hottakes

Memecoins are great for your chain to look like they usage. But it just perpetuates the casino, and keeps crypto as an insular industry.

Degen gamblers can be okay in moderate doses But when they are the largest group using the chain, this adjusts the public perception and the crypto's culture, and leads to many of the other negatives that we have seen play out over the last few years.

Degen gamblers can be okay in moderate doses But when they are the largest group using the chain, this adjusts the public perception and the crypto's culture, and leads to many of the other negatives that we have seen play out over the last few years.

https://vitalik.eth.limo/general/2023/12/28/cypherpunk.html

Chasing Curiosity. Pluralist. Empathetic Accelerationist. Founding Fullstack Engineer @icebreaker. YC S16, KB7. 
icbk.me/tayyab.fc

(quote edited down to fit in cast, but essence was retained)

I completely agree. I’ve had it with these speculate meme coins: 

$1000 $DEGEN

sad reality is that most people don't actually believe in it, they are in it to make money 😔 

only a small minority believe web3 allows us to imagine a brave new world

(stated preference vs revealed preference)