BitMEX Founder Arthur Hayes Says Memecoin Explosion Provides Positive Value for One Major Ethereum Rival
BitMEX founder Arthur Hayes says that memecoins are a net positive for blockchain ecosystems, despite criticisms. In a new interview with Real Vision founder Raoul Pal, Hayes says memecoins are a “powerful” form of expression for the masses. “You move to ETH then you move to Solana, and then all of a sudden you’re trading Slerf, or Dogwifhat, and it’s fun. It’s just humans experimenting and playing games with each other that have monetary payouts on the internet. I think it’s a lot of fun. Obviously, trade with responsibility and all that kind of stuff. But it’s pure emotion, there’s no central authority telling you what you can or can’t do. Whatever someone wants to list, they just do it and it either succeeds or fails instantly, and I think that’s super powerful. And for the first time in a long time people are having fun doing this thing called trading. Some of it is tasteless memes but whateve...