Consumer Crypto

Memecoins are attention currency.

It's really easy to get frustrated watching them pump to $1B+ market caps when you're heads down building products, protocols or IP.

But it's important to understand the psychology behind why memecoins are attractive and find ways to apply it to whatever you're building.

Onchain is the new online - FID 206 -  cooprecords.xyz

e/acc || Building @ /nova || Catgirl maxi @ /imgnai || Dogecoin core dev 2013/14

For the vast majority of memecoins I totally agree.

But take BONK and Bonkbot for example.

Or TOSHI and the tools they've been building.

I think people drastically underestimate how hard it is to build a successful memecoin and that the energy that could go into product often goes into community (which is essential)

Memecoins are a wonderful capture of market attention, and excess liquidity - but 99.99% of them only serve to return that excess liquidity back to the market in concentrated fashion.

They’re a bull market phenomenon - and definitely cannot be compared to builder projects or protocols.

In general, I feel we should follow our heart. If we get enjoyment from building things then we should do that.

If we enjoy gambling then memecoins are an option. 

Agree, that there are ways to leverage memecoins to make the product we are building more attractive.