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phil
@phil
I’m torn on memecoins. They legitimately feel like a fun new social primitive. Addicting and always something new to talk about with friends. They’re also a zero sum attention vacuum. I don’t feel good when I pay attention to them. Memecoins: passing fad or glimpse of the future?
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ccarella
@ccarella.eth
In its average form it’s just a new twist on the attention economy. You can spend 100 hours of your life following the Diddy story and it’s just as vapid and costly as playing a memecoin games. In its best form it’s a new way to coordinate using crypto primitives. Worst form is a straight honeypot/rug pull, but there are scams around anything of value in this world.
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