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James Sneed

๐Ÿ‘ค Speaker
201 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
The Parable of Peanut the Memecoin

At the same time, Mark was acutely aware that the charismatic squirrel whose fame had been helping him make money and feed hundreds of mouths was now gone. The stream of new squirrel content that had drawn in so many eyeballs and opportunities over the years had been cut off, and the magnitude of his expenses was starting to dawn on him.

Planet Money
The Parable of Peanut the Memecoin

And it's around this time that Mark was made aware of the latest and most lucrative new evolution of the modern attention economy, something that would present the possibility of previously unimaginable wealth, but also the peril of losing control of his story altogether.

Planet Money
The Parable of Peanut the Memecoin

And it's around this time that Mark was made aware of the latest and most lucrative new evolution of the modern attention economy, something that would present the possibility of previously unimaginable wealth, but also the peril of losing control of his story altogether.

Planet Money
The Parable of Peanut the Memecoin

And it's around this time that Mark was made aware of the latest and most lucrative new evolution of the modern attention economy, something that would present the possibility of previously unimaginable wealth, but also the peril of losing control of his story altogether.

Planet Money
The Parable of Peanut the Memecoin

It turned out that there was an enormous new meme coin market fueled almost literally on attention. A kind of new casino where anonymous hordes gamble on viral memes in hopes of making outrageous sums of money.

Planet Money
The Parable of Peanut the Memecoin

It turned out that there was an enormous new meme coin market fueled almost literally on attention. A kind of new casino where anonymous hordes gamble on viral memes in hopes of making outrageous sums of money.

Planet Money
The Parable of Peanut the Memecoin

It turned out that there was an enormous new meme coin market fueled almost literally on attention. A kind of new casino where anonymous hordes gamble on viral memes in hopes of making outrageous sums of money.

Planet Money
The Parable of Peanut the Memecoin

He dives headfirst into the meme coin casino to try to find financial justice for Peanuts.

Planet Money
The Parable of Peanut the Memecoin

He dives headfirst into the meme coin casino to try to find financial justice for Peanuts.

Planet Money
The Parable of Peanut the Memecoin

He dives headfirst into the meme coin casino to try to find financial justice for Peanuts.

Planet Money
The Parable of Peanut the Memecoin

Mark couldn't figure out exactly who was behind the peanut coin, and neither could we. The people who launched these meme coins are generally very careful not to reveal their identities. But from what Mark could see, these people were presenting the coin as if he had helped make it, and he felt like the story was being taken away from him.

Planet Money
The Parable of Peanut the Memecoin

Mark couldn't figure out exactly who was behind the peanut coin, and neither could we. The people who launched these meme coins are generally very careful not to reveal their identities. But from what Mark could see, these people were presenting the coin as if he had helped make it, and he felt like the story was being taken away from him.

Planet Money
The Parable of Peanut the Memecoin

Mark couldn't figure out exactly who was behind the peanut coin, and neither could we. The people who launched these meme coins are generally very careful not to reveal their identities. But from what Mark could see, these people were presenting the coin as if he had helped make it, and he felt like the story was being taken away from him.

Planet Money
The Parable of Peanut the Memecoin

Over the next month, Mark would get a lot more than a clue. He started to wade deeper and deeper into the world of meme coins in hopes of getting a cut of these massive profits they were making. And he discovered that not only had people made meme coins out of peanut, but several of his other farm animals.

Planet Money
The Parable of Peanut the Memecoin

Over the next month, Mark would get a lot more than a clue. He started to wade deeper and deeper into the world of meme coins in hopes of getting a cut of these massive profits they were making. And he discovered that not only had people made meme coins out of peanut, but several of his other farm animals.

Planet Money
The Parable of Peanut the Memecoin

Over the next month, Mark would get a lot more than a clue. He started to wade deeper and deeper into the world of meme coins in hopes of getting a cut of these massive profits they were making. And he discovered that not only had people made meme coins out of peanut, but several of his other farm animals.

Planet Money
The Parable of Peanut the Memecoin

Doing that caused the price of that coin to collapse at the expense of everyone still holding it. And Mark's reputation in the crypto world took a dramatic turn south.

Planet Money
The Parable of Peanut the Memecoin

Doing that caused the price of that coin to collapse at the expense of everyone still holding it. And Mark's reputation in the crypto world took a dramatic turn south.

Planet Money
The Parable of Peanut the Memecoin

Doing that caused the price of that coin to collapse at the expense of everyone still holding it. And Mark's reputation in the crypto world took a dramatic turn south.

Planet Money
The Parable of Peanut the Memecoin

To get a sense of what this all looked like to the people inside the meme coin casino, we talked to a guy named Wilk Itzen.