Key points from Murad's speech:
-Memecoin, old and new, outperforms all other tokens.
-Tokens are overvalued before listing due to the involvement of various parties (founders, VCs, angel investors, centralized exchanges, market makers, KOLs, etc.), which ultimately leads to retail investors as exit liquidity.
-Memecoin has proven their "role" through DOGE, SHIB, PEPE, and WIF. I am definitely not a Memecoin supporter, but I documented PEPE and WIF in their early stages and why they are interesting.
-The cryptocurrency industry is actually a token production industry disguised as a software production industry.
-Memecoin's distribution method is more organic, decentralized, and fair. Poor holders become unpaid full-time promoters.
-Retail investors ultimately care about making money, enjoyment, and belonging.
-All tokens (whether technical or meme) are gambling tables in a casino. “Why should we play at your table when we can have our own?”
-Memecoin supercycles also have external factors: inflation, AI replacing jobs, income inequality, loneliness, mental health issues, more time online, and fewer ways to “success”. It’s called: financial nihilism.
-Altcoins are not primarily about technology, and Memecoins are not primarily about Memes. Both are tokenized communities that attract people and drive prices up through different narratives and technologies.
-The best Memes become a culture, even a small religion, with shared values, lifestyle principles, ideals, ideologies, artwork, activities, hopes and visions.
