Memes coins are fun.

But when they suck the oxygen out of the room and snag all the attention they become annoying.

I hope we do more this cycle than memecoins.

Good things about memecoins:
- More private keys in more hands
- Stress tests our infrastructure
- Gives memes a market
- Fun

Bad things about memecoins:
- Epic scams ahead
- Moves culture toward nihilism
- Distracts from real building
- Harm to crypto brand

Let's not overdose

And yes I do think institutional failure bares blame for this.

People memecoin because the US has turned the dollar into a ponzi.

People memecoin because the SEC won't allow our tokens to have real cashflows.

People memecoin because they see a rigged system all the way down.