Quote from: Phoenixtrader on June 05, 2024, 02:06:36 PM

I'm asking because I've witnessed a memecoin named MOTHER, which is backed by Iggy Azalea, go from a $100k market cap to over $100M in less than 7 days, with the potential to even hit $1B, in my opinion. That's amazing and electric if you ask me.

Having some celebrities make these type of decisions do not make sense, they are not worthy enough to make our decisions when it comes to this, we should realize that its not going to be that easy and we can't make it work any other way. I feel like its going to be fine, and we can make it work somehow. We should consider this to be something that's growing more in popularity because tokens spend a lot of money. So instead of spending money, thousands, into making some call owner richer, they just pay celebs, could be small time celeb, and give them some token with some USD as well, and can get them to shoot a video supporting it at least. That is why I think it's better that we could avoid this if we know what we are dealing with.

Quote from: Charles-Tim on June 05, 2024, 03:02:51 PM

The coins or tokens or meme coins or whatever you call it are only created by the celebrities to make money and nothing more than that. The celebrities do not care about people to make money. If they (the celebrities) are making money while the people that bought the coin are losing money, the celebrities do not care.

Yes, there are all acting like the brand ambassadors and nothing more. But, when someone adapt a coin with the reason of that coin's quality in terms of new algorithm or any solution which provides for an existing problem then we cannot complain. Theymos's support to Grin must be a classy example for this.