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✳️ dcposch on daimo
@dcposch.eth
I had a great convo with @greg yesterday. Memecoins are fine as long as everyone understands they're a zero-sum game. Those can be fun! People enjoy slots and poker too! But for for every $1m someone makes, others are losing $1m. It's wrong to pitch them as a wealth-building opportunity.
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✳️ dcposch on daimo
@dcposch.eth
> How do you know ObamaSonic420Inu starts at $0 market cap, and it ends at $0 market cap. In between, a lot might happen. There's a power-law to returns, so even tho the sum total is $0 exactly, the *number* of people who end up net-down is much larger than the number people (largely those in early) who are net-up.
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DoomFuzz
@doomfuzz.eth
i don't think people realize how much of an advantage devs and early buyers have and also the majority are outright scams that said i have no problem with "honest" memecoins if you know enough to use a token called $degen to buy another token called $goat then you know what you're getting into 100 $degen
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six — f/arcon ↑
@six
do you feel this way about punks as well, or have they crossed the legitimacy threshold that eg btc/eth have?
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Dario Spina
@dariospina
Hear me out - Powerball jackpot is the real wealth building opportunity
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Kuririn
@kuririn
I think many people don’t understand that.
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pontus
@pontus
+1
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Rebin 🎩
@sky95
Wise conversation🙌🏽
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Chinmay 🎩👷✈️ Farcon
@chinmay.eth
Fun always ends!!
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Domain Shane
@cultra
Amen 350 $degen
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