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Roko
@rokomijic
I have a modest proposal for the crypto community Stop listing meme tokens on CEXs, stop listing them on token tracking sites, stop allowing them on frontends. Exception for lindy proof-of-work meme coins like DOGE that have a good distribution and support a miner network.
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Roko
@rokomijic
If the token took literally zero technical effort to make, isn't innovative and is a pure ponzi scheme then I don't think the rest of the crypto community should allow it. Such tokens are just a way for unscrupulous actors to extract value from uninformed retail and impose a negative externality on the space.
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Roko
@rokomijic
Fraudsters will still launch lots of fake projects, and that's much harder to stop. But having a line in the sand of "if your token is a pure memecoin with no attempt at even a fake usecase, we're not going to list it" is reasonable.
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Roko
@rokomijic
Fake projects impose less externality on the space because it's easier for a real project to compete with a fake project than with a memecoin. And fake projects have a less seedy aesthetic than an endless stream of increasingly derivative and unoriginal memecoins.
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