Vitalik is right. It is said that more than 100,000 tokens can be issued on the SOL chain in one day, most of which are local dog memes. This is not the crypto world we want. Celebrities should cherish their feathers and not have no bottom line for money.
Vitalik: Celebrities issuing Meme coins are ugly and they eat money in the circle. If they have public welfare goals and other characteristics, they can get more respect. Vitalik Buterin responded to the discussion about "Celebrities issuing Meme coins" on the X platform and said: "So far, I am very dissatisfied with "this round of celebrity experiments". "Financialization is a means to an end". If the end is worthwhile (health care, open source software, art, etc.), I can respect it. But financialization as an end product is very unpleasant. Ashton and Mila's "Stoner Cats" is much more glorious than anything we have seen in the celebrity meme era in 2024-at least a real show has been funded. How can we push things in a better direction?" He also summarized the functions that celebrity crypto projects need to have, and he would be more willing to show respect: "1. Have some kind of public welfare goal, rather than making celebrities and early adopters rich. In fact, it is either an art project, a celebrity's favorite charity, or both; 2. Have some interesting mechanisms, not just trading tokens. Although I don't like token voting DAOs, at least they give people something to do and organize. DAO It shouldn’t completely dictate the agenda, but it can have some impact;
3. Do something that lasts more than 10 years, not something that gets forgotten in a few months;
The North Star should be: There is a project that ordinary people involved will be happy to do even if all the tokens involved eventually go to zero. Regular businesses and charities achieve this goal all the time. It’s a low bar, but what we build should also meet this standard. ”
$SOL