melon

analyst @PastelAlpha

[melon @melonflips]

The bigger issue people overlook with all these proposed fixes on the TL is classic game theory.

Everyone in the trenches is acting in their own self-interest as its designed. If there's an opportunity to gain an advantage through other participants to extract more, such as sniping, bundling etc. people have no reason not to take it. What's stopping them?

That's the core structure of a permissionless market where everyone is competing for the same liquidity.

You can change launch mechanics, raise starting market caps, add restrictions, etc but none of that changes why people do these things in the first place. People will just find new ways to gain an advantage because the incentives are still there, it's just a new meta...

Everyone is incentivized to extract as much value as possible before someone else does, which collectively makes the environment worse for everyone. As more participants lose money and leave, liquidity dries up, opportunities become scarcer, and the remaining participants compete even more aggressively over what's left.

That cycle continues until there's practically nothing left to extract, or new liquidity enters the system and the process starts all over again.

"Saving the trenches" misses the point. People are trying to engineer solutions to what is fundamentally a problem of everyone fishing in a lake in a drought.

You can add more water and introduce more fish, but when everyone is incentivized to catch as much as possible, the lake just ends up emptying again.

And even if new features are added to gamify it, or make the trenches more exciting, new potential participants don't believe that they can make it anymore by participating.

You can't fix the game theory by changing the rules when the incentives remain the same. The irony is that everyone acting in their own self-interest is collectively destroying the very market they're trying to profit from, and the system itself incentivizes that exactly.
https://t.co/DF52Oj9Xeo

[shaams 🐂 @shaams]

I was gonna write a longer response to this about why all these “fixes” will never work, but honestly I think everyone can agree that it’s tiring to read the same conversations and arguments 24/7 now

If a narrative is actually good, it will go up no matter how it was launched (cashcat, goat, pnut etc all launched at 4k mc while bundling/tools existed)

Not to mention other launchpads have tried all of these solutions, but none of them stick (because the changes are irrelevant to “saving the trenches”) and we always return to the default

Yes there are things that could be improved, but most people are just driving themselves insane because they are trading literal slop all day while onchain volume is at multi month lows since the RH blow off top

Instead of blaming themselves and taking a break due to conditions being worse, they instead psyop themselves into believing that they’re losing money because coins launch at 3k mc

Which is ironic because the same people had some of their highest pnls 1-3 months ago while coins were… still launching at 3k mc

[melon @melonflips]

@0xBiZzy Everyone keeps competing for a smaller pool of money

Game-theory

[bizzy @0xBiZzy]

Social trading has completely changed the way people trade memecoins. The edge has shifted from finding good trades to having enough influence to create them.

Callout rewards are only accelerating and institutionalizing that shift, making it more profitable to get others to trade than to trade yourself.

What happens when everyone is incentivized to call and fewer people actually want to trade?

It’s basically rewarding the extraction of value from the same participants the entire market depends on to survive.

And it’s not like I’m saying this out of jealousy or anything. I have a large enough following to benefit from this system myself, but I genuinely hate what the market has become, and I don’t think it’s healthy.

I used to love trading, but the current market structure has made it pretty much untradeable. At this point, it feels -EV to actually trade rather than just optimize for callout rewards and I know I’m not the only one that feels this way.

I honestly didn’t see it at first but it’s clearly unhealthy for the space to be so dependent on a single platform that they are able to introduce incentives that fundamentally change how people participate in the market.

[melon @melonflips]

@TuckerCarlson o

[melon @melonflips]

@binance uhh

[melon @melonflips]

@elonmusk @battleangelviv Elon, don't we need a decentralized way to distribute universal basic income to everyone in the world if working will be pointless in the future?

[melon @melonflips]

@UBC_Conference @nemild @ycombinator W UBC

[melon @melonflips]

@metaversejoji As of the current state of the market and how it's adapted through public multiwalleting, hes unfortunately "right" even though creators saying this will just ruin the trenches even more

[melon @melonflips]

@a1lon9 @TradingTerminal @Pumpfun 👋

[۟ @MINHxDYNASTY]

if you don't chase fast money, you'll make money fast

[melon @melonflips]

If you have $1000 and are new to crypto, learn

Waiting for a pve coin when you are new and don't understand what shit is yet means you will not catch the PvE.

If anything, with socialFI now, cabals are bullposting coins saying they will go to 100m when most top early.

Flip things and sell for quick cash, this is a game of flipping and positioning yourself to sell on believers (this changes as market conditions improve) but as of now the r/r of holding isn't there for new traders (and never has been since your new and need capital)

Make your money and work like a dog to learn, you will make money that way

https://t.co/axkiMsAyRm

[Shadooow @ShadooowOnX]

Insentos explains how he would trade with only $1K in his portfolio

"If I had a $1,000 port, I wouldn't trade at all. I'd just study and wait for that almost PVE, kind of guaranteed play"

"The last thing you want to do is get zeroed out and not be able to trade. If I'm a new trader with $1,000, I'm just waiting for a PVE narrative and studying every single day"

"There's always going to be another Ansem coin, another PVE narrative that's kind of guaranteed to go up"

[melon @melonflips]

@CookerFlips @PastelAlpha BEST GROUP WE ALL ATE!

[melon @melonflips]

@CookerFlips @PumpfunEco @PastelAlpha Best OAT 🤞🏼

[melon @melonflips]

@404flipped proud of you!

[melon @melonflips]

@MEADGod For what ozzy

[melon @melonflips]

@0xRell Frfr

[melon @melonflips]

@CookerFlips Pastel on top

[melon @melonflips]

@chefboyardli @PastelAlpha Goatttt