Such tokens - much wow by Connor Keenan | Kingpost.io

Connor Keenan argues that memecoins are good at marketing but poor at curating content, and that their game mechanics fall short as curation markets. He says memecoins lack intrinsic value and that Lindy effects and Schelling points concentrate outcomes in a power law, so the risk/reward of betting on the crowded market is often around 1:1000 or more. He also notes that memecoin launchpads, unlike centralized platforms such as YouTube and X, have not found a way to reward creators and curators. He concludes that the market for memecoins is big and active, but that a design able to reward creators is more likely yet to come.