Zeke Fox

Yeah, so the original idea with Bitcoin, which is now like 15 years old, was that it would be some sort of alternative to the US dollar. Like it would be this decentralized digital money, and we would use it for everyday transactions. And that totally has not come true. Nobody is using cryptocurrency for regular stuff.

But what has happened is there's been this proliferation of new cryptocurrencies. And some of them are almost like stocks and startups. Some of them are still trying to be alternatives to real currencies. And then at the absolute dumbest end of the spectrum, we have meme coins. These are... The original meme coin was Dogecoin.

But what has happened is there's been this proliferation of new cryptocurrencies. And some of them are almost like stocks and startups. Some of them are still trying to be alternatives to real currencies. And then at the absolute dumbest end of the spectrum, we have meme coins. These are... The original meme coin was Dogecoin.

But what has happened is there's been this proliferation of new cryptocurrencies. And some of them are almost like stocks and startups. Some of them are still trying to be alternatives to real currencies. And then at the absolute dumbest end of the spectrum, we have meme coins. These are... The original meme coin was Dogecoin.

And this was... It was created as a kind of parody of the Bitcoin and what the creator saw as its get-rich-quick mentality. So they said, hey... We've got this new cryptocurrency. It's represented by this picture of a dog. We're calling it Dogecoin. It does absolutely nothing. We are not saying it will ever do anything in the future.

And this was... It was created as a kind of parody of the Bitcoin and what the creator saw as its get-rich-quick mentality. So they said, hey... We've got this new cryptocurrency. It's represented by this picture of a dog. We're calling it Dogecoin. It does absolutely nothing. We are not saying it will ever do anything in the future.

And this was... It was created as a kind of parody of the Bitcoin and what the creator saw as its get-rich-quick mentality. So they said, hey... We've got this new cryptocurrency. It's represented by this picture of a dog. We're calling it Dogecoin. It does absolutely nothing. We are not saying it will ever do anything in the future.

There's literally no way this could ever actually be worth money. Now, how would you like to buy some? And as it turned out, a lot of people did buy some and people made tons of money on Dogecoin because this became kind of an online craze. And it was similar to the GameStop and AMC phenomenons during the pandemic when basically traders kind of

There's literally no way this could ever actually be worth money. Now, how would you like to buy some? And as it turned out, a lot of people did buy some and people made tons of money on Dogecoin because this became kind of an online craze. And it was similar to the GameStop and AMC phenomenons during the pandemic when basically traders kind of

There's literally no way this could ever actually be worth money. Now, how would you like to buy some? And as it turned out, a lot of people did buy some and people made tons of money on Dogecoin because this became kind of an online craze. And it was similar to the GameStop and AMC phenomenons during the pandemic when basically traders kind of

went crazy and pumped up the value of these stocks, like way beyond anything that could be justified by their real business. And in crypto, when you've got like a good story, like, oh, Dogecoin, people got rich on Dogecoin. Very quickly, there's copycats. And in the last couple of years,

went crazy and pumped up the value of these stocks, like way beyond anything that could be justified by their real business. And in crypto, when you've got like a good story, like, oh, Dogecoin, people got rich on Dogecoin. Very quickly, there's copycats. And in the last couple of years,

went crazy and pumped up the value of these stocks, like way beyond anything that could be justified by their real business. And in crypto, when you've got like a good story, like, oh, Dogecoin, people got rich on Dogecoin. Very quickly, there's copycats. And in the last couple of years,

there have just been tons and tons of meme coins and what distinguishes a meme coin from other cryptocurrencies is that there is no promise that it will ever do anything there's at best this is like a zero-sum game where the early people might make money and the later people lose money but in reality

there have just been tons and tons of meme coins and what distinguishes a meme coin from other cryptocurrencies is that there is no promise that it will ever do anything there's at best this is like a zero-sum game where the early people might make money and the later people lose money but in reality

there have just been tons and tons of meme coins and what distinguishes a meme coin from other cryptocurrencies is that there is no promise that it will ever do anything there's at best this is like a zero-sum game where the early people might make money and the later people lose money but in reality

it's a game that is generally rigged by the insiders and that money comes off the top and a lot of the gamblers think they're the smart ones who are going to get in early and win the game but are in fact the bag holders, the ones who are getting dumped on by the insiders. And that's like this happens again and again. And people just don't seem to learn their lesson.

it's a game that is generally rigged by the insiders and that money comes off the top and a lot of the gamblers think they're the smart ones who are going to get in early and win the game but are in fact the bag holders, the ones who are getting dumped on by the insiders. And that's like this happens again and again. And people just don't seem to learn their lesson.

it's a game that is generally rigged by the insiders and that money comes off the top and a lot of the gamblers think they're the smart ones who are going to get in early and win the game but are in fact the bag holders, the ones who are getting dumped on by the insiders. And that's like this happens again and again. And people just don't seem to learn their lesson.

They just seem to sort of like this meme coin game.