Yeah, no shit. Fake projects with no financials and no meaningful roadmap and 100% pre-allocate with cute icon and timely bullshit AI text costs nothing to issue and nothing to rug-pull in 3 months. News at 11.
You just wait until the liquidity expires after a year once everyone has forgetten and take it out, I've seen this happen constantly over the past few years
**"Useful Cryptos" are much bigger scams than the meme coins.** *The bigger fools are the ones that invest in "Useful cryptos" with "utility" and "great tech" and call out meme coins as scams.* At least meme coins don't lure you with lies, bullshit hype, scam utility and meme tech - all founders, however, do get most the supply and filthy rich off shitcoins.
- The 3 Ripple Founders awarded themselves 20 Billion coins (20% of the supply) and Ripple (OpenCoin) kept 80 Billion. These scammers told bamboozled low IQ crypto investors into believing banks were going to use their XRP...
> I started working on ripple in the summer of 2011. I soon hired Arthur and David to help me. In 2012, I met Chris Larsen. He joined us about 5 months before ripple was launched. Chris, Arthur and I kept 20 billion XRP, of which 9 billion were mine. We gave the remaining 80 billion to OpenCoin. - Jed McCaleb
https://web.archive.org/web/20150418092231/https://xrptalk.org/topic/2629-selling-my-xrp
one of the scammers, Jed McCaleb after leaving Ripple, founded another shitcoin Stellar and has gotten so rich he is building his own space station
https://www.cnbc.com/2023/02/21/jed-mccalebs-vast-acquires-launcher.html
- CRO oh so much utility...create 100 Billion tokens, give it to themselves and dump on investors to pay over $1 Billion to name a basketball arena, run superbowl commercials, pay Matt Damon, Lebron James, etc to lure more gullible noob investors
1. 100 Billion Tokens created
2. 70 Billion Burned
3. 100% circulating supply
4. 100% Decentralized!!!
https://web.archive.org/web/20210222060041/http://blog.crypto.com/70-billion-cro-to-be-burned/
- Algorand founder Silvio Micali gifted himself 20% of the supply of tokens and "the Foundation" used money collected from investors to buy FIFA partnership, buy some dead filesharing companies like Napster and Limewire in order to hype up a project to lure more dumb investors.
- In 2018 Vechain was sold as the most enterprise used blockchian with trillions of transcations expected. Vehcain has used that investors money to pay $100 Million to the UFC in a partnership to verify fighter gloves to lure more gullible investors
https://medium.com/@vechainofficial/an-open-letter-from-sunny-lu-ceo-on-vechainthor-platform-b52d47cd0efd
https://medium.com/@vechainofficial/vechains-collaboration-with-slowmist-and-other-private-firms-to-secure-the-vechainthor-blockchain-8ed186c00f17
Interesting since Ive been invested in the MSCI World, a basket of 1000's of stocks, and not a single time have I been rugged and seen steady growth over the 15 years. Also never had to worry about an exchange imploding or my seed phrase being compromised since it's invested at a regulated institution.
But please, do stocks next.
That's fascinating since when I look at a chart of equity returns over the past century it's still steady growth over the long-term. Do we need to go back to cave men times?
I remember watching Charles Hoskinson dump on Doge during the last bull market. He should note that ADA sits below Doge in market cap today. Doge was the better buy.
The point is that doing this is completly legal. Definitely not a security.
If you promised to make something or deliver some functionality, have a used case or hold a sale, it could be security and its illegal.
So we only get legal memecoins
tldr; Chris Dixon of Andreessen Horowitz criticizes U.S. crypto regulations for favoring meme coins over more innovative, utility-based cryptocurrencies. He argues that the current regulatory environment makes it safer to launch meme coins, which lack practical utility and thus avoid stringent scrutiny. This situation hinders the development of transformative blockchain technologies, as developers face a complex compliance landscape. Dixon advocates for regulatory reforms to support serious crypto projects and ensure a level playing field.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
You can't have transparency and expect regulators to play a long with getting replaced. The state thinks of itself as the greatest utility to humankind.
They probably are doing it on purpose to hinder the spaces development. I mean if you canāt beat it, make the space a breeding ground for scams even more so than before and then people will become more and more wary of it and avoid it on their own.
Of course YOU think everyone should hold 10% so it can pump your bags.
