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⚯ Michel de Cryptadamus ⚯

CEO of and official Nerd Reich leader pontificating about how the existence of scams proves that "everything will be tokenized" and traded "on chain".

@ Brian Armstrong 2 € @ B @brian_armstrong On memecoins... Memecoins have generated a lot of buzz recently, and I’ve gotten some questions on how | think about them. | am personally not a memecoin trader (beyond a few test trades), but they’ve become hugely popular. Arguably, they've been with us since the beginning — Dogecoin is still on of the most popular coins. Even Bitcoin is somewhat of a memecoin (on could argue so is the U.S. dollar, once it was disconnected from gold). Just like the early days of the internet with animated gifs, new technologies often look like a toy but evolve into something much more powerful over time. So we should be open minded about where memecoins are going, even if some are silly, offensive, or even Memecoins are a canary in the coal mine that everything will be tokenized and brought onchain (every post, image, video, song, asset class, user identity, vote, artwork, stablecoin, contract etc).
ALT
#NerdReich#Broligarchy#broligarchs
Feb 20, 2025, 03:56 · · 5 · 5
su_liam

@cryptadamist If anything of mine shows up “onchain” it’s because some fucker STOLE it.

Dan Sugalski

@cryptadamist "canary in the coal mine"... so everyone's going to watch them and as soon as they asphyxiate and die it's a sign everything's going to explode?

I... am actually remarkably surprised this metaphor is being used correctly. I suspect it must be a mistake.

GhostOnTheHalfShell

@cryptadamist

Can’t wait for the brave new world. One of systems where the capacity of Blockchain ledgers is excruciatingly small.

The alternative to proof of work, proof of stake, requires a cash as stake, if I understand it correctly.

Crypto has a lot of their own slang terms. It seems like sniping is daytrading by another name

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