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RE: Memecoin Moat

in LeoFinance12 days ago

Interesting this idea of flooding the space to protect the crypto castle. 🧐
Ive basically just ignored the meme trend as i saw it as this bulls shiny thing. after 2017 and ICO buzz and next bull the nft hype.
but this is the second interesting argument I’ve heard this week about memes. as i was in a discussion about meme coins basically spitting in the face of ‘all about the tech’ coins. That memes were more about demonstrating that it’s not about what the coin can do. It’s about what the community around the token can do. lol, i guess in the case of meme coins its pump that shit! borrowing a bit of the GameStop momentum and stick it to the man mentality.
so i was convinced and went and invested my life saving in Fart coin 🤣 and missed out on getting in early on Melania Official. 😢

I sometimes think we lose track of our community strength on Hive. We really need to figure out how to harness it more effectively. Because whether a token has all the bells and whistles of utility or is the next breed of weird dog to 1000x …. Community is either the backbone of any tokens success or the weak sauce leading to oblivion

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As we all know the problem is what comes after.

I view memes as less about what community can do, because these meme communities aren't doing anything. I view it more about the failure of "utility" and all the empty promises we've received and all the vaporware that's been rugged.

But everyone knows all this garbage is going to crash to zero within a year or two. None of these communities are real. They aren't talking with each other and they don't care about each other. The only one we can make an argument for at this point is DOGE because that community has survived multiple bear markets and is not some token on another chain; Doge itself is a layer one POW which makes it a lot more robust and secure.

Well I’m certainly not buying any meme coins. 🤣
But yeah, my main takeaway from these recent discussions was Hive needs to figure out how to leverage its community more effectively. As in my eyes Hive has one of the stronger and larger communities in terms of blockchain communities.

Speaking of utility. I was just thinking I hadn't seen a new blog post from @buttcoins in a bit. That's REAL utility :)

!meme

lol, you and me both wondering what happened to Buttcoins🤣

!LUV !HOP

via Inbox

Here you go, it took me a while…but this one is more special than normal. A real utility as you say
https://peakd.com/hive-121439/@buttcoins/the-show-must-go-on