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In a recent blog post, Ethereum co-founder Vitalik Buterin called for a more proactive approach to meme coins and crypto gaming. Buterin also urged developers to create projects that positively contribute to the ecosystem and the world at large.
Buterin’s post comes amid growing concern over the rise of meme coins, particularly on the Solana blockchain, which has been criticized as having no substance.
Main highlights:
- He suggests that issuing coins could become a new way to fund important public projects such as cancer research and environmental protection.
- Buterin acknowledges the current trend of meme coins. Meme coins often provide no value and upset participants in the long run.
- Buterin has proposed the idea of a “charity coin,” in which a portion of the token supply or recurring fees would be used to support public goods.
- He also introduces the idea of a “Robinhood Game” that combines the fun and democratic aspects of meme coins.
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Looking back at a post he made a decade ago, Buterin argues that coin issuance can become a third category of large-scale fundraising techniques, along with markets and institutions.
He allows people interested in specific causes, such as cancer research or environmental protection, to hold, accept, and trade coins specific to those causes, effectively determining which projects receive funding. I envision the future.
Buterin is aware of current trends in meme coins
But Buterin also recognizes the current trend in meme coins. Meme coins often lack substance and disillusion participants in the long run. He cites the example of the racist Solana meme coin and a general complaint expressed by many in the cryptocurrency community.
Buterin suggests a potential solution is a “charity coin” where a significant portion of the token supply and recurring fees go towards supporting public goods. He mentions examples such as GiveWell Inu and his Fable of the Dragon Tyrant, which have attempted to implement this idea with varying degrees of success.
Taking this concept further, Buterin introduces the idea of a “Robinhood Game” that combines the fun and democratic aspects of meme coins with meaningful gameplay and financial inclusion for low-income people.
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He suggested that blockchain could host games like World of Warcraft and provide participants with a more engaging, positive-sum experience as opposed to simple copy-and-paste coins. I am.
In conclusion, Buterin calls for a more nuanced approach to the “degenerate” part of the crypto space. He also urged developers to create more high-quality and enjoyable projects that positively contribute to the ecosystem and the world.
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