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The rise of memecoins in the crypto space is causing concern among industry insiders. Some express worry that memecoins are leading to disillusionment and deterring great founders, giving ammunition to regulators. Venture capitalists are divided, with some viewing memecoins as detrimental to the long-term health of the industry. Memecoins are criticized for resembling a risky casino and lacking real utility, potentially shaping a negative public perception of crypto.
1. Memecoins shape the public’s view to make crypto look like a casino 2. Their adoption is the result of VCs funding unlimited tokens that don’t do anything new (dex forks, endless infrastructure “modular” coins, etc.) Solving #2 will solve #1 if VCs really hate memes so much
IMO memecoins are destroying crypto. I still maintain the opinion that memecoins are a net negative to this space. They are disinteresting from a technical perspective and don't offer anything other than a pure ponzi. They are predatory in nature and usually create a market…
Memecoins aren't as attractive to VCs as infra products are because the cabal operating memecoins is just a bunch of degens in a basement rather than suits in a board room
