Squad Wealth (2020) | Hacker News Reader

Squad Wealth (2020)

otherinter.net

8 pointssimonpure8 comments

I think I just have no idea what a “squad” is. Trying to read this made me feel old and out of touch.

Made me feel like I was reading something AI generated.

" Though dollars keep squads afloat, dialing up the financial infrastructure too soon can kill the vibe. The squad economy primarily yields non-monetary forms of value. SQUAD WEALTH is a rate of 5 memes per day, it's the e-girls vacation, the TikToker hype house, the empty church your crew rented upstate. SQUAD WEALTH is when the Discord is popping off and it brings you more joy than a 70-hour-week hustle ever could. Millennials all want to quit their jobs and start venture-funded companies, squads are already on some other shit. "

A squad can be a small 'company' of people without any legal status per-se.

Like a bunch of devs sharing a flat who got a contract to fix a website.

Group identity + shared space + common purpose.

But, mainly on the internet. That's what differentiates squads today from squads a generation ago - sharing vibes with people you might not have ever seen.

I think that's almost the point; it's a kind of youth culture manifesto. Something like like A Declaration of Independence of Cyberspace[1].

1: https://www.eff.org/cyberspace-independence

I think this summarizes it well....

> ...interest-free P2P borrowing, anonymous lending pools, collective insurance, socialized ETFs, DAO-based freelancer unions, rotating savings schemes, revshare guilds, meme venture syndicates, crypto ponzis, exit scams, in-browser miners, upstate yield farms, boy bands, cults, and sovereign vacation funds.

> The point is clear: access to finance and the creation of capital assets is crucial. What squads need now is the technical infrastructure to capture and compound jointly produced value.

...they are groups of scammers/get-rich-quick schemers looking to scale online with the use of better organization & social media influence tools.

I never heard of this term used like this before. Is it basically what’s depicted in the show Friends?

If not then what is the difference?

https://en.m.wikipedia.org/wiki/Friends

21st century squads are best-friend groups on the internet. That's all there is to it, and it's glorious.

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