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Cooki
@cooki
Memecoins are almost inverse Veblen, in the sense that the larger they become the less enticing they are Unless you use a lot of leverage you're not changing your life with a $1K punt on Doge at $23B mc $1K into a $500K mc shitcoin on Base however, that *could* be something memecoins are about the dream, the *could*
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Cooki
@cooki
Having said that though, I don't think human psychology quite works that way lol
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SydneyJason
@sydneyjason
And unlike other investments (bets?), memecoin success and possible life changing-ness is entirely due to luck. With other projects that have *some* utility, it’s reasonable to pick one vs another based on “merits”…
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