You know what's worse than memecoins? Ponzis no different from memecoins that hide behind the facade of "game changing" "new paradigm" narratives

Basically >99% of crypto assets

At least memecoins are honest - everyone knows it's just unbridled gambling and 99% will lose a lot of money to enrich the 1%

I also prefer the direct honesty of meme coins, over the obfuscation of extraction through speculation mechanics and narrative cycles.

But the challenge with permissionless networks, is that both will always exist, for better or worse.

Dogecoin did it best tbh, years of existing as a simple and fun coin to be a pretend millionaire 😂

And then you have crash games, a variant of zero-sum memecoins that embrace going to zero eventually, while creating a whole gamble mechanic around the timing of the exit

Glad you’re still here. Someone has to call this garbage out!!