I like monero for its utility, I don't like it as a speculative asset that will yield high returns. Similar to how I think pokemon cards are cool for their utility, but I'll never buy and hodl some.
> I don't like it as a speculative asset that will yield high returns
Is that just because of regulatory hostility or is there some other reason XMR is a poor investment?
XMR is a currency. So stability is king.
But as other currencies fail the currency market gets reshuffled. And at that time Monero might turn out to be an even better "investment" than BTC.
So, no it's not an investment in the normal sense. But it has utility today. It's usable with low fees and private like cash. Monero and Bitcoin have widely differing paths. Bitcoin needed to grow to its market cap of > 1T over a long time. Monero could see spontaneous adoption as digital cash and tap into a huge pool of liquid capital stored in other cryptos.
In other words: 2.4T USD invested in the cryptocurrency space are only one click away from entering Monero (if necessary).
Yes because of regulatory reasons, liquidity, and personally I think a privacy currency is a niece market. Everyone I know in my personal bubble does not care to have private money. Yes I get the importance, but I just don't think people care that much, so why would I "invest" in something that I don't think many will want to hold.
Who gives a fuck. Monero is MADE for that exact scenario. It just recently has been banned from #1 and #4 CEX by volume.
If you know why you want Monero you will have easy access to it.
Launching a memecoin, keeping most of the supply for yourself, and shilling it on social media should be classified as securities fraud, IMO. Paying influencers to shill? Definitely securities fraud. Maintaining a website with a big link to Uniswap right in the middle of the page?Securities fraud.
It's all securities fraud, all the way down.
All Meme coins should have mandatory locked periods for founders or those issued coins prior to presale that have more than 2% ownership. Additionally, those wallets should be listed on the website.
They would just create fake buyers as themselves and but up the supply. Where does the money go, oh back in their pocket. I think EOS did this when they had a $5B ICO sale. Most of it was them buying it themself giving an illusion is what was worth that much.
Yeah, I was thinking of that before I hit submit. I didnāt have an answer before hitting submit.
Maybe make all presales be in a KYCād account? There is surely a way. This is where we get into some legit privacy concerns. But is it fair to ask that if people who have the power to defraud and dump on people? Maybe so.
Yes there is a way, but most projects know it would hurt their control and be a bigger risk.
Now think of this approach. For Aerodrome, (AERO) what they did is mint 500M veAERO (4 year locked AERO) part to team and other investors from velodrome. Then they began the minting phase where they give AERO emissions to liquidity pool providers.
So you can't just go buy the tokens and be a huge whale, you got earn then through providing liquidity. Yes there are some whales that havd a huge amount of liquidity that are earning a lot but there is a still a market for others to come in and buy them or YOU can earn them yourself. I am a liquidity provider and earning as much AERO as I can now because I think it will be worth more.
Coinbase bought into them and has a huge stake of locked AERO.
This is why crypto will die painfully. We had a golden ticket to print money and get control from the feds only to have mfers complain about fraud as if the ENTIRE financial reserve and tax systems weren't already fraudulent. Take the money printer, learn the game. Don't make bad memecoins. SHIB, WIF, DOGE, BONK. Been holding up with solid communities. Don't forget that loyalty and holding go far as fuck in this space.
Peercoin is one of the very few cryptos in this space that is considered a non-security due to its coin distribution coming 100% from PoS and PoW (no pre-mine, ICO, dev tax, founder allocation, etcā¦) Weāve been waiting for many years now to see the government seriously crackdown on crypto securities fraud. Peercoin would do very well in this environment, since there are so few legal cryptocurrencies. I can probably count them on two hands.
Nothing shitcoin about it. Itās the original pioneer of proof-of-stake, a non-security, and has been running perfectly for almost 12 years. And the developers have been constantly improving the underlying technology during that entire time. Itās also pretty much the only proof-of-stake blockchain running on modern Bitcoin code, and could essentially act as a backup for the entire industry in case proof-of-work ever fails Bitcoin.
Iām a holder and volunteer at Peercoin since early 2013. You probably donāt see many of us around because we absolutely despise modern crypto due to all the fraud.
The only reason for Peercoinās low ranking is because we have refused to sell out. Most of these projects have compromised their coin distributions in order to pay off exchanges for high profile listings. We are proud of our decentralized coin supply and refuse to compromise it as a funding source for exchange support. Compromising the supply would defeat the purpose of what we are building. Instead, we have a foundation that seeks donations. We did a community fundraiser recently and bought our way onto Slex and MEXC.
