pure memecoins are a pyramid scheme that will collapse as soon as 

A) the same people keep winning (as this means the average person is losing $ consistently)

and

B) new buyers entering the system are exhausted (there's a limited amount).

A is already happening (KOLs are driving token prices top down) & not sure how much of B is left.

History rhymes - exact same thing happened with NFTs.

Memecoins are less of a serious thing if you look at them like prediction markets. 

Sell = bet No 
Buy = bet Yes 
Every memecoin will end (collapse)

Unfortunately, I don't think most retail users see it this way, and they will get burned. Probably an opportunity for a safer more transparent experience.

exactly. not my cup of tea but clearly there’s demand for betting on memes in the same way there’s demand for betting on predictions

🎯 https://warpcast.com/matthew/0xff65cf5e

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

prediction markets resolve to 0% or 100%, memecoins markets only resolve to 0%

every memecoin that is truly a memecoin(and nothing further) will most likely end, yes

and until they end they simply ride on the vibes and popularity of the cult of grifters in the center

this is a good way to look at it, cultural prediction markets

and of course “serious builders” will never admit that retail got burnt buying many VC alts and DeFi coins last cycle, with the exact same dynamic. most of those coins went -90% or more.

when I go to a casino I decide how much I’m willing to pay (eg lose) for that entertainment. Memecoins are the casino. 🎰 act accordingly