LiberLion on Nostr: The Fiat Money: The Original Memecoin A memecoin is basically a ponzi scheme. It has ...
The Fiat Money: The Original Memecoin
A memecoin is basically a ponzi scheme.
It has the following characteristics (as you read on think of fiat money issued by governments):
1. Viral origin
2. High volatility and future depreciation
3. Zero backing in commodities or securities
4. Low utility
5. Inflated or poorly distributed supply
6. Aggressive marketing
7. Pump and dump risk
8. Irrational adoption
A memecoin is basically a ponzi scheme.
It has the following characteristics (as you read on think of fiat money issued by governments):
1. Viral origin
2. High volatility and future depreciation
3. Zero backing in commodities or securities
4. Low utility
5. Inflated or poorly distributed supply
6. Aggressive marketing
7. Pump and dump risk
8. Irrational adoption