memecoins are just prediction markets for attention

Building FOSS via @frames, /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

building /bracket | talking /greatbooks | ex-BCG, ex-PHD | poli + phil + econ

*the current prediction markets you're thinking of have finite upside, the memecoins prediction market doesn't

Like your point, but to be a nerd:

Unlike coins, prediction markets are not lotto tickets. Finite upside. This makes a pretty big difference in (1) the owner’s experience on the inside and (2) the precision of the market signals to the outside.

and atteniton spans are shit 

/ 

the memes are coming from the same people faster and faster. there is no pie growth. just clanker growth. 

(and my guess is a a trail of tears.)

Degen

https://warpcast.com/esdotge.eth/0x6e6edfcf