tldr (anon on main)
@tldr
🌶️ I don't think memecoin traders are in it for a "profit" any more than lottery ticket buyers are. They're spending money to chase the thrilling idea that their life might change not by a little bit, but by a lot. Looked at this way memecoins are just products. People are fine w spending money to use products?
11 replies
9 recasts
92 reactions
ted (not lasso)
@ted
my hot take is that this is a boring take… feel like this was consensus in March and April when $degen first exploded the most interesting thing about memecoins has been the application of them, the output of which is more innovative than the memecoins themselves
2 replies
0 recast
2 reactions
tldr (anon on main)
@tldr
Agree on second point. I don't think what I said above is consensus (see df's post that I was quoting – the general sentiment is that most people losing money in something means that thing is morally dubious or maybe a scam. I dont know what consensus is on FC)
1 reply
0 recast
0 reaction
ted (not lasso)
@ted
my interpretation of the tweet he shared is that the guy is reminding people that most people either lose money or make minimal $$ from memecoin trading; the same way Instagram is a highlight reel, people only really share their trading wins (not losses) on the TL anything more than that is a reflection or projection
1 reply
0 recast
0 reaction
tldr (anon on main)
@tldr
Same guy, same thread: "Memecoins are nothing more than a cancer to our industry." https://x.com/crypto__kermit/status/1859231949564563875
1 reply
0 recast
0 reaction
