So my friends in lisbon who were very and extremely early to ETH are all full send into memecoins.
It’s kinda sad and sobering talking to them as the vibe is glib.
But then I remember they throw the lavish parties and live in villas with pools, expensive art and cleaners. lol.
Anyway. Their initial hope and belief that ethereum might actually provide some financial innovation or help, for example, millennials get a home with some clever on chain mortgage have evaporated.
There’s now Revolut, Wise, Monzo all sorts of neobanking solutions and the stuff they tried on ethereum doesn’t work as well nor have the traction of incumbent solutions.
The idealistic devs are now worn out and jaded. The ones remaining are now trying to secure the bag…Hence meme coins.
They’re a bit older than me, 33 to 41 ish and some of them are chatting kids.
So the focus is now: how we can 100x “popcoin” or some other meme junk so they can buy a restaurant and live quietly in Portugal.
They know it’s all scam bag pumping scheme and there’s a meme coin cabal running the meme space but they don’t care.
Secure the bag and GTFO is the play.
They’re wicked smart it feels a waste of talent.
And no, despite my best attempts they don’t understand bitcoin.
Two of them were hedgies before ethereum. The other two are hardcore devs from Germany who spent time in Silicon Valley.
I guess they’ve been comparatively rich for at least a decade and they don’t really see the separation of money and state part.
It’s sad and a bit funny.
I wish they’d see the orange light but part of me resents the shite they’ve peddled for years.
Ramble over.
Have a good evening Nostr ✌🏻
