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Learning & News => News related to Crypto => Topic started by: newshunter on July 08, 2023, 07:00:53 PM

Title: Do memecoins have a place in crypto — Where they stand
Post by: newshunter on July 08, 2023, 07:00:53 PM

Do memecoins have a place in crypto — Where they stand

Memecoins fill a cultural need. People may not understand zero-knowledge succinct argument of knowledge (SNARK) scaling solutions, but they might own dogs, cats or other pets.

Source: Do memecoins have a place in crypto — Where they stand (https://cointelegraph.com/innovation-circle/do-memecoins-have-a-place-in-crypto-where-they-stand)

Would appreciate your opinion about this

Title: Re: Do memecoins have a place in crypto — Where they stand
Post by: WizardOfAlts on July 10, 2023, 02:41:11 PM

Yes  they do, some of them are actually really usefull... The memecoin Dogecoin (https://bitculator.com/en/cryptos/dogecoin) is perfectly decentralized, and has no public "inventor" which makes it kinda like Bitcoin and the SEC will not go after it, because who should they take Legal Actions against.

Memecoins also tend to be favorable for some investors, especially if they have some interesting history, or failed projects like FTX Coin could also be of interest