Memecoins, these lightweight tokens often seen as harmless, may very well be the Achilles' heel of Web3. Dan Finlay, co-founder of MetaMask, recently explored their impact through a bold experiment. What was his conclusion? A weakened Web3 due to a lack of consent, transparency, and accountability. A reflection that shakes the certainties of the cryptocurrency ecosystem.

The bright illusion of Memecoins

Memecoins play a paradoxical role. While their lighthearted nature attracts crowds, their impact on Web3 is much darker.

Dan Finlay, co-founder of MetaMask, conducted a troubling experiment by launching two types of memecoins on Ethereum and Solana.

These creations, although satirical, have revealed profound flaws in Web3 regarding consent, trust, and accountability.

From the moment they entered circulation, the value of these cryptocurrencies rose artificially, peaking at a dizzying $100,000. But the excitement quickly gave way to chaos.

Finlay describes a move in which the lack of structure or clear vision drives investors to impose a forced meaning on assets without any real purpose.

This phenomenon not only exposes the limitations of the memecoin economic model but also the limitations of the trust supposedly supporting Web3.

Even more concerning, Finlay has become a target of threats from disappointed investors, a situation that raises questions about the health of the cryptocurrency community.

Is the tacit consent of users, which only includes agreeing to 'play' with these tokens, sufficient to justify such behaviors?

Web3: Between Promises and Disillusionment

Memecoins are not just anecdotes. They represent the existential challenges of Web3. In a space expected to be decentralized and equitable, they reveal a much harsher reality: the blurred lines between hype and accountability.

Finlay draws a bold parallel between these dynamics and the dynamics of artificial intelligence. On platforms like Bluesky, public data is used without clear consent, obscuring the social and technological expectations surrounding the concept of consent.

Thus, Web3 is suffering from a severe shortage of suitable infrastructure. According to Finlay, this is not an ethical issue but an urgent need for better tools and better incentives.

Precise token control, market limits for specific communities, or sales structures are all ways to break out of this deadlock.

Web3, like AI, must evolve to strengthen trust, clarify expectations, and respect user consent. Memecoins, though appearing as a joke, bring important lessons. To prevent Web3 from becoming a digital wasteland, it's time to reconsider its foundations. Meanwhile, bitcoin is on track to reach ATH.