Are memecoins good or bad? 

I think they sit somewhere in the triangle between buying pokemon cards and going to the casino and day trading. 

I don't personally don't do much of those things, but I understand the appeal and don't think we need to shame people who do it.

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

Memecoins have made crypto mainstream, but they've also ruined patience for real investments. Platforms like Pump fun have turned the market into a playground for insiders and influencers, leaving 99% of retail investors with losses. As memecoins flood the space, retail investors become hesitant to back genuine projects, risking the long-term growth of crypto. In the end, memecoins may bring short-term hype, but they’re damaging the ecosystem by burying good projects under a sea of speculation.