Dogecoin

Jason support ×1 ▼ on 🪙 Memecoins are negative-sum rug-pull machines E219 · 2025-03-15 ▶ 1:03:15

I'm going to stop buying meme coins, I'm going to start buying Bitcoin. I'm going to stop buying Bitcoin, I'm going to buy NVIDIA and things with real revenue.

Jason support ×2 ▼ on 🪙 Memecoins are negative-sum rug-pull machines E218 · 2025-03-08 ▶ 1:59:59

I think there should also be some nuance that you could work on specifically with this group of being clear that when you have a ticker symbol associated with something, or you do charts associated with something, you know, it starts to smell like a duck, it looks like a duck, it's quacking like a duck, but then in the terms of services, it says, hey, this is a collectible.

Sacks support ×2 ▼ on 🪙 Memecoins are negative-sum rug-pull machines E218 · 2025-03-08 ▶ 1:57:46

I mean, to me, collectibles are not securities, but if it's a collectible, you got to disclaim that, look, this has no intrinsic value, right? That's a collectible. Think about a baseball card. A baseball card is a piece of cardboard. It has no intrinsic value, but the value comes from basically other collectors being willing to buy it from you.

Jason support ×2 ▼ on 🪙 Memecoins are negative-sum rug-pull machines E216 · 2025-02-21 ▶ 49:31

People are gambling and they are being presented as financial instruments and they're trying to trick the suckers at the table, the suckers in this case being the people who voted for Milei.

Chamath support ×2 ▼ on 🪙 Memecoins are negative-sum rug-pull machines E216 · 2025-02-21 ▶ 51:02

there's these people called snipers that go and like pump up the bids right as soon as the coin gets launched. And then they're able to feed. So there's like this entire mechanism. It's all so shady.

Yeah. Look, I don't like meme coins. I think they're bad. And I think they're part of, like Patrick said, a broader suede of things that we need to figure out societally where the legalization of sports betting and combined with highly targeted advertising.

judging by the tweets that I see, there are a lot of ticker symbols and charts and prognostications about future price trajectories and so forth that lead me to think that people are placing somewhat more weight on the asset and security value of these

Friedberg support ×2 ▼ on 🪙 Memecoins are negative-sum rug-pull machines E216 · 2025-02-21 ▶ 47:08

I don't like them. I don't think that they're like good. I don't think they're productive. I think that a bunch of people are going to put money in and lose money. And a few people are going to make a lot of money.

Sacks support ×2 ▼ on 🪙 Meme coins are a blow-off top — take chips off the table E53 · 2021-10-30 ▶ 57:57

He said, listen, if you're out there listening and you're sitting on life-changing money, then Shiba Inu, sell. Take it off the table if you can. ... I'm amending my advice of let your winners ride to take some chips off the table prudently.

Chamath support ×2 ▼ on 🪙 Meme coins are a blow-off top — take chips off the table E53 · 2021-10-30 ▶ 50:46

And so, you know, I was talking to Nat about this and I was telling her these these examples and she's like, that's what sounds like a bubble.