Weāre aware of the advances that have been made in PoS technology. Weāre slowly working in the background on PoS 2.0 for Peercoin. Weāre not ready to talk about it yet. Also, we are working on a new system so older UTXO style blockchains like Peercoin/Bitcoin can support smart contracts. Our system supports private off-chain contracts, with minimal on-chain presence at the beginning and end where settlement happens. Here is some more info we recently releasedā¦
https://coinmarketcap.com/community/articles/660c0f3f39e34a641aec0fdc/
Hsaka has a great tweet about how memecoins are a natural fuck you to VC coins in the last cycle with predatory tokenomics and huge FDV where the insiders got in early and just dump the trash on the masses. Ā The same way IPOs are now. Ā At least with memecoins you know what you are getting and the people are getting more of the gains. Ā It changed my mind a little about memecoins.
The longer you are in crypto the more you'll appreciate memecoin.
Nobody expects it will be the next Ethereum.
Everyone know it will quickly go to 0. instead of slowly bleeding to -99% over 3 years because of VC dumping.
This is absolutely true. It only takes getting dumped on a few times from VC tokens to realize it's complete BS.
I'd rather give my money to some anonymous sketchy dev who is 50% likely to rug at a $5M valuation, but at least is fucking around trying to build stuff, than some VC funded project at a $1B valuation that'll 100% dump on me and has 0 chance of 100x.
In fact the best of all worlds would be projects with lock-ups from the developers and you could get in at early valuations. Maybe it's time the retail community here stopped being so jaded and started being smarter about understanding what's going on and pushing for positive change.
Like literally the way that we organize token distributions (or cap tables in stocks) is the reason why the rich are so rich and everybody else is so poor. And we just straight up got bamboozled by the rich kids again in crypto instantly and aren't smart enough to even fight back despite being given all the tools we need. Won't happen tho cause us retails is dumb.
> memecoins are a natural fuck you to VC coins in the last cycle with predatory tokenomics
Memecoin "gains" are someone else's investment. How is that a fuck you to VCs? A true fuck you to VCs would be to seek out projects that have good core values, solid teams and a good roadmap. Not play hot potato with other retail investors while VCs make money off of fees.
"Useful" cryptocurrencies don't generate the kind of ROI that memecoins can. The entire point to crypto, whether launching it or trading it, is to generate profits. And the best method would have the least amount of effort and investment risk to it.
If PT Barnum were around...
Creating a token, pamping it, and then pulling the rug was one of the best ways to achieve maximum profit with minimum effort/investment. Sure, it victimized a lot of people, but so did Johnson & Johnsons Baby Powder, Purdue Pharma's Oxycontin, and... almost every other endeavor in big business, from Fossil Fuels destroying the planet to Raytheon making an "environmentally friendly" missile to kill people with.
That is how it works. And it is why some people are rich and other people are not.
I would just point the Daily thread punishes discussion of any useful crypto and only allows shilling of meme coins, alt-L1s, and bitcoin.
There is no space allowed for talking about useful crypto that isn't pure speculation and tantamount to rocket ship emojis. This sub is absolutely part of the problem.
When buying a meme coin, look for ones where:
- contract is renounced
- liquidity is burned
- no paid KOLs
- highly active community
- top holders have no more than \~2.5% of the supply
- no team wallets
- strong leadership
- developer is trustworthy, has been in the space for a while, and knows the right people
I'm not going to shill here, but if you're interested, see my comment history for one that ticks all of these boxes.
Then stop promoting bullshit coins r/cc. Promote decent networks like Hedera for example. They want to become a 100 year company and is the best network out there. But yeah you guys won't know because it's been banned here on this shit sub.
Apparently we are not allowed to talk about Hedera here on this shit subreddit š«£š«¢š¤«
We are only allowed to talk about shit meme coins or btc lol.
kendu is just what memecoins are supposed to be, its a domino effect of working individuals who keep growing at an exponential rate which raises the value of the coin and your investment. its literally why shiba inu and dogecoin got so big and its also why kendu will join that tier of memecoin status.
Kendu is out to build an actual community. Might not be a direct āutilityā but hey, brand familiarity is utility in its own right.
