Cardano (Ada) founder Charles Hoskinson believes that the memekos are like celebrities who witnessed short -lived fame before burning.
Hoskinson in a new interview on The Wolf of All Streets YouTube he says Memecoins should develop and improve usage situations and user bases to avoid passing through a ‘dump’ – the application of starting coins to enrich those coming from inside.
“So a mememekoin looks like the rise of a celebrity with a 15 -minute fame. This does not mean that the celebrity will disappear forever, but it does not mean that they are temporary popularity. They need to find a way to be sustainable.
They have to do it. This is the only way to survive. Typically, you must create a community, start doing something with that community, you must have a reason for people to be there and continue to invest.
And this is really hard, because almost always, the distribution of mememekos has been built for casting from the inside. In other words, the person who gives it and those who come from the inside are to pump the price to reduce the price of the only incentives. That’s why they have to get rid of the dump. “
Hoskinson also warns that mememekos damage to the crypto industry, as exporters tend to evacuate the capital, rather than helping to increase the adoption of digital assets.
“What happens is to carry water to the other side of the bathtub by one of the bathtubs… [and] The evacuation is open, entering the founder’s pocket. Basically, you do not add water to the bathtub, you lose water over time… Net-Net is neutral or negative. “
Follow us X– Facebook And Telegram
Do not miss a rhythm – subscribe to receive e -mail warnings sent directly to your incoming box
Check the price action
Surfing the daily Hodl mixture
& nbsp
Waiver: The opinions expressed in daily HODL are not investment advice. Investors should make status determinations before making high -risk investments in Bitcoin, crypto currency or digital assets. Please your transfers and transactions are in your own responsibility and the losses you may encounter are your responsibility. Daily Hodl does not recommend that any crypto currency or digital assets be purchased or sold or that Daily Hodl be an investment consultant. Please note that daily HODL has participated in affiliate marketing.
Picture Produced: Midjourney
