Sharing it because it highlights a thing about memecoins that I haven't considered before. A big part of criticism they receive comes not from the fact that it's a memecoin itself, but from the way it's being run.

When we went to the DEGEN party I felt I could be photographed there because I am not embarrassed of being associated with DEGEN despite it being a memecoin.

And that's because they had a fair airdrop launch, they still distribute a lot of it for free so you don't even need to buy it to enjoy the ride, and genuinely try to do something fun.

Plus it is also an accurate cultural snapshot of a moment in Farcaster history, when people started launching coins on the f/degen.

Sure, there's tons of speculation involved, and most people buy it because the number goes up, but it's not *only* it.

Now compare it to a comically distorted approach with people launching 100 variations of ElonMuskHitlerMoonInu on Pump dot fun to see what sticks.

Best is actually that it's a fun write up. But most of the tips are quite obvious and should be fundamental parts that make up your scam radar. It could be summerized as just don't open pump dot fun.