basil
@itsbasil
is there an example of a memecoin that raised a bunch of money & hype, popped, pivoted to “doing good” after their initial crash re utility & community, and then saw a retracement to highs in the following cycle?
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kenny 🎩
@kenny
Dogecoin?
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basil
@itsbasil
only one i can think of as well. did doge ever do anything “good” tho or was it always just a tool for Elon & Cuban?
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kenny 🎩
@kenny
Doge had a rich history of decentralized community action and charitable works done by the community long before Elon got involved in 2021 the coin doesn't survive if there was a core group of believers from 2014 - 2021 keeping it alive be doing fun things in the name of Doge: https://www.reddit.com/r/dogecoin/comments/24h11n/announcing_doge4housing_help_families_with/
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kenny 🎩
@kenny
more examples https://www.reddit.com/r/dogecoin/comments/2ggc81/i_want_to_auction_the_dogecoin_helmet_off_for/ https://www.reddit.com/r/dogecoin/comments/25u6sl/josh_wise_finishes_in_15th_place_in_the_nascar/ https://www.reddit.com/r/dogecoin/comments/1x7s4o/im_whitney_from_4_paws_for_ability_a_charity/ https://www.reddit.com/r/dogecoin/comments/lf7q6d/did_we_just_invent_decentralized_charity/
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basil
@itsbasil
i remember a little of that. curious why we don’t see more “memes as awareness.” the idea feels very 2020 coded in a way but it does feel like low hanging fruit. could easily see the “don’t kill yourself” meme tokenizing, skyrocketing, and raising a bunch of awareness for depression. i suppose that it’s because there isn’t much “get rick quick” community crossover in the “awareness, public goods & altruism” camp, which makes sense. feels like it could be easily exploitable given the emotional context. perhaps the move is to be somewhere in between, like higher is doing—something more like a brand rather than just a singular awareness purpose
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