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

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