Dr. Hax on Nostr: I was going to take a shot at it, but then I reread your post and saw that it said ...
I was going to take a shot at it, but then I reread your post and saw that it said meme coins and not altcoins. Oh what the heck, I'll try anyway!
First, memecoins are not meant to have compete with financial instruments. If you measure them this way, they will be disappointing, just like if you measured bitcoin based on its effects on Jupiter, you'd be disappointed.
The real value of memecoins is the fun in collecting them and trading them with friends. For the older generation, think of them similar to pogs. They didn't have a huge intrinsic value, but they did have sentimental value.
So it is really about the joy they bring. It's also a celebration of the complete absurdity of putting absolutely everything on a blockchain. So go get 'em, and perhaps even make your own!
How'd I do?
First, memecoins are not meant to have compete with financial instruments. If you measure them this way, they will be disappointing, just like if you measured bitcoin based on its effects on Jupiter, you'd be disappointed.
The real value of memecoins is the fun in collecting them and trading them with friends. For the older generation, think of them similar to pogs. They didn't have a huge intrinsic value, but they did have sentimental value.
So it is really about the joy they bring. It's also a celebration of the complete absurdity of putting absolutely everything on a blockchain. So go get 'em, and perhaps even make your own!
How'd I do?