Content
@
0 reply
0 recast
0 reaction
polynya
@polynya
I've definitely been slacking on my "1 cast per week" goal, so to make up for that, how about I do an AMA for the first time? Topics I won't reply to: trad crypto infra (L1, L2 etc), prices, or personal questions
43 replies
145 recasts
547 reactions
Garrett
@garrett
Do you have any thoughts on this presentation from Murad? Would love to hear your thoughts about it or any criticisms bc I was surprised by how much it resonated. Worth the watch imo. https://x.com/muststopmurad/status/1839732601759641960?s=46&t=LNZpH03544B952EdXOUs2w
2 replies
0 recast
1 reaction
polynya
@polynya
I'm the wrong audience for this 😀
1 reply
0 recast
3 reactions
Jason
@chaskin.eth
At your recommendation, I watched that, and he correctly identified the problem with low FDV high float tokens that Cobie laid out clearly in this piece: https://cobie.substack.com/p/new-launches-part-1-private-capture But what he misses is that what's happening with meme coins right now is worse. At least with the low FDV high float tokens, they're extremely transparent about the tokenomics. For these meme coins, unless you're checking the contract (which no one does), it's all behind the scenes. So most of the time, insiders hold a massive percentage of the supply waiting to dump. There are exceptions, but currently, it's worse than a casino (https://www.youtube.com/watch?v=o17GnPJXxgU), with even meme coins that claim to be "fair launches" doing things like launching the LP and buying it up before announcing it. Most of them are just a transfer of wealth from people willing to do shady shits to those hoping to get rich overnight (though this doesn't apply to everyone)
1 reply
0 recast
1 reaction
