@ted

strong opinions, loosely held: 1. skeptical that memecoins will have mass appeal outside of canon viral events like $trump or $fartcoin; it’s small group of traders that hasn’t grown significantly over the past year 2. prediction markets are better fit for mass appeal because they have a lower barrier to entry and success, largely driven by a) binary nature of the outcome, b) an expiration date so you don’t need to time your exit or be online 24/7 to win, c) most often priced in USD stables 3. perps are a better fit for sophisticated traders, mainly traditional finance investors (eg hedge funds); this will become more apparent as more sophisticated traders enter the field and take advantage of information arbitrage in a way most retail traders cannot

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