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22 sats \ 1 reply \ @TheBTCManual 4 Jun \ on: modern memecoin culture is shaking my faith in humanity bitcoin
Meme coins can for sure be a black pilling moment for anyone who understands bitcoin, but to me, all these other "serious" projects are just another version of a meme coin too, meme coins kind of rip the vail off all the bs and is more honest, like hey we know we're doing nothing of value, we're just speculating,
I think if there wasn't a meme coin culture this capital would just go into gambling, sports betting, MLMs, influencer courses, penny stocks, or the stock market, there will always be a sinkhole for dumb money
I see meme coins traders as people who are nihilistic about the system and rightfully so, they're just picking the wrong medium of showing their frustration.
In the end it, all these "invesments" are going to zero, like a lot of zombie companies and take peoples capital with them, its unfortunate, but people have to learn the hard way for the lesson to stick
You are right, I had similar thoughts that meme coins are in their way even more honest than ‘serious’ projects. However, while I consider Ethereum a shitcoin and almost all projects running on it mostly bullshit, I have sympathy for some developers who are intelligent and exploring new ways (even if their conclusions are not correct in my personal opinion). Point being, I think that there is some good in what they do while for meme coins I struggle to find that ‘good’.
And my main aversion to it is really not so much to what they are but rather the degeneracy that is gathering around it.
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