The billionaire investor, Mark Kobe, suggested that creators from Memecoins should fill the registration form as part of the listing. In a post on X, Cuban said that the spread of the mass of the momentum in the encryption industry is currently due to the lack of registration standards.
Cubic comments He came in response to a statement issued by Coinbase CEO Brian Armstrong about the need for a new list of exchange. Armstrong noticed earlier that the current process of inserting symbols is not sufficient.
According to Armstrong, about a million symbols are created per week, making it impossible to evaluate each one before it is included. Coinbase’s CEO also added that the organizers need to understand the unique nature of the encryption industry.
However, Kobe believes that the solution to this problem is for memecoin creators, noting that many knowledge tools that recognize factors (KYC) can do this and continue to guarantee approvals on the same day.
He said:
“We need a simple registration model designed for coins. There is enough KYC tools that can make them on the same day approval, with fees to cover costs.”
The billionaire added that this is the only way to save the encryption industry, as the huge size of memecoins began to be useless in overcoming the limited quality project and may harm the industry. This is not the first time that the Cuban shares an opinion on memecoins with billionaire once, indicating that Memecoin can be used to survey the American national debt.
The encryption community criticizes the Cuban proposal
However, the idea of the Cubans on a registration model for the creator of Memecoin was recovered from the encryption community, as many indicated that this defeats the whole purpose of decentralization. A user noticed that Kyc’s claim would prevent many users from buying memecoins.
Meanwhile, others believe that investors should be left to decide what they believe is quality, while organizers should focus on the fraud trial. Venice founder Eric Faris Note that many encryption tools allow the encryption investors to assess the quality of memecoins.
He said:
“The ecosystem for encryption sites can do and much better in the quality analysis of garbage. There are already white emotions of symbols that different service providers can adhere to. Messari, CMC, Defipulse or dozens of others can allow coins to register with them and compete to do the best filtering work .
However, the Cuban explained that the registration is dedicated to a person only who creates the distinctive symbol rather than investors. Other people seem to agree on his point of view, including software engineer Vincent van CodeThose who noticed that there should be criteria for the inclusion of symbols, and exchanges that fail to insist that the distinctive symbols meet the requirements before inserting a wet symbolized code if there is ravpull.
The memes are 11 % in 24 hours
Meanwhile, the debate about organizing the Memecoin list highlights one of the main challenges facing encryption. Looking at the value of the main exchange list that can be a symbol code, many users questioned the arbitrary process.
These fears have become more clear in recent weeks, as Memecoin has become more prevalent after the Trump code was launched. Despite the prevailing interest, Memecoins struggled with other encrypted codes today with more than 11 % of the stagnation in the market.
Trump is one of the largest losers, as it decreased by 10 % to $ 26.55, which represents a 31 % decrease over the past seven days. However, other major Memecoins such as DOGE, Shib, PEPE, Pengu and Bonk have also seen losses of 19 % to 7 %.
Cryptopolitan Academy: How to write a biography of Web3 that lands – free cheating paper
