2020: defi summer
2021: jpeg summer
2022: fraud summer
2023: unclear what happened during this time period tbh
2024: social summer? memecoin summer?

unpopular opinion - with the direction we’re heading right now towards memecoin summer, it feels too reminiscent of 2022 (I’m taking your definition of 2022 at face value)

i think one thing that differentiates memecoins from 2022 ponzis is it's pretty much fully retail driven, so there's unlikely to be huge institutional blowups like in 2022. but i do think stuff like these presale rugs etc are not a great look for regulatory eyes

HIGHER

yeah it's fairly complicated i guess. on one end, stuff like the racist solana memecoins, is straight up a setback and a bad look for the industry

but then stuff like $degen or /higher (biased to both tbf) i think are leveraging tokens as primitives to create new onchain behaviors. imo that pushes things forward

agreed.

and regulatory seems to care more about retail than institutional - or at least that’s their mandate.

so mostly i question if is actually moving “the space” “forward”

(arguably any movement is forward movement?)