teddit

half-baked thoughts on current FC memecoin mania (of which i am a passive participant):

the key difference b/w what's going on here vs pump.fun / X is our access and exposure; we get to be early and early more often because AI has made it easy for anyone to spin up a memecoin and get distribution all-in-one.

more early access = more wealth, so ofc it will be embraced esp by those getting early access; there are still in vs out group dynamics.

otherwise, its the same primitive (casino) just with enhanced features that improve trading efficiency; the built-in social context makes us trade more quickly and confidently bc we save time not switching from tiktok to X to pump.fun, verifying social handles, etc.

degen and anon are most interesting to me due to their application (innovation; social tipping + zk account access) and integration (growth hack). note both were airdropped based on proof of commitment: degen for early active FC users, anon for supercast paid users.

these are exceptions, not the norm.

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina