You know what's worse than memecoins? Ponzis no different from memecoins that hide behind the facade of "game changing" "new paradigm" narratives

Basically >99% of crypto assets

At least memecoins are honest - everyone knows it's just unbridled gambling and 99% will lose a lot of money to enrich the 1%

I also prefer the direct honesty of meme coins, over the obfuscation of extraction through speculation mechanics and narrative cycles.

But the challenge with permissionless networks, is that both will always exist, for better or worse.