What else could memecoins be?
What else could memecoins be? by mishaderidder.eth13093 🥝 • 3y • | |
AI summary of the linked articleVitalik Buterin argues that memecoins could be redirected toward positive-sum uses such as charity funding and genuinely fun games, rather than being purely speculative tokens. He notes that memecoins have drawn unease in 2024, partly because some Solana memecoins were openly racist and many others rise and fall in price while contributing nothing of value. Buterin cites GiveWell Inu, which donated proceeds to GiveWell, and says that half the supply of Dogelon Mars was gifted to the Methuselah Foundation, turning $ELON into a charity coin. He concludes that more fun projects that support public goods should gain attention, and he praises 0xPARC for making crypto games that players joined for fun. | |
Recommended by 4 curators | |
I really like the idea of charity coins. One risk that I immediately thought about: Wouldn't memecoins do charitywashing by giving these institutions 5% of the supply and then using it as an eternal pardon to do malicious things just like some bad apples among effective altruists did? | |
Characters remaining: 10,000 comment guidelines | |
