@TrustlessState@consultantweet Agree that Warren and friends will not deliver the right solution. However, capitalism in its pure form is intrinsically centralizing: Those with an edge will acculumate for themselves and extract from others.
@JustDeauIt I didn't judge, just said ice cream and memecoins have been different categories.
"Have been", because memecoins have had undisclosed insiders who got the coins for much lower value and sold to gullible buyers.
@JustDeauIt So those buyers got value at first, the "joy", but later noticed that their net worth was gone. That's extraction. Do you see a change in that regard?
P.s. I love ice cream and obviously can't be studying all the time.
@JustDeauIt Disagree. Concerts, ice cream, memecoins, pokemon do provide value. But the extractive side (price, value loss) can destroy it.
Memecoins and scalped concert tickets have been a different category than ice cream.