polynya
@polynya
Crypto has already achieved "mass adoption". It's an integral part of the global economy, with two established usecases: a) BTC & ETH as alt assets b) Stablecoins + several more niche usecases, more coming Desperately fawning over racist memecoins & trashy celebs is wasteful, focus on improving a) and b) instead
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Leo Simon
@leo5
Memecoins are just organic predictions markets
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czar
@czar
What are examples of memecoins that served as organic prediction markets?
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Leo Simon
@leo5
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@thumbsup.eth
This is more likely to be predictive of the value of these particular tokens and their memes than the IRL candidates
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Leo Simon
@leo5
It's event driven like a prediction market, it just has more upside/downside & liquidity
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@thumbsup.eth
But that’s still a bit presumptuous. The way markets react out of self interest means that as people who are correlating interest to invents buy in, and the market starts to move, it will be exaggerated, and similarly people selling out while it’s high will also counter this narrative. True prediction markets involve clear parameters for success or failure. So I think you could say they are very loosely correlated to prediction markets but they are not, themselves, prediction markets
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@thumbsup.eth
*interest to events
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Leo Simon
@leo5
They are not 100% accurate prediction market, yes But prediction market never found a real PMF - and usually works only for high volume, kinda like memecoins
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