matthewb.eth
@matthewb
a lot of memecoin critics don’t realize that the quiet part they’re saying out loud is “I don’t find the utility of making money very useful” which says a lot not a good or a bad thing, it is what it is
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alex
@proxystudio.eth
I'd love to read a great, anti-memecoin article. someone should write a criticism with real teeth, something nuanced, something that makes me blush & feel something think its a harder task than people might think: doubt most would say "buying coins is bad" its more we're buying the wrong ones. we'll get a pro-crypto, anti-memecoin backlash thats more meaningful eventually, but I haven't really heard anyone articulate a positive vision for blockchain, but not lots of random coins backed me a hope & a dream there is a vibe that is undoubtably "family money or venture backed project" to some of the criticism. but I think the impulse is sincere, people want us to be relevant, and financialization is not without its...discontents regardless, it would be good for our industry if there wasn't such singular attention on memes. but the big question for anyone who wants that is... so why crypto at all? maybe the best memecoin critique is secretly just a really good answer to that question
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matthewb.eth
@matthewb
this is a really good reply, thank you yeah I don’t think we have seen very many truly thoughtful critiques. I think I could write something compelling for both sides of the argument, but to me you’re either down for permissionless systems or you’re not. if the former, you won’t like everything people do with the infra and that’s okay. if the latter, then why are you even here? to me the only real rebuttal to memecoins is to build an incredibly successful crypto app that leaves pure speculation in the dust. it just so happens that speculation is a pretty good use case, so this is really damn hard.
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