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Syed Shah🏴☠️🌊
@syed
My takeaway from this is that memecoins are training a generation of very savvy investors, and equipping them with liquidity. If they ever managed to get out of the casino. The measuring the valuations here and estimating profits are second nature. Not to mention the ability to detect BS, but also to detect how much profit can be made from BS (what's truly valuable and what is pure garbage). I'm fairly comfortable saying the average shitcoiner is a more capable investor than the average VC. It's just all directed into the PvP casino, which might not be a bad thing. Steel sharpens steel.
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Dan Romero
@dwr.eth
lol, apples to oranges Liquidity profiles are very different. Skill set does not translate well usually.
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Syed Shah🏴☠️🌊
@syed
I suspect it's much more transferable than at first glance. Liquidity profiles different yes but not as much if the person switched from memecoins to angel investing. I'm sure their expectations would similarly adjust. I expect AI advancements will lead to a lot more startups, the investing landscape should change quite a lot. The rate of change will also increase pretty fast. Imagine the entrepreneurship landscape post AGI or anything approaching close to AGI. I think memecoiners are more equipped to evaluate this rapidly changing environment than VCs. The more I think about it the more bullish I get on memecoins as training for capital allocation. Not to say all memecoiners will crush it. But in this world, I'll take the average of memecoiners over the average of VCs all day everyday. Memecoins are more serious than people give them credit for and startups less serious than they are given credit for.
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