Transhuman Crypto Cloudminds

Swan, Melanie

doi:10.1007/978-3-030-16920-6_33

Cited by 4 publications

(1 citation statement)

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“…What is important, though, is that they also represent resistance to the crisis of financial capitalism, albeit through even more extreme, and often utopian, projects of economic liberalism and/or democracy, now on blockchain. Some of these tendencies could adorn a somewhat extremist form, merging with the dark and disturbing side of accelerationism (Land, 2018), transhumanism, and eugenics (Swan, 2019).…”

Section: Affect and Populism In Political Theorymentioning

confidence: 99%

Happier than Ever

Serada¹

2023

Activist Retail Investors and the Future of Financial Markets

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Investor sentiment is a major factor in financial markets. Long before the GameStop short squeeze and the market-crashing tweets of Elon Musk, social media signals demonstrated credible forecasting, and potentially, manipulative potential in the studies of stock markets and, later, cryptocurrencies. This chapter summarizes the existing research on sentiment in stock markets, cryptocurrencies, and meme stocks and connects it to the productive role of affect in political activism, as conceptualized by Chantal Mouffe. It then proceeds to the current state of the NFT community, with its almost euphorically positive mood. It appears that the valuation of meme stocks and NFTs relies on similar and, sometimes even the same, mechanisms. The collective agreement about their price is guided by the positive sentiment, openly expressed and easily measured online. However, instead of "disrupting the art scene," an overwhelming positivity in the discourse regarding some assets (e.g., NFTs) has channeled into celebrity culture. With these affective dynamics, the chapter then relates these moods to the concept of affective solidarity.

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Section: Affect and Populism In Political Theorymentioning

confidence: 99%