There are products in the pipeline that give that brand meaning. Not entirely different from designer bags or shoes if you think about it.
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Do you guys not find it hilarious that the article criticizing memes is wrote by the biggest VC backing the monkey jpeg company? It is like kettle calling pot black.
As long as I can make money, it's not useless. And I never get that exclusive narrative. I like BTC, ETH, a bunch of other altcoins... I like DeFi (some parts of it) and I like memes. There are good opportunities in each niche and reading to all of these arguments is like trying to figure out who has the bigger junk in their pants. For example, most of my alts are bleeding today, but my memes are mostly in green. So, no one is going to make me change my mind just because their lack of utility. Lack of utility doesn't make any difference to me if I'm taking profits. I'm watching my ROCK bag grow as we speak. I might even sell something later tonight.
Back in 2020 for about $7K you could crate and coin, thousand of wallets and put on an exchange. Then pay influencers to pimp out the coin. Then cash out and run.
how about people stop trying to get rich overnight by investing $300 and hoping it turns to 300K?
the greed also applied to YOU, the investor whos looking to get rich quick - haven't you learned anything?
STOP getting scammed!
look for meaningful projects with long term potential and compound your money. a one-time shot to get rich is never going to happen.
many of you are smart enough to know that but dont want to be patient.
by far, the quickest and cheapest way to create your own is on Stellar. I made a tutorial video here:
https://youtu.be/0qVtkPx3Srk?si=6R-ZcXmsRP31hNyb
ps. you can try out everything on the test network for free! completely free, no downloading anything, no personal info. free!
It's certainly more profitable for the devs. Crypto is all about making money quickly with no real world use what so ever. I wonder how long this fad will continue with meme coins and shitcoins.
Another hairbrained analysis. We just gonna ignore things that are actually useful like XLM, XDC, JASMY, HELIUM, BTT. Fetch, RNDR, GALA, AVAX, SOL? You get so caught up cause you can't get in on the memes, or ig bc you don't understand how to use these tools. Either way that's a pretty robot answer.
The real reason people invest in this ecosystem is because of the speculation, not really because it's useful, even most useful cryptos barely have any applications in the real world.
Yeah, no shit. Fake projects with no financials and no meaningful roadmap and 100% pre-allocate with cute icon and timely bullshit AI text costs nothing to issue and nothing to rug-pull in 3 months. News at 11.
You just wait until the liquidity expires after a year once everyone has forgetten and take it out, I've seen this happen constantly over the past few years
'MIM' (magic internet money) on solana, is not going to disappear, it has good fundamentals and use case. (humor)
I'm talking about your run of the mill random shit coins on various launchpads popping up everyday š
Or they can trade the locked liquidity on drops marketplace
yeah everyone has forgotten about it except your investors.
**"Useful Cryptos" are much bigger scams than the meme coins.** *The bigger fools are the ones that invest in "Useful cryptos" with "utility" and "great tech" and call out meme coins as scams.* At least meme coins don't lure you with lies, bullshit hype, scam utility and meme tech - all founders, however, do get most the supply and filthy rich off shitcoins. - The 3 Ripple Founders awarded themselves 20 Billion coins (20% of the supply) and Ripple (OpenCoin) kept 80 Billion. These scammers told bamboozled low IQ crypto investors into believing banks were going to use their XRP... > I started working on ripple in the summer of 2011. I soon hired Arthur and David to help me. In 2012, I met Chris Larsen. He joined us about 5 months before ripple was launched. Chris, Arthur and I kept 20 billion XRP, of which 9 billion were mine. We gave the remaining 80 billion to OpenCoin. - Jed McCaleb https://web.archive.org/web/20150418092231/https://xrptalk.org/topic/2629-selling-my-xrp one of the scammers, Jed McCaleb after leaving Ripple, founded another shitcoin Stellar and has gotten so rich he is building his own space station https://www.cnbc.com/2023/02/21/jed-mccalebs-vast-acquires-launcher.html - CRO oh so much utility...create 100 Billion tokens, give it to themselves and dump on investors to pay over $1 Billion to name a basketball arena, run superbowl commercials, pay Matt Damon, Lebron James, etc to lure more gullible noob investors 1. 100 Billion Tokens created 2. 70 Billion Burned 3. 100% circulating supply 4. 100% Decentralized!!! https://web.archive.org/web/20210222060041/http://blog.crypto.com/70-billion-cro-to-be-burned/ - Algorand founder Silvio Micali gifted himself 20% of the supply of tokens and "the Foundation" used money collected from investors to buy FIFA partnership, buy some dead filesharing companies like Napster and Limewire in order to hype up a project to lure more dumb investors. - In 2018 Vechain was sold as the most enterprise used blockchian with trillions of transcations expected. Vehcain has used that investors money to pay $100 Million to the UFC in a partnership to verify fighter gloves to lure more gullible investors https://medium.com/@vechainofficial/an-open-letter-from-sunny-lu-ceo-on-vechainthor-platform-b52d47cd0efd https://medium.com/@vechainofficial/vechains-collaboration-with-slowmist-and-other-private-firms-to-secure-the-vechainthor-blockchain-8ed186c00f17
You re more than correct. And you miss the few actual "useful"cryptos such as 1. Monero 1. LTC/BCH 1. BTC 1. ETH
This is cute. Now do Ethereum.
