A lot of people hold up memecoins as an example of how scammy and pointless crypto is. 

But the paradox is that you need blockchains for memecoins to exist. If memecoins are social-economic games, then you need to a platform that enforces the rules of the game consistently and has global reach.

Its easy to tell whether we're in a bear market or bull market just by looking at how full my calendar is.

Saw a bunch of social networks come and go while I was at Facebook for most of a decade.

Downtime due to rapid adoption is generally very bullish for social networks. 

Most products never get to that point, or they over-invest in infra too early and never find the right product.

Despite being in crypto full time for coming up on 6 years now, it continues to surprise me how small and interconnected this space feels. 

It really pays off to play the long game, try to help everyone, and be careful about making enemies.

This is the part of the cycle where a everyone who joined crypto 2021 switch from "we were wrong" to "we were too early."

GP @electriccapital. DeFi enjoyoooor. Casts not financial advice. 

Ken Deeter

@puntium