Venkatesh Rao ☀️
@vgr
Has any AI-generated memecoin done anything interesting as yet? Actually… has *any* memecoin, including the pre-clanker ones? What’s the actual difference if any between memecoins and more laboriously launched coins from previous cycle?
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rafa
@rafa
the diff is probably speed of deployment, but I think outcome is the same (eg no diff than Doge or XRP for the time being looks like) deploying fungible tokens with immediate trading liquidity, fee sharing, without market makers — that’s pretty new
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Venkatesh Rao ☀️
@vgr
So basically lean startup for coins
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rafa
@rafa
Yes, I think basically, as a collective, we’ve almost completely automated the basic token stack (call from Feed, immediate liquidity and trading, protection from “snipers”, creator splits) although there are a couple more amendments likely, like automatically creating a treasury that I suspect will come soon.
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rafa
@rafa
But as you said, once a token crosses the chasm (to non-zero survival like a few recent ones such as Lum, clanker, blonde, anon etc.) the question is what do they graduate into? The anon one created anoncast, where people with token can now tweet anonymously through account. Not really a “product” but seems inevitable that with the speed of deployment, then next will be some weird automatic product development I think that goes viral through the token itself
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