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Yep, there are thousands of pointless projects/tokens with sole intention of getting rich (quick?)
There are also thousands of startups that fall apart not making it to public, potentially waisting not just ones energy and time, but funds too.
And there are thousands of startups that can’t find pmf.
Many and many of them made with sole intention to get rich.
Some eventually shape their vision with time, or simply fall apart too.
There’s an incredibly small startup success rate with lots of nasty funnels in the way.
I view it as a short-term iteration over long-term landscape.
Meme is also an idea. Not many ideas are great, and not so many people behind them are. Some want to scam you, rug you, leave you broke.
People need instruments for clearer view, better analysis. Like pumpfun adding bubblemaps was a quite positive change.
Not so ideal, but a good first movement.
Without failed projects/scams/rugs/<name it> we’d probably iterate much slower, and it’d be hard to separate good from the bad. 1 reply
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