moghisa🧸
309 posts
I’ll just summarise (long post) my thoughts on the celeb bullshit. Over the last 4 days coincidentally a number of celebrities have all launched memecoins. This has raised the debate on whether this is a positive (onboarding) or a negative (pump and dump) for the space. Historically celebrity involvement has always been a terrible sign. There isn’t any project in operation that would be deemed a success. They all went to 0, some in hours, some in days, the majority not even making it to months. You should take it that all celebrities are using the current very popular buzzword of “memecoin” to make a quick cash grab. The same went for simply “crypto” in past cycles and “NFT”s most recently. It snowballs with more and more people seeing the opportunity and rushing to grab the bag. If a celebrity immediately launches a coin, I don’t care who they are, they should be told to fuck off. If a celebrity launches a coin and says a few buzzwords on how much they love crypto they should be told to fuck off. They should not be given a platform AFTER they’ve come to the space with a coin. It’s predatory, we’re giving them a voice and they’ve set up with exactly the same intentions as previously. People are and deserve to be pissed. Then it comes to the more productive side which is “what if we should actually trust these celebrities?” Then come to the table WITHOUT a token to promote, do your time, show some understanding, ask questions in a productive manner, learn, get involved, join spaces. Don’t be a greedy disingenuous cunt. People were asking “well how do we get these celebs onboarded?” - why are they any different to us? A celebrity would do so much better for themselves if they came to the table saying “the dog wif a hat is cute so I bought some” - that would actually resonate. Just buy crypto, explore the space, be a part of the culture. If you can’t or haven’t done that I can’t trust you and I have to assume you have the worst intentions. A celebrity’s onboarding process is no different to what any of us went through. We buy, we get fucked, we buy more, we find a community, (we get addicted), we buy more, we survive. There’s no positives from the current environment we’re simply providing people with a platform to fuck people over and profit from their own names. You can’t retrospectively fit adoption or a positive on to a situation that has started with a predatory launch. There might be an argument that we can use this as an opportunity for adoption, but it isn’t from the current situation. @cobie talked about risk as an evaluation method and I think that’s also very true. If you’re just doing something without risk (aside from reputation - which for many of these “celebrities” is entirely irrelevant anyway) then it’s not worth anything. Athletes paid in crypto, celebrities with involvement in projects are far more worthy of discussion than these passing visitors. Fuck the cash grabbing token launching D-list celebrity tourists. I want people who want to shoot the shit about crypto, people who have some skin, who have some time, and who are a net positive for the space. Extraction is not adoption. We’ve done this dance too many times.
Munchables has been compromised. We are tracking movements and attempting to stop the the transactions. We will update as soon as we know more.
