Are memecoins good or bad? 

I think they sit somewhere in the triangle between buying pokemon cards and going to the casino and day trading. 

I don't personally don't do much of those things, but I understand the appeal and don't think we need to shame people who do it.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

I can only rationalize them as a business with no cashflows and just equity shares with only a marketing department.

I actually think the next evolution of them are sort of digitized SPACs where they explicitly spin up with a mandate of eventually expanding their business through acquisitions and partnerships.

If you say it like this, some of them actually have a reasonable price and potential upside depending on the team and plans.

Just a nerd deploying solutions, systems & ideas. Made A Stage Reborn™ to make arts more accessible.

Development corporations?

Sir I'm waiting for the Vatican City to create a Catholic coin, that the city integrates into it's payment system. I'm thinking about religions creating memecoins and using it to generate credit and economic activity in their operations.

We musn't be afraid to dream!

Imagine SPACs but on a municipal level for economic development. What a way to fund downtown VAD revitalization without ending up taxing your constituents for being scooped up into BlackRock’s HIMU bond ETF that can fiscally back further than local polls can even reach. 

We already do this rurally with local lore or grant-paid murals. It’s a massive and unexpected market use case, especially if tokenized credits can be swapped for municipal property tax credits — that’s a tax solution locals have been billboarding for solutions for. 

I can see memecoin theory being applied to development corporations and other RWA projects in strange ways besides social media viralness. 👀