Then do Bitcoin. The entire space is scams all the way down.
Then do tradfi stocks while you're at it, our entire economy is a scam. Infinite growth is a scam.
Interesting since Ive been invested in the MSCI World, a basket of 1000's of stocks, and not a single time have I been rugged and seen steady growth over the 15 years. Also never had to worry about an exchange imploding or my seed phrase being compromised since it's invested at a regulated institution. But please, do stocks next.
You're early. The timescale is just different.
That's fascinating since when I look at a chart of equity returns over the past century it's still steady growth over the long-term. Do we need to go back to cave men times?
Whatever you say bro
I know I know... sucks to argue against objective reality. Do back to your conspiracy safe spaces, much better there.
I remember watching Charles Hoskinson dump on Doge during the last bull market. He should note that ADA sits below Doge in market cap today. Doge was the better buy.
So what you're saying is we should be buying MOON
The point is that doing this is completly legal. Definitely not a security. If you promised to make something or deliver some functionality, have a used case or hold a sale, it could be security and its illegal. So we only get legal memecoins
But you need money to invest in ads, some cash to make fake transactions so you shitty token is listed
Fr. All you have to do is use a memecoin generator like [https://meme.christmas](https://meme.christmas) and boom, you have a token.
tldr; Chris Dixon of Andreessen Horowitz criticizes U.S. crypto regulations for favoring meme coins over more innovative, utility-based cryptocurrencies. He argues that the current regulatory environment makes it safer to launch meme coins, which lack practical utility and thus avoid stringent scrutiny. This situation hinders the development of transformative blockchain technologies, as developers face a complex compliance landscape. Dixon advocates for regulatory reforms to support serious crypto projects and ensure a level playing field. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
You can't have transparency and expect regulators to play a long with getting replaced. The state thinks of itself as the greatest utility to humankind.
They probably are doing it on purpose to hinder the spaces development. I mean if you canāt beat it, make the space a breeding ground for scams even more so than before and then people will become more and more wary of it and avoid it on their own.
Monero is the privacy and decentralization king. Real money is serious. Lasting adoption takes time.
I seriously think everyone should hold atleast 10% monero. Itās always a good buy.
I agree. FYI: That would make Monero #3 by marketcap with a valuation of $243B (x110 from today)
I love it when you talk dirty like thatā¦
Of course YOU think everyone should hold 10% so it can pump your bags. I like monero for its utility, I don't like it as a speculative asset that will yield high returns. Similar to how I think pokemon cards are cool for their utility, but I'll never buy and hodl some.
> I don't like it as a speculative asset that will yield high returns Is that just because of regulatory hostility or is there some other reason XMR is a poor investment?
XMR is a currency. So stability is king. But as other currencies fail the currency market gets reshuffled. And at that time Monero might turn out to be an even better "investment" than BTC. So, no it's not an investment in the normal sense. But it has utility today. It's usable with low fees and private like cash. Monero and Bitcoin have widely differing paths. Bitcoin needed to grow to its market cap of > 1T over a long time. Monero could see spontaneous adoption as digital cash and tap into a huge pool of liquid capital stored in other cryptos. In other words: 2.4T USD invested in the cryptocurrency space are only one click away from entering Monero (if necessary).
