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Alok Vasudev
@alok
Memecoin trading is a gauge that measures the potential energy within a blockchain ecosystem that can then turn into kinetic energy as good products emerge
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Drew Beechler
@drewbeechler
One layer deeper — what's your thought as a vc on @nonlinear.eth's take on how a founder should spend time with memecoins? Feels like you might argue a deep understanding of underlying cultural dynamics, network effects, etc. with memecoins are also vital? https://warpcast.com/nonlinear.eth/0x85822369
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July
@july
Memecoins sometimes feel as if kinetic energy ready to be unleashed, often (though not always) without potential energy. Non blockchain projects usually have it the other way around
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abram
@abram
i haven't been paying as much attention to this area...what are some examples of this transition ("good product emerge") happening?
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Max
@max-melmed
Memecoin trading is straight up gambling. To each their own. Some like the lotto, some the casino, some sports betting, and some prefer memecoins but feel like any other explanation is reaching.
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EulerLagrange.eth
@eulerlagrange.eth
Don’t worry Alok I’m here to make sure the principal of least action is satisfied 🫡 https://warpcast.com/eulerlagrange.eth/0xf4c0f060
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ashwyn
@ashwyn
I agree that it’s proportional but my guess is that less than 50% of these traders would use actual emerging products on the given chain. Maybe it’ll be different on @base.
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Kylith
@kylith.eth
Interesting analogy
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Swampboy
@swampboy
Memecoins can be a positive thing for sure
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Esra Eslen
@esraeslen
agree 100% 111 $DEGEN
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