In traditional markets, we deal mostly with known unknowns: "I don't know if this company will meet its earnings projections." In memecoin trading, we deal primarily with unknown unknowns 🧵

When I mentioned in a Warpcast groupchat that I don't trade memecoins, several people asked me why. After all, isn't this exactly the sort of inefficient market that a 2 bit wannabe rationalist (ME!) should love?

Deeply irrational behavior, obvious pump-and-dump schemes, and a…

daojoan.eth

In traditional markets, we deal mostly with known unknowns: "I don't know if this company will meet its earnings projections." In memecoin trading, we deal primarily with unknown unknowns 🧵

https://x.com/daojoaneth/status/1862747324382159093?s=46