Hot take: memecoins aren't the problem with crypto. They're a symptom.

The real issue is that we've convinced ourselves that speculation is the same thing as building.

Memecoins are honest about what they are. Pure speculation, pure entertainment, zero pretense about utility.

The actual problem is utility tokens that are just memecoins with extra steps & a fake roadmap.

At least Dogwifhat doesn't pretend it's solving world supply chain logistics.

If your "utility token" has no revenue model, no actual users, & a roadmap that's just "partnerships TBA," you're not building utility.

You're building a memecoin with a fancy pitch deck.

The market figured this out. That's why actual revenue generating utility projects are starting to separate from the pack, while others bleed.