this
people want to buy the ICO promising to be uber on the blockchain
or a fast privacy coin
or whatever bizniz
not overt scams where you know you have to jump before you're left holding the back, or worthless gay meme communities
Even though I don't think pokemon meta will last long, if anything, it proves a bigger underlying trend in crypto:
Most participants are tired of crime, crime is boring. They want hallucination. Hallucinating TAMs is what made crypto a powerful investment vehicle. Just look at the market cap of Bitcoin, it's based on a very big collective hallucination (this is bullish)
The point of crypto was never to speculate on whether a bunch of insiders would crime up the token. You'll always be at a disadvantage here due to information asymmetry. The point of crypto speculation in crypto is to enable collective hallucinations
From
'The WLFI team will crime it up'
To
'FARTCOIN IS A GREAT MEME, EVERYONE FARTS! THIS IS GOING TO 10B!'
Will try to write a long form on this soon
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