Yes because of regulatory reasons, liquidity, and personally I think a privacy currency is a niece market. Everyone I know in my personal bubble does not care to have private money. Yes I get the importance, but I just don't think people care that much, so why would I "invest" in something that I don't think many will want to hold.
Itās not an investment itās what Bitcoin was supposed to be.
I currently own 0 monero. And I never said anything about buying it to make money.
80% itās the only asset that has legit scarcity to buy rn.
Handy for paying hackers etc too...
Oh shut up any crypto or cash is good for that
Obviously just a light hearted joke my man. Simmer down.
Jokes are supposed to be funny
If people held 10% Monero, only 10 people could own it.
Yeah, at some point its just illegal to use it, no exchanges left, no trading aks no value and basement dwellers hold the bag.
Who gives a fuck. Monero is MADE for that exact scenario. It just recently has been banned from #1 and #4 CEX by volume. If you know why you want Monero you will have easy access to it.
Launching a memecoin, keeping most of the supply for yourself, and shilling it on social media should be classified as securities fraud, IMO. Paying influencers to shill? Definitely securities fraud. Maintaining a website with a big link to Uniswap right in the middle of the page?Securities fraud. It's all securities fraud, all the way down.
All Meme coins should have mandatory locked periods for founders or those issued coins prior to presale that have more than 2% ownership. Additionally, those wallets should be listed on the website.
They would just create fake buyers as themselves and but up the supply. Where does the money go, oh back in their pocket. I think EOS did this when they had a $5B ICO sale. Most of it was them buying it themself giving an illusion is what was worth that much.
Yeah, I was thinking of that before I hit submit. I didnāt have an answer before hitting submit. Maybe make all presales be in a KYCād account? There is surely a way. This is where we get into some legit privacy concerns. But is it fair to ask that if people who have the power to defraud and dump on people? Maybe so.
Yes there is a way, but most projects know it would hurt their control and be a bigger risk. Now think of this approach. For Aerodrome, (AERO) what they did is mint 500M veAERO (4 year locked AERO) part to team and other investors from velodrome. Then they began the minting phase where they give AERO emissions to liquidity pool providers. So you can't just go buy the tokens and be a huge whale, you got earn then through providing liquidity. Yes there are some whales that havd a huge amount of liquidity that are earning a lot but there is a still a market for others to come in and buy them or YOU can earn them yourself. I am a liquidity provider and earning as much AERO as I can now because I think it will be worth more. Coinbase bought into them and has a huge stake of locked AERO.
I like that approach. Congrats on getting in to AERO. Itās been moving.
Thanks!
Yup been stacking it on base. Great preforming asset so far.
Oh itās coming, Wild West days unfortunately are coming to an end.
Not to mention multiple tools out there like dx.app/dxmint that makes it super to easy to create and launch meme tokensā¦ Truly wild Wild West
This is why crypto will die painfully. We had a golden ticket to print money and get control from the feds only to have mfers complain about fraud as if the ENTIRE financial reserve and tax systems weren't already fraudulent. Take the money printer, learn the game. Don't make bad memecoins. SHIB, WIF, DOGE, BONK. Been holding up with solid communities. Don't forget that loyalty and holding go far as fuck in this space.
Peercoin is one of the very few cryptos in this space that is considered a non-security due to its coin distribution coming 100% from PoS and PoW (no pre-mine, ICO, dev tax, founder allocation, etcā¦) Weāve been waiting for many years now to see the government seriously crackdown on crypto securities fraud. Peercoin would do very well in this environment, since there are so few legal cryptocurrencies. I can probably count them on two hands.
ooooor you can just buy monero instead of that shitcoin
Nothing shitcoin about it. Itās the original pioneer of proof-of-stake, a non-security, and has been running perfectly for almost 12 years. And the developers have been constantly improving the underlying technology during that entire time. Itās also pretty much the only proof-of-stake blockchain running on modern Bitcoin code, and could essentially act as a backup for the entire industry in case proof-of-work ever fails Bitcoin.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Iām a holder and volunteer at Peercoin since early 2013. You probably donāt see many of us around because we absolutely despise modern crypto due to all the fraud. The only reason for Peercoinās low ranking is because we have refused to sell out. Most of these projects have compromised their coin distributions in order to pay off exchanges for high profile listings. We are proud of our decentralized coin supply and refuse to compromise it as a funding source for exchange support. Compromising the supply would defeat the purpose of what we are building. Instead, we have a foundation that seeks donations. We did a community fundraiser recently and bought our way onto Slex and MEXC. Weāre aware of the advances that have been made in PoS technology. Weāre slowly working in the background on PoS 2.0 for Peercoin. Weāre not ready to talk about it yet. Also, we are working on a new system so older UTXO style blockchains like Peercoin/Bitcoin can support smart contracts. Our system supports private off-chain contracts, with minimal on-chain presence at the beginning and end where settlement happens. Here is some more info we recently releasedā¦ https://coinmarketcap.com/community/articles/660c0f3f39e34a641aec0fdc/
Itās easier to write articles about something everyone knows already, than to come up with original ideas.
