https://x.com/crypto__kermit/status/1858852191638892664?s=46

🌶️ 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?

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

certainly a spicy take :D

I'd say 100% of memecoin traders are in it for the profit.

Creator of /sands-of-sumaii - the Farcaster MMORPG | Game Designer

"Profit" is thought of in econ terms (eg, "Revenue > Expenditure?")

My point is, memecoin traders are not trying to simply make 50 bucks (a "profit"). They want the chance to win *50,000* bucks and are willing to lose $500 to do it.

I consider this $500 paying for the "product" of a chance to change their life.

i think 98% of participants look at it as a lottery ticket
but the two percent that try to actually trade it are the the ones that are positive EV at the end of the day tbh