The Cure

The author argues that crypto's growth rests on three pillars (decentralization, the technology, and greed), and that venture-backed token launches have abandoned the third by favoring founders with elite pedigrees over retail returns. Writing about VC coins, the author states that 2024 vintage tokens underperformed the majors (Bitcoin, Ether, and/or Sol) by about 50% on a median basis, citing the author's earlier article "PvP". The author contrasts this with memecoins, which launch with the full supply released and an opening FDV in the single-digit millions of dollars, letting retail buyers participate on decentralized exchanges.