Solana

fwiw I strongly disagree with this

culture, meme, and media coins can and will have significant value, they just need to be smart not dumb

toly is correct that bundled, extractive, down only coins that we've seen make up the majority of the hype cycle have zero value

@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 🇺🇸

fwiw I strongly disagree with this

culture, meme, and media coins can and will have significant value, they just need to be smart not dumb

toly is correct that bundled, extractive, down only coins that we've seen make up the majority of the hype cycle have zero value

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

@base builder #001; onchain cities w/ OAK & city3

What's your idea of smart?  Or how do you envision that they need to be "smart" ?

Stay Curious // iixii // Head of Crypto at https://www.lazertechnologies.com/  // Prev: CoinDesk, Roc Nation // based @basedevo

Any examples of this that you've seen or would point to for inspiration?

I can think of a couple but curious if there's any tokens/token ecosystems that come to mind for you

they need to create and return value flows to different market participants in such a way that they are positive sum on a longer time horizon