brypto

‘memecoins have no value’ is a wild take

operating from the assumption that every coin is extractive (and that’s all they can be) feels like a massive misunderstanding of the space

honestly shocking

@aeyakovenko @Fiskantes i dont agree it was sold as risk free yield tho, most ppl using aave, kamino etc, were doing it consciously of what defi is/was and what are the risks.

One could argue things like Ohm, Time Wonderland weren't as clear, and they duped a lot of people initially, but it was still… https://t.co/8M4nl1C18j

@WazzCrypto @Fiskantes If you put in $20 into a candy crush loot box you have $0 in minutes.  Like loot boxes, memecoins are purely digital and have no value.  The only reason to trade them is for the trading experience itself.

toly 🇺🇸

‘memecoins have no value’ is a wild take

operating from the assumption that every coin is extractive (and that’s all they can be) feels like a massive misunderstanding of the space

honestly shocking

https://x.com/aeyakovenko/status/1891841478714102095?s=46

figuring out my next thing | marketing, content, growth | prev. Juicebox, Nouns, RAW DAO | casting about coffee, hi-fi, and other rabbit holes

it’s like nihilism layered on top of nihilism

The comical part is him using OHM as an example and it’s literally the only thing with 

> deep onchain liquidity
> constant bidder 
> always on credit facility
> literal backing

Their value is ephemeral and based completely on attention 

A handful of memecoins graduate to community coins or something more but majority have no value

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

yeah but you’re not the CEO of a blockchain

wait lol this is my understanding too though 💀

that’s just some practice for what he’s afraid he’ll have to tell the judge 😂

Solana has felt like a candy crush loot box for me tbh

Many experiences where I put $20 in and have $0 in minutes

Memecoins can have value and purpose but the pump.fun sludge of memecoins was like 99.9% extractive

type of thing you say when lawyers are out hunting

Also thinking that USD has value because of *checks notes* taxes?

Ser, USD is backed by violence and a strong meme.

you are 100% right, but we have gained, as a space, that comparison. It
is going to be difficult to change it.

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what if the coin had no price but saved you money on trades?

what if the coin had no price but saved you money on trades?
https://warpcast.com/shapeshift/0xc70c11cb