brypto

what does farcaster think of this take?

feels like this mistakes traders for users. if anything, the actual innovation will come from ownership alignment between builders and early adopters who actually want to USE what's being built

https://x.com/cherdougie/status/1884825341400698969

If you didn't buy JellyJelly in the first 1-2 hours it was launched, you are currently in the red. 

Great way to go 'viral', decent way to get a quick buck to seed your project, great way to transfer wealth to the most sophisticated of traders, not a great way to treat your users/believers imo.

Coinbase employee (Investigatooor), personal account. Onchain is the future.

I'm sure it also puts a lot of pressure on the team to ship more hastily than they would otherwise.

I think we should dispel with the notion that memecoin launchpads are 'fair' launches. These launches benefit those who currently dedicate their lives to 'gaming' the system, not retail traders.

exactly this

i can’t imagine people who just lost money on a memecoin are gonna be hyped on the product