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ted (not lasso)
@ted
half-baked thoughts on current FC memecoin mania (of which i am a passive participant): the key difference b/w what's going on here vs pump.fun / X is our access and exposure; we get to be early and early more often because AI has made it easy for anyone to spin up a memecoin and get distribution all-in-one. more early access = more wealth, so ofc it will be embraced esp by those getting early access; there are still in vs out group dynamics. otherwise, its the same primitive (casino) just with enhanced features that improve trading efficiency; the built-in social context makes us trade more quickly and confidently bc we save time not switching from tiktok to X to pump.fun, verifying social handles, etc. degen and anon are most interesting to me due to their application (innovation; social tipping + zk account access) and integration (growth hack). note both were airdropped based on proof of commitment: degen for early active FC users, anon for supercast paid users. these are exceptions, not the norm.
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tomu
@tomu
it having its time here because we made it social. it's much easier to create, much easier to check if your friends are in, and much easier to buy. for me, besides those tokens that innovate, there will be some creating cultural moments - most likely only inside our farcaster niche ecosystem - but tokens are now tools for storytelling, attention, and social engagement
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ted (not lasso)
@ted
exactly, easier = better access and exposure tokens were always tools for all the above; we just have better access, exposure, and UX to do it now also much of this was enabled by @interface copy trade and @frens trading group chats as well — plus a bull market many factors at once but none net necessarily net new
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