Post by TaxiJen

https://cointelegraph.com/news/bitmex-arthur-hayes-memecoins-provide-value-blockchains

Don’t be too quick to ‘poo poo’ memecoins: Arthur Hayes
BitMEX co-founder Arthur Hayes believes the crypto industry should think twice before writing off all memecoins as “stupid and valueless.”

“You can poo-poo these things as stupid and valueless, but if it brings attention and more engineers to the space, it’s positive value for the chain itself.”
“The chains that can support this culture are going to be the chains that have value,” Hayes said — adding that Solana and Ethereum stood as the most well-positioned networks to capture the flow of attention from memes

🐸🥽👀 @3 @4
Similarly, network and development activity on Bitcoin has grown significantly after a flood of BRC-20 tokens and Ordinals on the network around the same time.