Nearchos

Published a long form criticism about the re-emergence of memecoin trading here

https://news.kiwistand.com/stories?index=0x67e3b4d2778a8046935e5fd800067cfcd89719fea2d34e6f03e18405cdf5e9b5d2ae8fcd#0x67e40a67608e6848908e2e21184225965fb29a931afce19a7308d8162fd46b3c45b9044e

Very well articulated criticism of why meme coins are not an "investment vehicle" to support early dev projects. You have to look at the power dynamics to fully grok it: 

- platform is collecting most of the trading fees
- asymmetric information benefits extractive trading
- "investors" have zero rights, guarantees, or protections 
- projects that are better at stimulating drama that causes trading generate more revenue than projects that just focus on heads down grinding
- zero revenue potential for the meme tokenomics means inevitably no return on investment unless you do extractive trading
- the more committed you are to helping the project the more likely you are to end up dumped on in the end

The system is designed to make sure the system profits. Just like any good casino, the house always wins.

Revnet

Spot on, its why I'm so optimistic about /revnet 

It aligns everyone involved without gimmicks - primer here https://jango.eth.limo/9E01E72C-6028-48B7-AD04-F25393307132/

cc @jango.eth

🧃⚡️🍌 ⏩ https://jango.eth.sucks

I like my money onchain, my web content peer-to-peer, my world in love, my ended’s open 

editor https://lowercase.cards/ moderator /lowercase

Solid start to a framework. I'm intrigued! I've seen similar ideas around taxed entrance/exit, but nothing that has resonated fully. 

I'm interested in exploring this, however, so I'll take a closer look if there's more to dig into already!