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

ヽ(⌐■_■)ノ♪♬ @ @gauntlet/🤖Ventures/tldr/Aera \\ ¯\_(ツ)_/¯ Struggling with the nature of randomness \\ main: @gaa \\ /red-bull /defi-research maxi

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.