Varun Srinivasan pfp
Varun Srinivasan
@v
Are memecoins good or bad? I think they sit somewhere in the triangle between buying pokemon cards and going to the casino and day trading. I don't personally don't do much of those things, but I understand the appeal and don't think we need to shame people who do it.
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Varun Srinivasan pfp
Varun Srinivasan
@v
That said, be responsible, ethical and don't spend more than you can afford to lose.
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timdaub pfp
timdaub
@timdaub.eth
btw not shaming memecoin traders mostly concerned with Ethereum‘s fee accrual coming from the memecoin industrial complex, more details: https://ethereum-magicians.org/t/how-can-we-steer-ethereum-away-from-exclusively-making-income-from-memecoin-trading/23276
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Max Jackson pfp
Max Jackson
@mxjxn.eth
I think NFTs sat between pokemon cards and day trading. Memecoins have almost no collector value. I'd argue they are almost exclusively speculative asset. I understand why people are building on them - more liquidity than nfts means more fees earned. But I think they are a net negative for onchain culture.
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Garrett pfp
Garrett
@garrett
agreed
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Brais.eth pfp
Brais.eth
@chi
Not good or bad by nature. It has their utility and maybe now it's too hyped. We will find a sweet spot, such as taxis and cabify
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krupali || chai pfp
krupali || chai
@krupali
I think people who know how to gamble and people who know how to trade memecoins have the ability to make their billions within a night. Ofcourse, their predictions are not always right and they lose too but it’s not everyone’s cup of tea. Same as you, I don’t do much of it but i know people who are crazy good at it.
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Vladyslav Dalechyn pfp
Vladyslav Dalechyn
@dalechyn.eth
❤️❤️
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Kaloh pfp
Kaloh
@kaloh
I like this definition Feels like a version of Pokemon / Casino for techies?
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Maretus pfp
Maretus
@maretus
If nothing else, they help highlight the absurdity of our current financial system.
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kriknato.base.eth pfp
kriknato.base.eth
@krikster
I believe that over time meme coins as we know them today will evolve. I see companies rotating into meme as rewards or ways to communicate with a particular community to advertise their brand or upcoming products.
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Chase Sommer pfp
Chase Sommer
@chasesommer
I think a lot of new things come off as stupid until they're not for context I'm a gamer and my whole life people have been telling me I'm wasting my time and I'm immature ... however, everything is becoming more and more gamified. Social spaces are now 3D worlds (Roblox, Fortnite, Minecraft, VR). So I think a similar thing applies to memecoins. Worth studying and experimenting with
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DeFiDegen pfp
DeFiDegen
@thedefidegen
talking only about memecoins is a bad thing it gives crypto the gambling tag around it there should be mix of utility and fun . its not bad its a fun experiment but solely focusing on it isnt good for the industry
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justlikeag6 pfp
justlikeag6
@justlikeag6
Actually chad take
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Mathieu pfp
Mathieu
@mathieuw
More akin to penny stocks than casino. Single players with large voices can dramatically affect outcomes.
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tygra pfp
tygra
@tygra
bad, but inevitable best things to do imo are ignore them, trade them and reinvest money into "real" things, or try find a way to make them less bad
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Swapnil 🎩 pfp
Swapnil 🎩
@sssingh
Memecoins have made crypto mainstream, but they've also ruined patience for real investments. Platforms like Pump fun have turned the market into a playground for insiders and influencers, leaving 99% of retail investors with losses. As memecoins flood the space, retail investors become hesitant to back genuine projects, risking the long-term growth of crypto. In the end, memecoins may bring short-term hype, but they’re damaging the ecosystem by burying good projects under a sea of speculation.
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0xZara.eth🎩 pfp
0xZara.eth🎩
@0xzara.eth
No shame in the meme game. Just gotta know when you’re playing a game. 🎲🚀
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TylerFoust🎩Ⓜ️ pfp
TylerFoust🎩Ⓜ️
@tylerfoust.eth
The main thing is freedom of choice, and the rest is a matter of taste 🤷‍♂️
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El pfp
El
@elxlee
We will ask the community in our next round of discussion with @jamai
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