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J Finn 🎩
@jdotfinn
I don't love this $Degen price action. we are back to basically pre-Coinbase Listing days: - $Solana announcement has done nothing - now there is a war on farmers, again ... - vibes are low because we are red on the daily silver lining is that broad $ETH market is red. not losing faith, but we need some catalysts to turn it around.
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Hoot 🎩
@owl
The problem is always Degen is doing stuff without any hype. L3 and Solana launched and there was not a single interesting app on either, so why care? The only thing Degen has for itself is price action & community and both are not looking too well. Tipping doesn’t matter much anymore so it’s literally just a memecoin rn
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J Finn 🎩
@jdotfinn
I don’t disagree in some ways, although when I saw Solana (the chain) itself getting excited about Degen I thought there might be some strategy there. Tipping still feels convoluted and complicated, but it is also an innovation that could scale distribution onto X. If it is ‘just a memecoin’ in the end, the brand is still worth something. Some good points for sure, mainly that if there is a full chain there then there needs to be something novel to do on it, and so this needs to be heavily incentivized
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Hoot 🎩
@owl
I’m really hoping for some big announcement at the anniversary party. It’s what Degen desperately needs. There are so many opportunities, building games, AI agents, some new mechanisms next to tipping. Looking from the outside it seems like other than tipping anything they’ve tried has failed. I will always stay Degen for the community and as tribute to what it has allowed me to accomplish but I can totally understand that people new to the project would dismiss it and go to some random pump fun shit coin instead
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