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Charles Hoskinson on Memecoins: Short-Lived Fame and the Need for Evolution

  • Charles Hoskinson explains the inherent issues with memecoins and predicts most of them will fail.
  • Hoskinson compares memecoins to celebrities with temporary popularity and emphasizes the need for sustainable evolution.
  • Survival of memecoins depends on building dedicated communities, providing real-world use cases, and moving away from insider profit models.
  • Hoskinson believes memecoins are detrimental to the broader crypto industry as they fail to contribute lasting value.

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