According to TechFlow, on November 28, Cointelegraph reported that MetaMask co-founder Dan Finlay recently conducted experiments by issuing Meme coins on Ethereum and Solana to explore the issues of user consent and trust in the Web3 ecosystem. He issued tokens called "Consent" and "I Don't Consent" on Ethereum and Solana through the Clanker bot and Pump.fun platforms, respectively. The experimental results showed that rapid trading activities led to a significant expansion of the token value, and Finlay's tokens once exceeded $100,000.
However, the experiment revealed many problems in the Meme Coin ecosystem. Due to the lack of clear positioning and purpose of the token, investors continue to try to give it more meaning, and some people even threaten Finlay or demand a long-term development plan. Finlay compared this phenomenon to the issue of data consent in the field of AI, and specifically mentioned Bluesky's practice of using public posts for AI training without the user's explicit consent, calling for a more complete trust mechanism and user consent framework in the Web3 ecosystem.
Finlay said that the Meme coin ecosystem is in urgent need of better tools and incentives. He suggested establishing a new system that allows token issuers to exercise fine-grained control over tokens, including restricting transactions to specific communities and providing structured sales methods. He emphasized that this is not only about ethics, but also about building better products. "Applications should not become toxic asset pools, communities should not be filled with users who issue personal threats, and your shares do not have to be diluted by anonymous whales."
