timdaub
@timdaub.eth
The memecoins that made people money on here were technical innovations - Clanker (intrinsic value of the launch pad) - Degen (tipping on FC) - etc All other pure memecoins were pure luck if you exited them profitable.
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Mac Budkowski ᵏ
@macbudkowski
DEGEN is an interesting case because they airdropped a big part of their supply to Farcaster users. They still do it via tipping. So you haven't even needed to buy it to join the party, contrary to other coins.
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JR ↑
@juli
they performed better because Farcasters & big crypto investors like to buy into utility, good KPIs, good stories & CEX listings (degen as farcaster payment coin; tipping is just a distribution tool - no value accrual; one could even say degen building an l3 destroyed value) People also lost more money on Anon & tech builder (meme) coins due to believing in serious project & value than in a pure meme. At this moment you may also realize that there’s no difference if you start as a 0 value meme or as a high-caliber tech project and it simply depends on the founders, the community what is built, what value is created, captured, forwarded and the line bw meme<>utility coins is blurry (which makes it so dumb to generally shit on memes). None of them forwards revenues to holders so far. Some have more utility & demand drivers than others. I’ll happily back good teams, fair-launched (meme) projects, ambitious projects, real value-add - if I see upside. Not a fan of overpromises or private invests in crypto.
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