look deeper, it is easy to see "scams/bullshit" but underneath nearly every major success story in crypto, is a decrease in trust requirements and an increase in social scalability: even , considered by many to be frivolous etc., was a huge success because it completely standardized the memecoin launch process through the bonding curve 'graduation' and liquidity-locking mechanism. . .essentially each memecoin creator enters into an unbreachable agreement, which requires less trust and enables more social scale these features derive from the 'hardness' property of blockchain systems...it is really the only area where blockchains excel...what's unleashed by the ensuing gains in social scaling may look like just rampant degen speculation at times, but it happens onchain because of the trust reduction, non-intermediation and ensuing increase to social scalability you must evaluate different crypto projects on whether they are net-adding or net-reducing trust requirements/counterparty risks...this is the single best anti-fraud diligence item in crypto, as if it is adding more trust requirements or keeping trust requirements the same, there is likely no reason to put that onchain. . . sources: