Dan Romero
@dwr.eth
Massive Overton Window shifting events create massive new surface areas for opportunity. Will be a chaotic, weird and exhausting year. Buckle up.
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sean
@swabbie.eth
I’m not sure memecoins is the shift we want. It was supposed to be crypto reserves and institutional DeFi. Those things can last and be positive-sum.
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Dan Romero
@dwr.eth
The shift is “everything that can be a token will be a token”. Memecoins are just the beginning. This will force regulatory overhaul in US which is the single biggest thing holding back crypto as an industry right now.
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sean
@swabbie.eth
rugpulls don’t help regulatory reform. BitConnect was not good for the industry. Luna was not good for the industry. Not every popular crypto program ends up positive for the industry.
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matthewb.eth
@matthewb
how is $trump a rugpull? use specific examples please
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sean
@swabbie.eth
no other reason for 80% lockup on a memecoin with no utility than to sell from the vast pool you FOMO convinced a bunch of other people to pour their money into and that you own most access shares to this logic applies even with a lockup period. the only caveat would be if they add utility to it before substantial lockups expire
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Maxbrain Capital
@viybz
no reason to rug when you have an FDV of $60B...you essentially do anything in your power not to rug? but maybe idk what im talking about.
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sean
@swabbie.eth
They aren't just going to leave the money sitting there - the token does not represent some value-added process or means of exchange for work done. They either add utility to it or it's just a giant pot of everyone's dollars and it's a game as to whom withdraws first while gambling that the pot could get bigger.
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matthewb.eth
@matthewb
so because they will sell their allocation it’s a “rugpull”? following that logic, every VC-backed project of the last several years is also a rugpull.
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