Percy's Manager

im starting to think the reason VCs are so hostile to memecoins is that they have entirely suplanted their cartels. THIS is the new Fringe. VCs used to be the outgroup and now they are the Establishment. They are mad because they have lost their power to make things go viral. Think about it! Five or ten years ago you could Teleport a Normie just be putting them on the Mid Journey Discord or something. Now the only place that feels truly Droll and Visceral and Real is the Gape Discord. I'm not saying this is a Good Thing, but I *am* saying that VCs are taking it personally and that's why they're so opposed to ponzinomics. Ponzinomics *works* when it's applied correctly and that's scary to people who thought TFP was the only way to make asset prices move to the right. I am not saying that I think 90% of memecoins are currently set up for success - rather, the format is still quite new and it's not until we start seeing some genuine cleverness in tokenomics that we'll see memecoins that rival what people traditionally think of as "good investments". Anyway I think VC opposition to memecoins is more emotional than it is rational. What do you think?