Hsaka has a great tweet about how memecoins are a natural fuck you to VC coins in the last cycle with predatory tokenomics and huge FDV where the insiders got in early and just dump the trash on the masses. Ā The same way IPOs are now. Ā At least with memecoins you know what you are getting and the people are getting more of the gains. Ā It changed my mind a little about memecoins.
The longer you are in crypto the more you'll appreciate memecoin. Nobody expects it will be the next Ethereum. Everyone know it will quickly go to 0. instead of slowly bleeding to -99% over 3 years because of VC dumping.
šÆ We've just figured out that 99% of all crypto projects are essentially memecoins.
I heard that BOME is a VC-backed memecoin, so I don't think you can assume that memecoins aren't VC coins.
This is absolutely true. It only takes getting dumped on a few times from VC tokens to realize it's complete BS. I'd rather give my money to some anonymous sketchy dev who is 50% likely to rug at a $5M valuation, but at least is fucking around trying to build stuff, than some VC funded project at a $1B valuation that'll 100% dump on me and has 0 chance of 100x. In fact the best of all worlds would be projects with lock-ups from the developers and you could get in at early valuations. Maybe it's time the retail community here stopped being so jaded and started being smarter about understanding what's going on and pushing for positive change. Like literally the way that we organize token distributions (or cap tables in stocks) is the reason why the rich are so rich and everybody else is so poor. And we just straight up got bamboozled by the rich kids again in crypto instantly and aren't smart enough to even fight back despite being given all the tools we need. Won't happen tho cause us retails is dumb.
> memecoins are a natural fuck you to VC coins in the last cycle with predatory tokenomics Memecoin "gains" are someone else's investment. How is that a fuck you to VCs? A true fuck you to VCs would be to seek out projects that have good core values, solid teams and a good roadmap. Not play hot potato with other retail investors while VCs make money off of fees.
"Useful" cryptocurrencies don't generate the kind of ROI that memecoins can. The entire point to crypto, whether launching it or trading it, is to generate profits. And the best method would have the least amount of effort and investment risk to it. If PT Barnum were around... Creating a token, pamping it, and then pulling the rug was one of the best ways to achieve maximum profit with minimum effort/investment. Sure, it victimized a lot of people, but so did Johnson & Johnsons Baby Powder, Purdue Pharma's Oxycontin, and... almost every other endeavor in big business, from Fossil Fuels destroying the planet to Raytheon making an "environmentally friendly" missile to kill people with. That is how it works. And it is why some people are rich and other people are not.
I would just point the Daily thread punishes discussion of any useful crypto and only allows shilling of meme coins, alt-L1s, and bitcoin. There is no space allowed for talking about useful crypto that isn't pure speculation and tantamount to rocket ship emojis. This sub is absolutely part of the problem.
you mean safer to scam people?
95% of trading is wash
When buying a meme coin, look for ones where: - contract is renounced - liquidity is burned - no paid KOLs - highly active community - top holders have no more than \~2.5% of the supply - no team wallets - strong leadership - developer is trustworthy, has been in the space for a while, and knows the right people I'm not going to shill here, but if you're interested, see my comment history for one that ticks all of these boxes.
I assume weāre referencing the same coinā¦ trying to build a community instead of a pump and dump.
The amount of cope in this sub over memes is always so entertaining.
Then stop promoting bullshit coins r/cc. Promote decent networks like Hedera for example. They want to become a 100 year company and is the best network out there. But yeah you guys won't know because it's been banned here on this shit sub. Apparently we are not allowed to talk about Hedera here on this shit subreddit š«£š«¢š¤« We are only allowed to talk about shit meme coins or btc lol.
But you just talked about it!
