My takeaways from Tim Hwang‘s sxsw panel:

The internet has its own self-referential universe of memes. Lolcats is one of the most virulent memes that has ever existed. It has a computer code, it has a wiki-translation of the bible, and it has become it’s own language that has spread throughout nearly every other meme online. What aspects of memes cause them to spread or die?
Recessions are great for internet culture. Lots more people are able to consume and create memes when they are unemployed. Twitter, Etsy, and Vimeo have all had hugely increased traffic since the recession started in October.
Can you hack internet culture? Are there reliable tactics to become “internet famous”? Can we have a “social net neutrality” that ensures that memes organically spread rather than being pushed by a small group of people who know how to hack the system?