I’m not going to name drop any tokens in particular to not p#ss off a certain group of people but I think we all know that memecoins serve no real purpose and derive no real value other than community hype and nothing more. This is a fact and it is undisputed.
I really don’t want to be that guy that says “this money would be better off invested in XYZ”. Its not about greed and “funds” in particular. Its more about development.
Vitalik created this blockchain to serve a purpose. To fight against tyranny and give regular human beings a tool to leverage financial freedom through decentralization and smart contracts.
This might be considered subjective to some people but DeFi and DAOs have much more value than a token with a dog face on it.
When you can use AAVE to take out a loan anytime of the day regardless of you location, ethnicity, gender or age, that give Ethereum value. When there are platforms like Bitdao where the community governs itself and votes for what they see fit for themselves as holder, that reinforces Ethereum’s decentralization ideals.
It’s a bit ironic of me to be talking about “freedom” and “decentralization” while at the same time condoning memecoins and hypecoins, I know.
I’m not advocating against these coins entirely, I just think that obsession over them defeats the main purpose of Ethereum.
Technically you could use Ethereum for anything (and that’s what makes it so valuable) but I think it makes much more sense to use it in a utilitarian way.
But that’s all just my personal opinion.
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