How are memecoins going to go wrong? 

What’s the key insight or pieces that have staying power and what’s smoke?

CEO & Co-founder XMTP Labs, building XMTP. Message me here: https://converse.xyz/dm/shanemac.eth 

Rugs giving space a bad name.
Community fails to evolve & create ‘episode 2’ after successful pilot. 
Abusing offchain point system & accidentally f’n valuable network participants. 
No path to liquidity beyond lp rewards. 
….

the ones that will stay will be the ones that create a brand/network and allow for things with substance to grow around them - e.g. Degen with apps and the degen chain