.com/@Scrillahttps://soundcloud.com/arto

  12. jason wright

    “Rare Pepe may not be the killer app that public blockchains are waiting for, but something like it may well be.”what would be ‘killer’ about this even if….?it feels like a very low common denominator behaviour. is this going to change the world for the better, eliminate illegitimate centralised power, and so on and so forth?surely devs can set their sights just a little bit higher, or is this the equivalent of how porn powered up the original interwebs? tap basic human instincts to build a new tech infrastructure, and then allow creativity to flourish?are you saying this is the tax we must pay for a better future?

  13. rick gregory

    Given that Pepe has been hijacked by white nationalists, it’s more than a little disturbing to see a bunch of what are mostly white tech guys playing this. At best, it’s clueless.

  14. Thomas Paresi

    Great podcast episode by Reply All on Pepe: Episode 77 The Grand Tapestry of Pepe. It clears the air about the original intent of Pepe, even if it was hijacked. I think taking part in this game, not just as an experiment in blockchain, also has merits for saving Pepe from the alt-rIght.

  15. Guesty McGuesterson

    Seems like a natural fit for a Pokemon game. But built as a P2P app it might be something Nintendo can’t keep control of.

  16. ZekeV

    My money’s on Deckbound to crack the bitcoin CCG opportunity.

  17. @mikeriddell62

    How’s about investing in something a bit more purposeful?

  18. Francois Royer Mireault

    Just mindblown.

  19. Adam Sher

    Some of those look like Magic: The Gathering cards.

    1. ffmad

      That’s the idea

  20. Douglas Drummond

    it’s so fucking expensive to trade CP assets 🙁 how does PEPE address this? does it? https://uploads.disquscdn.c

    1. ffmad

      It does not. But unlike scotcoin or storj, it’s collectibles. You’re not supposed to buy and sell your card frequently.And you don’t need to do transaction to use it on a blockchain game (that will only check if you possess the card)

  21. Kevin Hill

    It is somewhat interesting, but I still don’t see the adjacent possible for a killer app.The scarcity is still artificial, and the only thing that is secured by blockchain is ownership, not the information itself.So I see two barriers above and beyond the technical barriers you mentioned. If the scarcity is real because the goods are real goods, then you need a secondary system to manage that scarce resource, and so blockchain becomes a very expensive intermediate layer. If the scarcity is real because the information contained is scarce, then you need a system to directly secure access to the information, so again you’ll need a secondary system (eg, i give you access to a system and the ability to revoke my access to that same system).The long history of arbitrage has been written by efficiency. If cost to party A plus my transport costs are less than the value to party B we have an arbitrage situation where transfer alone can be a valuable economic activity. While the transfer costs are hidden with blockchain they are very real, and closer to transport networks of 50 years ago than to modern day digital transfer systems. In order to be successful long term, you are going to need to find an asset that can ONLY be transferred within the mathematical scope of blockchain, and has real scarcity attached. I haven’t really seen anything like that.

  22. p-air

    Fred, you may enjoy this interview with Theo Goodman, one of the tour de force behind the Rare Pepe phenomena: https://youtu.be/KHQLBsrk5ME. Of specific interest, note the disbelief in one of the interviewers. This interview took place very early in the life of Rare Pepes.

  23. Klo

    I’d be careful associating yourself with people who are indifferent (sometimes hostile) to the non-Caucasian world Fred. Dangerous for PR. Please dont bring this shit into the Ethereum space.Aesthetically and functionally very interesting though, trading memes.

  24. ffmad

    Rarepepe’s are a good way to show that this meme isn’t a stupid nationalist icon

  25. sull

    Correct. You can choose not to like Rare Pepe because you think it’s silly, but the hijacking of it in recent years by a negative toned campaign should not be the only reason to dismiss it. That would be akin to dismissing all of America because Trump 😉