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I've been trying to better understand memecoins and why people are drawn to them, and how that could become a durable, rising wave over time.

I still don't quite get it & still foggy on how some of this manifests into "products" (at least beyond making it super easy to launch a memecoin and exchanges to buy / sell memecoins), so I'd love to hear feedback!

I've been trying to better understand memecoins and why people are drawn to them, and how that could become a durable, rising wave over time.

I still don't quite get it & still foggy on how some of this manifests into "products" (at least beyond making it super easy to launch a memecoin and exchanges to buy / sell memecoins), so I'd love to hear feedback!

https://paragraph.xyz/@reidtandy/on-memecoins-from-a-skeptic

Really like your grounded take on memecoins and their reliance on hype over utility. While they often reflect speculative behavior, its interesting how their popularity seems to show that value today is often created by group stories and shared beliefs. Do you think this could ever lead to something meaningful, or are memecoins just a zero-sum game?