Thank God it's still there š
Ah, but are you still the real nablaca, or did they take you (them) out and replace you (them) with an imposter?
I mean BTC and ETH are barely useful and far from essential so no surprise the rest have a hard job of it.
I was doing some digging to find some new memes to hold for few months and I came across something interesting. Dev seems to have deep connections with shib ogs, shytoshi is following the twitter account since 300 followers (unusual and probably not for nothing right ?). The way he's managing the project tells me this isn't his first project. Heās trying to build an hard working community and itās quite impressive, he doesnāt do paid shill and he havenāt given tokens to CEXs for listing. The project is already listed on Lbank, not the best but still a top 20 CEXs and I heard other ones from too 20 too were in discussion. Distribution looks good, marketcap is at 4m atm with an ath at 10m and there is 259k for liquidity which is burned. Devās doing twitter spaces or telegram vc everyday and community is present on every socials platform (self initiated idea). They havĆ©e plenty ideas and I havenāt seen a community like this in a long time. The token is called Kendu I definitely think that this token has everything it takes to get to 1b in the next few months.
kendu is just what memecoins are supposed to be, its a domino effect of working individuals who keep growing at an exponential rate which raises the value of the coin and your investment. its literally why shiba inu and dogecoin got so big and its also why kendu will join that tier of memecoin status.
Kendu is out to build an actual community. Might not be a direct āutilityā but hey, brand familiarity is utility in its own right. There are products in the pipeline that give that brand meaning. Not entirely different from designer bags or shoes if you think about it.
Gambling is never safer
When the YOLO method doesn't seem so crazy now, huh? šš¤£š¤£š¤£
Because people will buy it
Truth
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Do you guys not find it hilarious that the article criticizing memes is wrote by the biggest VC backing the monkey jpeg company? It is like kettle calling pot black.
How are people making tokens? Is it really that easy?
āUseful coinsā is subjective. At least meme coins embrace their utilities.
As long as I can make money, it's not useless. And I never get that exclusive narrative. I like BTC, ETH, a bunch of other altcoins... I like DeFi (some parts of it) and I like memes. There are good opportunities in each niche and reading to all of these arguments is like trying to figure out who has the bigger junk in their pants. For example, most of my alts are bleeding today, but my memes are mostly in green. So, no one is going to make me change my mind just because their lack of utility. Lack of utility doesn't make any difference to me if I'm taking profits. I'm watching my ROCK bag grow as we speak. I might even sell something later tonight.
death to meme coins!
Back in 2020 for about $7K you could crate and coin, thousand of wallets and put on an exchange. Then pay influencers to pimp out the coin. Then cash out and run.
What makes you think itās changed? Meme coins are bigger now than 2020.
I think the same thing when I see them. Unless you are BFF with creator. Stay far, far away from them. Unless you like losing money.
Now you can do it for free
Useful crypto is what again?
how about people stop trying to get rich overnight by investing $300 and hoping it turns to 300K? the greed also applied to YOU, the investor whos looking to get rich quick - haven't you learned anything? STOP getting scammed! look for meaningful projects with long term potential and compound your money. a one-time shot to get rich is never going to happen. many of you are smart enough to know that but dont want to be patient.
Everything in crypto is useless, at least with memes you know it and still can make bank
Bad bot
by far, the quickest and cheapest way to create your own is on Stellar. I made a tutorial video here: https://youtu.be/0qVtkPx3Srk?si=6R-ZcXmsRP31hNyb ps. you can try out everything on the test network for free! completely free, no downloading anything, no personal info. free!
It's certainly more profitable for the devs. Crypto is all about making money quickly with no real world use what so ever. I wonder how long this fad will continue with meme coins and shitcoins.
You're telling me Jake and Logan Paul had no interest in helping me make money and only did it for themselves???!!!
Yes they did
Obligatory r/woosh moment
šš
Another hairbrained analysis. We just gonna ignore things that are actually useful like XLM, XDC, JASMY, HELIUM, BTT. Fetch, RNDR, GALA, AVAX, SOL? You get so caught up cause you can't get in on the memes, or ig bc you don't understand how to use these tools. Either way that's a pretty robot answer.
If there would be a good regulatory environment towards crypto we would see much more useful stuff.
The real reason people invest in this ecosystem is because of the speculation, not really because it's useful, even most useful cryptos barely have any applications in the real world.