RΞn
2K posts

RΞn
@ren_01011
Product designer exploring the web3 space.
Europe Katılım Temmuz 2021
773 Takip Edilen532 Takipçiler
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I'm launching the pump fun tomorrow. Everyone who fills out the form will receive an equal airdrop of $ME
Fill it fast
Closing soon.
docs.google.com/forms/d/1no5nm…
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I'm seeing a lot of fund managers and old heads on the timeline disparage meme coins for being stupid, valueless, or not solving problems. But those accusations misunderstand what meme coins are and why they're thriving.
Young people can't see a path to wealth or home ownership. Most americans think its unlikely the younger generations will reach a better standard of living than their parents. We don't believe in the american dream anymore. These days most young people want to become famous streamers, not get into STEM careers. And everybody is extremely addicted to their phones with absolutely obliterated attention spans.
We have a chronically online adhd population who doesn't believe in the american dream looking for a way out. And so get rich quick opportunities have emerged to satisfy those desires. It's been a perfect storm of forces combining with Robinhood, the pandemic stimulus, the GameStop short squeeze, the '21 crypto bull run, and the normalization of sports gambling all screaming in our faces that there's a chance to escape the 9 to 5.
Meme coins were around before all this, but they've emerged from these conditions and cemented themselves into a growing number of peoples minds as a path to Make It. The fact that they're absolutely stupid is a feature, not a bug. It helps them reach the most number of people.
The most successful meme coins are the lowest common denominator. The top 100 meme coins are overwhelmingly cats, dogs, or farm animals of some kind. They communicate to the majority of young people who are chronically online dopamine junkies with executive function disorders. Coin has dog.
The meme coin market cap is over $122 billion. Doge is worth more than Volvo. If you're doing fundamental value analysis on commodities and securities this is all going to look like the world has gone crazy. And in a lot of ways it has. But meme coins haven't tricked the world into valuing them. Rather, societal conditions demanded they existed. We've collectively summoned them into existence through our adhd, chronically online lives, and distrust of the american dream.
I think it's easy to argue that those conditions shouldn't exist. We shouldn't be online so much, we shouldn't be indoors by ourselves so much, we shouldn't be locked in to low wage jobs, houses shouldn't be so expensive, etc. But being angry at meme coins is focusing on a symptom not the cause.
If you're working a poorly paying job you hate, looking at houses shitter than your apartment with mortgage payments twice your rent, you've got student loans you'll never be able to pay off, and no way of saving or investing to out pace inflation, then trying to gamble your way out of hell on dog coins might sound pretty good.
Beyond that, young people do value memes. And it makes sense that if you create some viral post you should get paid for it, not just the platform you posted it on who's using it to boost their advertising revenue. Are meme coins the best medium to monetize viral ideas and put some valuation on them? Maybe not. But the fact that it can give creators some stake in their success, rather than just big corporations like youtube or facebook, seems like an opportunity.
The fact that meme coins have so much volatility is dangerous and it's really easy to lose your money. But that's also what gives you a chance at making it.
Norm MacDonald has a couple of good quotes on gambling, and these three are the TLDR if you aren't reading all this
"I remember a psychiatrist once telling me that I gamble in order to escape the reality of life, and I told him that’s why everyone does everything."
"As long as the red dice are in the air, the gambler has hope. And hope is a wonderful thing to be addicted to."
"Yeah man, they call gambling a disease, but it's the only disease where you can win a bunch of money."
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I am one of the faithful, a disciple of the cult of memes
We are going much, much higherrrrrr
Signature: 0x138b4aaf26e79cbfaa5aa4f6b00f070f651064cd71f09d942b3b075f6f6d4c0e4560a3b8dc0a959b683cb2ef62784896ada48c97c253ae008646cabfb0023b271b
Pledge: higherrrrrrr.fun
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@0xBreadguy I lost more ETH on nouns and more USD on an xcopy 1/1 so I have that going for me which is nice
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Financial Darwinism is torching 128 ETH ($480k~) while farming 11K blast gold in the process

DeeZe ⛳🏌️♂️@DeeZe
-99% on YIELD from top to now ⛳🏌️♂️
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Trustworthy accounts on cryptotwitter
Disclaimer* anyone can get hacked always DYOR these protocols are TRUSTLESS for a reason
- @cobie goated account, OG of the ogs
- @gainzy222 gainzy bot, chartist and $zec proponent kek
@inversebrah OG crypto account the wassie originator, “smol ting” creator of “get me in lil shid”
@Jebus goated crypto account man of many alts and talents
@muzzyvermillion - aka jingtao aka Mr business aka lindy aka ctawmgod tldr 🐐
@icebagz_ creator of the fake @tier10k bangers, founder of pandas
@Tradermayne king of TA and thecharts 📈
@RookieXBT - only guy that actually gives away money and not a scammer, young handsome talented chad
@karbonbased - the only hacker of a protocol I’ll feature on my list, hopefully gets caught soon
@barneytheboi - OG account, based dev, celebrities should dm Barney only to get him to launch their tokens
@blknoiz06 - z, main character, 2017er, one of the few newsletters that was good
@andy8052 - top shot king, based dev, made more on nfts than you, bestball king
@sobylife - founder of matic aka polygon aka xai
@loomdart -aka blueberry, chief simp officer
@CL207 - egirl capital, uses a 100k sock as a dumpster for his offspring,
@Cryptopathic - creator of “the tweet that saved the market”
@SizeChad - the official size chad account and face of arbinauts etheriums l2
@DeeZe - cheif vibes officer of ct, bought punks before they were cool, BBM 2024 champion, smokes weed
@donalt -og, chartist, pretty good at calling tops and bottoms doesnt care if you disagree
@CryptoHayes - og gigabrain goated account, creator of bitmex, has dumped on you more than once
@KeyboardMonkey3 - kick started the great nft bull run of 2021 (thanks for buying that hashmask bro)
@icebergy - og account, the timeless ice berg, based dev, creator of @CryptoWhalebot
@CryptoKaleo - Gods chosen warrior of ct, chartist extraordinaire,
@capitalgrug - Grug, likes rock, creator of MEV on both ethiruim and solana
Not an all inclusive list but should get you started
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Remember:
No leverage
No FOMO
Top 3 to 5 assets as main bag
Self-custody (or multi-sig) with good wallet hygiene
Only trade a small Degen bag <10%
HODL over a longer time horizon
Zoom out and remove the noise
Expect 35% pullbacks frequently
BTFD if you can
#DFTU
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