brypto

‘memecoins have no value’ is a wild take

operating from the assumption that every coin is extractive (and that’s all they can be) feels like a massive misunderstanding of the space

honestly shocking

@aeyakovenko @Fiskantes i dont agree it was sold as risk free yield tho, most ppl using aave, kamino etc, were doing it consciously of what defi is/was and what are the risks.

One could argue things like Ohm, Time Wonderland weren't as clear, and they duped a lot of people initially, but it was still… https://t.co/8M4nl1C18j

@WazzCrypto @Fiskantes If you put in $20 into a candy crush loot box you have $0 in minutes.  Like loot boxes, memecoins are purely digital and have no value.  The only reason to trade them is for the trading experience itself.

toly 🇺🇸

‘memecoins have no value’ is a wild take

operating from the assumption that every coin is extractive (and that’s all they can be) feels like a massive misunderstanding of the space

honestly shocking

https://x.com/aeyakovenko/status/1891841478714102095?s=46

wait lol this is my understanding too though 💀

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

Well, I will amend this. I see the potential for these coins to be more than extractive. But that is largely theory. The practical applications to date are mostly extractive. More often than not.

….. true 😂 
It seems like Solana Fdn might have been aware of some pretty nasty insider activity; I wonder if this is like some weird deniability thing related to that? There’s so much mess in that ecosystem

yeah but you’re not the CEO of a blockchain