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Patrice Riemens via nettime-l on Sat, 31 May 2025 08:46:20 +0200 (CEST)
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<nettime> Need a 101 on Meme coins (& their backers), read Matt Shea's
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- To: "<nettime> is a moderated mailing list for net criticism, collaborative text filtering and cultural politics of the nets" <nettime-l@lists.nettime.org>
- Subject: <nettime> Need a 101 on Meme coins (& their backers), read Matt Shea's
- From: Patrice Riemens via nettime-l <nettime-l@lists.nettime.org>
- Date: Sat, 31 May 2025 06:45:12 +0000 (UTC)
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- Thread-topic: Need a 101 on Meme coins (& their backers), read Matt Shea's
Hola Aloha,
For once, I am not going to c+p the Guardian article, because I find the whole subject very lateral to nettime. Yet if you eed a refresher on what Meme Coins and assorted crypto-scams (with a purpose) are about, then Matt Shea provides a brilliant one (immo):
https://www.theguardian.com/technology/2025/may/30/is-memecoin-scam-crypto-trump
Is every memecoin a scam?
According to David Gerard, the author of Attack of the 50 Foot Blockchain: “Basically, literally, yes.”
(...) the [only] one memecoin to offer a tangible benefit in the real world, is the one sold by the president [Trump]. (...) Unlike other memecoins, it offered something concrete: access to the president.
The times, they're getting beyond surreal ...
Enjoy your week-end all the same, p+7D!
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