Ethereum founder Vitalik Buterin wrote a post yesterday (29th) stating that a good meme coin should be fun and have a constructive public purpose, rather than solely enriching the project team or causing long-term concerns for investors.
(Meanwhile, in the background:
Chinese community scammed! Meme coin $ENTS, raising 20,000 BNB, “opened with a sharp drop”, project team VT: Sorry, the money was stolen…
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(Background information:
Decoding meme coins: How to find thousand-fold coins, FOMO’s dissemination mechanism, and their impact on public chains?
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Table of Contents
Why do people pursue meme coins?
What other possibilities are there for meme coins?
Opposing fraud
Meme coins, from the classic meme coins like Doge and Floki to the newly launched Solana ecosystem meme coins BOME and SLERF this month, have undoubtedly become the focus of attention in the cryptocurrency field.
Just yesterday (29th), Ethereum founder Vitalik Buterin specifically wrote an article discussing his views on meme coins. Let’s take a look at what perspectives V God holds on meme coins.
Why do people pursue meme coins?
V God first talked about how meme coins create many stories of sudden wealth, but also make people feel uneasy. However, he then pointed out that people actively participate in meme coin games because:
At the same time, V God also pointed out that meme coins may not have direct benefits for participants:
What other possibilities are there for meme coins?
Since meme coins have negative effects, how can they be improved? V God pointed out:
V God used the blockchain game Axie Infinity as an example in the article, stating:
Opposing fraud
Finally, V God concluded that he opposes meme coins that promote authoritarianism, scams, pyramid schemes, or any meme coins that excite people in the short term but cause long-term concerns. He emphasizes that he values people’s enjoyment and hopes that the issued currency can follow the trend rather than go against it.
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