Memecoins are the worst thing to happen to crypto. A rigged game of hot potato. If you’re not part of the cabal, you’re their exit liquidity.

You should care because they suck attention, funding, and credibility away from everything that could be good and lasting.

Of course I’m biased. Memecoins take attention from DIMO. But that aside, I joined ConsenSys in 2017 because people were building new systems for voting, gaming, supply chains, payments, funding open source development, and fan ownership of sci-fi IP. That shit was inspiring.

It is a big deal Ethereum lost on memecoins. But the answer isn’t to try to go win it back — it’s 1) fix the *feeling* of fragmentation in the branding and wallet UX and 2) support the growth of inspiring things again.