Charles Hoskinson, the founder of Cardano (ADA), believes that mimokinin resemble celebrities who are witnessing short -term fame before they came out.
In a new interview on the channel of all streets on YouTube, Hoskinson He says Memecoins needs to develop and develop user -use cases to avoid traffic by “throwing” – the practice of launching symbols with the only goal of enriching the informed.
So, the mimin is similar to the rise of celebrities who has 15 minutes of fame. This does not necessarily mean that celebrities will disappear forever, but they are in a temporary popular state. They must find a way to become sustainable quickly or otherwise, people stop attention.
On them. It is the only way they can stay on. So you usually have to build a society, you must start doing things with this society, and you must have a reason to reach people and continue to invest.
It is really difficult because, Memecoins is always designed to empty the interior. So the person who exports it, and the people who export it, is their only incentive is to pump the price to empty the price. Therefore, they must escape the disposal of dumping. “
Hoskinson also warns that Memecoins harm the encryption industry, as exporters tend to deplete capital from the market participants instead of helping to promote the adoption of digital assets
“What is happening is that you move the water from one side of the bathtub to the other side of the bathtub … [and] The exchange is open, goes to the founder’s pocket. So, you do not add water to the pelvis, you lose water over time … it is a net neutral or negative network. “
https://www.youtube.com/watch?
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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