This sort of top-down tyrannical paternalism is always folly.
“Paternalism: the policy or practice on the part of people in positions of authority of restricting the freedom and responsibilities of those subordinate to them in the subordinates’ supposed best interest.”
Is dumping the tokens in ANYONE’S best interest besides Gitcoin’s?
No. So let’s not pretend.
Destroying others in order for you to get ahead is what it has always been: robbery, looting, and pillaging at worst - parasitic vampirism at best.
Back to the folly of paternalism: It is not up to any one of us to censor the entire cryptoverse in the way in which we alone see fit. This sort of unilateral action (not supported by anyone but you) is myopic, tyrannical, and stifles innovation - everything Gitcoin is supposed to be against!
The whole reason the cryptosphere is so attractive to many is because it’s a new frontier! It’s freedom!
In a world completely bogged down by overreaching big government and corrupt institutions - you actually propose that what crypto needs is our freedom to be restricted in these various ways you alone see fit?
I am here to tell you, you could not pick a more assured losing strategy if you tried.
And to the point: No one is asking you, Gitcoin, or anyone to “legitimize” meme coins. They are already legitimate! Look at their widespread popularity! You can’t argue with market forces. Supply will rise up to meet demand - period. All we are asking you to do is not destroy $AKITA. That’s it. No straw man fallacy about legitimizing memes or leading the ignorant masses to their doom. That is not what’s on the chopping block here. It’s the future of $AKITA. Will you act as stewards, protecting and nurturing your windfall and our investment - or will you plunder us, at the expense of tens of thousands of innocent people?
No one - absolutely no one - views these sorts of high-volatility meme coins as assured pathways to everlasting wealth and happiness. Notwithstanding the fact that $AKITA has a real, actionable plan to become more than just a meme coin, and an extremely strong and passionate community to help assure that becomes a reality - these sorts of speculative coins are fun. Period. The ups and downs give you exits and entries, allowing newcomers with limited patience and risk tolerance to play the game within a timeframe that is acceptable to them. Without the volatility, the game would not be fun - and no one would be interested. You’d have a fraction of the newcomers you’re seeing coming into crypto right now. And this would be a net-negative for Gitcoin and crypto as a whole.
Do you know how many people are still out there who have no idea that their life savings is being inflated away? And that the permanent, unstoppable upward trend of crypto asset values is as much the debasement of their fiat currency as it is the success of crypto?
These people will open their eyes voluntarily, in their own time, as they are able to see more and more. You need to create as many doorways as possible to let them in. And you need to roll out the red carpet at each of these doorways and present crypto in a way that is appealing to the tastes of whichever individual may be walking by. This means variety. Yes you have your blue chip “investment grade” coins, and your idealistic utopia projects. But you also have fun things, interesting things, promising things, risky (exciting) things, etc.
Take it from a businessman: curb appeal matters. You have to have ways to draw new customers into your store. This is what the meme coins are doing.
If you want people to care about what you’re doing, you need to attract them here in the first place.
You catch flies with honey, guys. Honey! Not vinegar.
Again, as a businessman, I am here to tell you that you can not fight market forces. Customer demand wants what it wants, and supply WILL rise to meet it - whether you’re the supplier or not! Whether you agree with it, approve of it, or not!
If customers want cheeseburgers, it is not up to us to tell them that steaks are superior!
Our job, as businessmen, is to create value for the customer by solving their problem with the most affordable solution (the best cheeseburger for the money).
Meme coins are that. You can not argue with popularity. The market has spoken = the People have spoken. And let us not forget what happens when the people grow unhappy with those in authority.
It is not up to you, me, or anyone to try to steer the whole world of crypto to suit any one of our individual visions. This is no “guilt trip”. The consequences here are as real as it gets. Please, have some reverence for the significant burden of responsibility placed upon you at the moment. The fate of tens of thousands is literally up in the air right now, waiting for your announcement. Look at what happened to $AKITA’s price last night when the news of VB burning the Shiba tokens got out. We are all waiting with bated breath.
Will you act as good stewards, or will you plunder us?
The world wants to know. I hope you’ll choose wisely.