Degen

as much as the rise of $HIGHER in a relatively intellectual community like farcaster is fascinating to me, i can’t help but stick with the more rational $DEGEN $QUIL infrastructure play. 

seems to have way more predictable upside over the long term

/bettik founder /outercorps stalwart | ex-binance, ex-celsiusX

Sounds like you are saying “utility” is more valuable than a meme?

in the long timeline, yes. in all timelines utility is simply more predictable because it has fundamentals to consider, so overall risk is lowered

interesting. i'd like to know how you read pure memes because they are far more unpredictable in my experience.

anyone can create memes / memecoins, so not only are there far more of them, but initial virality based on source and effort is usually not predictable. however, because utilities are more durable and are expected to provide some type of value, they are not only harder to create (and therefore less prevalent) but they are also more measurable based on origin (the team), target audience, value provided, and network (funding, industry growth rate, etc)

This isn’t how I see it. I agree that utility is more predictable but everything w utility is also a meme. So now you’ve got two factors to consider which I find harder to read

oh man, you're so going to be surprised ...