I was thinking today about the whole GME thing. I realized my perception of those WSB bros is nothing special, they got lucky on a once in a lifetime phenomenon. Yet my perception of people doing well on memecoins is that these people were early to Internet Capital Markets and are now being rewarded for having Conviction and Belief. And then I realized most people’s perception of memecoins is just equivalent to my perception of GME/WSB

fwiw i interpret this as me being wrong about gme, not me being wrong about memecoins.

can confirm after interviewing 50+ noncrypto people about their take on memecoins

It’s funny that the stock went up when the rich guys were betting it would go down