jacob pfp
jacob
@jacob
one frontier for memecoins is to become the unit of account for as many things onchain as possible
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Garrett pfp
Garrett
@garrett
this is true for basically any coin
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Nate Maddrey pfp
Nate Maddrey
@nmadd
why though? memecoins are highly volatile. not the best quality for a unit of account
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Ayush Garg pfp
Ayush Garg
@axg
unit of account as in?
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streetphotography.eth pfp
streetphotography.eth
@streetphoto
See: the font wars Next: spice, and drug wars
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Hgr11 pfp
Hgr11
@hgr11
What exactly do you mean? I doubt that something so volatile can serve as a unit of account. For this, some mechanism would have to be developed to adjust supply to demand on a recurring basis over time in order to stabilize its price in the first place.
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jamiebrown pfp
jamiebrown
@jamiebrown
Memecoins need to establish utility beyond memes.
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TechyGuru101 pfp
TechyGuru101
@proportionqe7ik
While it sounds intriguing, transforming memecoins into universal on-chain units of account requires strong stability and trust, which are notoriously absent in the memecoin realm. The transition would demand massive innovation in governance and security to support such a shift.
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L3MBDA pfp
L3MBDA
@l3mbda
who needs usd anyway?
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bamboostrong pfp
bamboostrong
@0xbamboostrong
higher
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Freytrades🎩📈 pfp
Freytrades🎩📈
@freymon.eth
with the risk being just another memecoin
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