EthFinance

Ok, so we have a bot that can create tokens automatically.

The next logical step is to let this or another bot execute its own trades, initially with some crude buy-low-sell-high logic.

And every time the bot reaches a threshold of gains, it converts the excess into ETH and burns it.

Perpetual deflation (or at least until the bot runs out of money)

Ok, new idea to speedrun this whole meme coin mania into the ground and put it behind us.

You may be familiar with the Library of Babel website — it uses an algorithm to procedurally generate every possible book of 410 pages with 40 lines of 80 characters each. The number of combinations is 32 possible characters raised to the power of 410 x 40 x 80 = 32^1,312,000.

In similar fashion, let’s just let loose a @clanker on steroids that programmatically starts creating every possible token in alphabetical order at the fastest possible rate, starting with all one-letter names, then two-letter names, etc.

That way, if you can think of a token, it already exists somewhere and has zero value.

Suck any meaning, however flimsy, out of token creation

create autonomous memecoins for free, get rewarded for posting bangers

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

Some are just memes for the sake of  meme’ing and attracting eyeballs and dollars, like dotcoms in the 90s. Some are ecosystems that will build culture, value, & long term wealth, like dotcoms in the 90s. Creating all possible names makes a complete set of $30k MC tokens. The builders and speculators won’t stop.

Independent Power Networks @ Aston // astonlabs.co.

This is insanity!!  My father in law was at dinner tonight.  He said domains were free or cheap when he was building and they’d grab any domain they thought of and build meme sites to get eyeballs and sell ads.

There were 375,000 new meme tokens created just this past week on pump.fun. None of them are creating culture, value, or long-term wealth. That’s what I have in mind with this thought experiment