Meme coins: Betrayal of crypto’s ideals… or its true purpose?
Meme coin fans think “serious” crypto investors are mid-curving it. Serious crypto investors think meme coin fans are idiots.
When Satoshi Nakamoto invented Bitcoin (BTC), the anonymous cryptographer envisioned a world where people would free themselves from the iron shackles of banks and tyrannical governments.
What he probably didnt expect, though, was a crypto industry teeming with badly drawn frog, cat and dog tokens, along with a sprinkling of racist memes.
With coverage of the fourth Bitcoin halving overshadowed by a speculative mania in meme coins including on the Bitcoin network itself its not surprising to see a very vocal debate over the value of meme coins to the crypto industry.
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Author: Felix Ng
