matthewb.eth pfp
matthewb.eth
@matthewb
a lot of memecoin critics don’t realize that the quiet part they’re saying out loud is “I don’t find the utility of making money very useful” which says a lot not a good or a bad thing, it is what it is
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callum pfp
callum
@csmit
Memecoins stop becoming memecoins when they’re no longer funny, that is completely up to the audience, whether they are buying selling or just watching Other than being funny, they are useless and often used explicitly to extract value from people who are trying to have a good time Clanker etc have been good in this sense because it has saturated the market so much that people just pump coins based on the name, not based on the long-term investment thesis for FartCoin It is lowkey a good way to attract investment into the crypto space for its novelty but really people should be coming here for the tech - the tech is actually important. In the future we will probably be regretting not transitioning to a crypto economy faster. Mark my words something is gonna happen again where people can’t access their assets or their assets are taken from them - remember SVB, FTX, the gold reserve act (1930 something), the GFC… etc Memecoin devs could be building to protect and bolster the memecoin economy (lol)
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