Noah Bragg 🔥
@nbragg
Lots of builders don't like meme coins and people that are "serious" about crypto don't like meme coins. Because they are just seen as gambling and the casino. They are noisy and wild. No true value creation. I too have these knee jerk reactions against them but I have come to embrace them and take the good with the bad. Number go up won't last forever but it is a great marketing tool in the mean time to get new people and builders interested in the tech. I got pulled more into crypto when I saw these jpgs go for millions built on the blockchain. The flashy numbers got me in and then I stayed to try create valuable things. /stokefire also tries to follow this model. Use speculation of the $FIRE token to help fund rewards and bring interest to the onchain game I'm building. Speculation can be used as an awesome tool!
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Noah Bragg 🔥
@nbragg
Every crypto cycles follows this pattern as well. Tons of speculation during the bull market that brings in lots of people and helps us test crypto products at scale. Then more builders come in and we can all make the tech better. More valuable things can now be built even though a lot of people leave during the bear. But every time things continue to get better. Bitcoin even grew off of "non-valuable" or "bad" products such as the Silk Road. Gave it a first use case to make the tech around it better. Then it and crypto could be used for more valuable use cases later.
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kripcat.eth 🎩
@kripcat.eth
100% I think this @proxystudio.eth ‘s thesis behind clanker too. Builders need capital and crypto needs attention to crossover into the mainstream. Memecoin mania brings both. @woj.eth receiving a $50k payout from $anon trading fees is a great example of this. Just so long as the industry doesn’t lose it’s values in the process and we stop shooting fish and punching toddlers for the attention economy. (FFS 🤦♂️😡)
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Noah Bragg 🔥
@nbragg
haha yes, that is some of the bad part of it. those livestreams
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