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phil
@phil
I’m torn on memecoins. They legitimately feel like a fun new social primitive. Addicting and always something new to talk about with friends. They’re also a zero sum attention vacuum. I don’t feel good when I pay attention to them. Memecoins: passing fad or glimpse of the future?
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tldr (tim reilly)
@tldr
Interesting to compare them to sports communities. These also bind people together based on a shared hope But w memecoins, membership seems too cheap (from a signaling perspective, all you have to do is buy a few coins, not even at the exclusion of others) and the payoff too transferable (profits taken, losses cut)
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