CoinMarketCap in 2013

"Memecoins have been around for a while" @eddy

Memecoins have been around for a while and haven't changed much. They aren't going away, but they won't be a source of lasting innovation either.

Memecoins are just a symptom of other powerful and promising phenomena on the web: memes, social networks, permissionless verified computation, and more. Focus on those.

CTO @a16zcrypto, lover of https://github.com/a16z/awesome-farcaster

this cycle of memecoins feel like 4Chan has invaded crypto

buy is the new reply

I would even argue that memecoins are just a more viral manifestation of the same speculative financial opportunities that have existed for about as long as financial markets. 

The key distinction to me here is the relatively frictionless way for one to emerge and build liquidity.

naming memecoin as "memecoin" is 100% brain usage