ted (not lasso) on Warpcast

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ted (not lasso) pfp

ted (not lasso)

hot take: TAM for memecoin trading is quite limited relative to real-world use cases global retail trading market is $5T and highly fragmented vs cross-border payments alone have a market of $156T Pew Research found only 15% of US adults expressed interest in memecoins vs 80% in blockchain for practical use cases

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ted (not lasso) pfp

ted (not lasso)

additional note: apps like Yapster (s/o @salvino) can expand this TAM, but few teams think like his.

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Tony pfp

payments payments payments https://warpcast.com/0xt0ny/0xf12eafbb

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matthewb.eth pfp

70-80% of US adults have gambled at least once and 50-60% do so in some form each year, so I think the TAM is pretty large for memecoins I think your point on remittances is valid though, just doesn’t answer why apps like Moonshot are growing faster than payment apps. or perhaps the latter’s metrics are understated because we need to look at stablecoin flows themselves, not just the app layer.

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Giuliano Giacaglia pfp

Giuliano Giacaglia

I don’t think this is right. Memecoins are a new primitive and we have no idea how they are going to be applied or used. It could be an enormous industry

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Toady Hawk pfp

I feel like this might be a case of stated versus revealed preference. Nobody wants to say they love memecoins in a poll, but when they do come onchain, it seems that speculative applications of the technology are more often than not the hook.

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woj ツ pfp

biggest stated / revealed in the history

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Dan Romero pfp

Cross border payments are a low margin, mostly enterprise (by volume) use case Trading is high margin and consumer

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𒂠_𒍣𒅀_𒊑 pfp

𒂠_𒍣𒅀_𒊑

I keep thinking about the R/R curve (I'm sure many degens are intuitively familiar with this https://youtu.be/8TJQhQ2GZ0Y?t=1295) crypto is ridiculously jagged due to regulatory/counterparty risk. local gatherings are an opportunity for trust networks, which are opportunities to capture remittance market share.

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Zach pfp

I'd be curious to hear what the top-mentioned practical use case was for that 80%.

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Monteluna pfp

Just wait for the Beyonce memecoin.

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REN2140 pfp

What’s the TAM on gambling tho?

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Shihao pfp

meme coin is one of the few places where some teenager can ape in $100 on his phone, and somehow end up with life changing money (like ~1 million). I don't think stock market can do that

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