@pontus

gaslighting users to take ownership to “not feel scammed” when they’re literally being scammed is why meme coins will/should not hit mainstream trading attention is a simplified version of what’s actually going on, especially in the early stages anyone that’s been in the trenches knows that there’s always another telegram chat where there’s plotting about liquidity event and not to mention all promises about what’s “in the roadmap” 99% of memecoins rn are zero sum unregulated casino x insider trading x king of the hill, and in every other part of the economy would be considered scams with that said, it was also the fun part in the beginning of the pump cycle. the first 15 minutes with 4-10 people in the telegram, “is dev based”, voice chat on, setting up the websites, plotting “raids” etc. I believe in memecoins power to reward and aggregate attention, but alot of people seem unaware of the level of sophistication on the inside of many of the tokens they know of, and as the attention dies someone will get stuck holding the bag.

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