J Finn 🎩 on Warpcast

basil pfp

memecoins set crypto back 3 years but i’m glad 800 people made a few $100k at the expense of 250,000+ people this is one of the biggest misunderstandings about crypto: if you build it, they will come they won’t, not anymore because you, as a leader, leaned into garbage over & over & over again & more than 95% of people who followed you lost money they are not coming back, ever good luck with the onboarding tho [insert meme: well if isn’t the consequences of my own actions]

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J Finn 🎩 pfp

dunno about this take. this seems fairly unique to Solana, and was basically a 'gambling cycle' in line with generational income disparity, sports betting everywhere, etc. perfect storm, not sure how it could have been stopped ... the countertrend has been the 'base builders' type of vibe, which we see here on Farcaster, trying to build a new ethos. admittedly, when all the capital flows in one direction (meme gambling), you have to follow it to some extent, but the depravity of it might give birth to the types of companies you have talked about with 'revenue coins.' that seems to be the direction proxy is going with Clanker, and it seems to be taking shape in small niches.

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basil pfp

chain doesn’t matter; go ask your neighbor or barista what they think about crypto; then ask what they think about sports betting it’s not about us that are already here, it’s about those that were likely to convert that we’ve now scared away for life

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basil pfp

rebranding coins does more harm than good every single time btw we’ve done this 100x already

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