tldr (tim reilly)
@tldr
🌶️ 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?
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Chase Sommer
@chasesommer.eth
certainly a spicy take :D I'd say 100% of memecoin traders are in it for the profit.
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tldr (tim reilly)
@tldr
"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.
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tldr (tim reilly)
@tldr
curious what @undefined thinks
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Paul Duca 📚
@paulduca
There are probably a variety of profiles. From the places I see, there is a mix, but I don't think you are wrong that most are looking for "life changing"
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Chase Sommer
@chasesommer.eth
I suppose like profit in terms of a balance sheet, you're correct because memecoin traders most likely aren't tracking losses/expenses... they only count wins Exact same thing as lottery as you mentioned. I'm probably misreading your original point :P
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WoszczynaWiesnowski.eth
@twobrooklyners
No different than playing slots on the Vegas strip. Not saying that it's bad (or good)... just that memecoins are one-armed bandits of web3...
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