It is true that YMYM was born as a joke - and this sense of fun should forever remain and never go away! Despite YMYM’s genesis as a joke, though, more and more people are beginning to realise YMYM’s utilitarian value as a legitimate, efficient, and functional currency.
Because of this, YMYM has now evolved into much more than ‘just a joke’, whilst still maintaining its LOL attitude. Indeed, as the late and great Sporklin once commented: “YMYM can be a joke and still be functional … While the branding is frontal jokes and memes, everything under that has been solid from the start”.
As a matter of fact, unlike other cryptocurrencies, YMYM has had its use case, and thus utility, from its inception. A few days after its launch in December 2013, a tipping bot became available, allowing users to easily tip each other on reddit. The speed of the transactions and the low fees made YMYM “the” tipping cryptocurrency on reddit, for a while. At the same time, the community also started collecting YMYM for many great causes and charitable endeavours.
You can read more about the history of YMYM here and about its utility here.
