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Ansem explains why he decided to back solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump “I’m talking about these onchain coins anyway right? Like, I'm talking about memes, I'm talking about protocols that are low caps, I'm talking about stuff that I'm interested in” “What has happened before is whenever I would talk about something that I'm interested in, there's always a risk that I don't know who launched it, I don't know who the team is, I don't know who bundled it, I don't know who has how much of the supply, I don't know what's gonna happen after I talk about it because I usually don't know the team associated with whatever coin” “One thing that de-risks this for me is like I have more supply than anybody. So I know I'm not gonna nuke on anybody's head. I know I'm not gonna get screwed over by somebody who has more supply than me” “I know if I start talking about this, there's not gonna be somebody who got in at zero market cap and is gonna be selling on my head the next five minutes. I know that is completely de-risked because it just can't happen” “The second main reason I would say is that there has been so much bad press on people doing coins that are like attached to their likeness or attached to their brand because they've all been scammers” “Everybody that does it is a scammer. Literally every single person that does it is a scammer. They do it with somebody, a dev that bundles the coin for them, they put one tweet out, everybody who's in the bundle sells, they delete the tweets and everybody who bought it loses money” “But it's like, I've always thought, if you believe that personal brands on the internet are gonna become 10x more popular and you believe that people who have multiple businesses under them and can direct a lot of attention and have businesses that want to reach out to them and do ad spend with them, those are gonna be important people then like tokenizing that attention in a way that the people they're directing this attention to makes a ton of sense” “Nobody's done it the right way yet and if memes on Solana and like these onchain coins on Solana are gonna do well if I think Solana's going up, there's an opportunity to show how that can be done in the right way because nobody does it and everybody's a scammer” “I know I'm not a scammer, I'm not gonna scam people. I don't think it's been done properly and I think it can be done properly” “So those are the two main reasons I would say but like I have been very averse to doing it because I just… I don't launch coins bro”

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