This theory gets a bit complex, but here's the gist: Mimetic theory suggests we sometimes desire things because other people want them too. In the world of crypto, this can influence how valuable people perceive a certain cryptocurrency.
Mineable vs. Not Mineable Cryptocurrencies:
Some cryptocurrencies are like gold mines. You can "mine" them by using computers to solve complex puzzles. If you solve the puzzle first, you're rewarded with new crypto coins! This process is called mining, and cryptocurrencies that allow this are considered mineable.
Other cryptocurrencies don't work this way. Instead, they might be created through a system called staking, where you earn rewards for holding onto existing coins. Cryptocurrencies that don't involve mining are considered not mineable.
