memecoins are just prediction markets for attention

Building FOSS via @frames, /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

Like your point, but to be a nerd:

Unlike coins, prediction markets are not lotto tickets. Finite upside. This makes a pretty big difference in (1) the owner’s experience on the inside and (2) the precision of the market signals to the outside.

building /bracket | talking /greatbooks | ex-BCG, ex-PHD | poli + phil + econ

Yeah if you generalize the definition of "prediction markets" from what's commonly accepted, I agree with you.  For now they are pretty much synonymous with yes/no contracts.

(I have been working on the "prediction markets" you are talking about for over a year ;)

*the current prediction markets you're thinking of have finite upside, the memecoins prediction market doesn't