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.

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

I think NFTs sat between pokemon cards and day trading. Memecoins have almost no collector value. I'd argue they are almost exclusively speculative asset. I understand why people are building on them - more liquidity than nfts means more fees earned. But I think they are a net negative for onchain culture.