David Furlong
@df
pure memecoins are a pyramid scheme that will collapse as soon as A) the same people keep winning (as this means the average person is losing $ consistently) and B) new buyers entering the system are exhausted (there's a limited amount). A is already happening (KOLs are driving token prices top down) & not sure how much of B is left. History rhymes - exact same thing happened with NFTs.
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↑langchain 🎩
@langchain
The issue is the mental illness has spread already so (even in this thread) people cannot differentiate memecoins from systems that have deployed tokens for actual usage. I feel this all ends similarly to ICOs and sets the industry back before good examples are highlighted.
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