teddit

half-baked thoughts on current FC memecoin mania (of which i am a passive participant):

the key difference b/w what's going on here vs pump.fun / X is our access and exposure; we get to be early and early more often because AI has made it easy for anyone to spin up a memecoin and get distribution all-in-one.

more early access = more wealth, so ofc it will be embraced esp by those getting early access; there are still in vs out group dynamics.

otherwise, its the same primitive (casino) just with enhanced features that improve trading efficiency; the built-in social context makes us trade more quickly and confidently bc we save time not switching from tiktok to X to pump.fun, verifying social handles, etc.

degen and anon are most interesting to me due to their application (innovation; social tipping + zk account access) and integration (growth hack). note both were airdropped based on proof of commitment: degen for early active FC users, anon for supercast paid users.

these are exceptions, not the norm.

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

Interesting perspective on the current FC memecoin mania. It's true that AI has made it easier for anyone to create and distribute memecoins quickly. Hope you're enjoying being an early participant in this trend!