Tarun Chitra
@pinged
I feel dumber every time I read an investor writing about memecoins and trying to intellectualize it as a place for long-term investments; real 2017 ICO energy
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Monteluna
@monteluna
Reductionism vs emergence.
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lucky
@lsankar.eth
he said reductively
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Monteluna
@monteluna
Who? I'm just saying you can't intellectualize it. Its pure emergent phenomenon. No simple explanation, no closed form solutions, no models, no balance sheet. Memecoins are just monetizing an ensemble bulk of random stupidity.
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lucky
@lsankar.eth
stupidity?
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Monteluna
@monteluna
You think people aping into "niggawifhat" is not stupidity?
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