{"id":21221,"date":"2025-02-17T18:18:11","date_gmt":"2025-02-17T16:18:11","guid":{"rendered":"https:\/\/forklog.com\/en\/experts-debate-solutions-to-insider-issues-in-meme-coins\/"},"modified":"2025-02-17T18:18:11","modified_gmt":"2025-02-17T16:18:11","slug":"experts-debate-solutions-to-insider-issues-in-meme-coins","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/experts-debate-solutions-to-insider-issues-in-meme-coins\/","title":{"rendered":"Experts Debate Solutions to Insider Issues in Meme Coins"},"content":{"rendered":"<p>Should the community agree that insiders in meme coins warrant condemnation, a starting point could be the &#8220;formal ostracism&#8221; of those involved in fraudulent activities. This suggestion was made by Paradigm researcher known as samczsun.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">if we can agree that insider-driven memecoins are bad, then why not start by formally ostracizing anyone involved such that in the short term, the upside of one-time gains is not worth the downside of being made persona non grata, and in the long term, there are no gains at all?<\/p>\n<p>\u2014 samczsun (@samczsun) <a href=\"https:\/\/twitter.com\/samczsun\/status\/1891278052576936295?ref_src=twsrc%5Etfw\">February 17, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The expert believes that such a &#8220;social solution&#8221; would make one-time gains unattractive compared to the drawbacks of being deemed a &#8220;<a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%9F%D0%B5%D1%80%D1%81%D0%BE%D0%BD%D0%B0_%D0%BD%D0%BE%D0%BD_%D0%B3%D1%80%D0%B0%D1%82%D0%B0\">persona non grata<\/a>&#8221; in the industry.<\/p>\n<p>A user by the name of bigdsenpai supported the idea and urged significant efforts to implement it, to prevent the loss of &#8220;voices and industry.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">We\u2019ve collectively got to start making a serious effort at getting there, like ASAP \u2014 <br \/>If we can\u2019t, then the power vacuum of sleaze is always destined to be filled with more sleaze (with slightly different haircuts) &#038; all the liquidity\/energy\/optimism syphons off nonstop\u2026. <\/p>\n<p>We\u2026<\/p>\n<p>\u2014 Big D (@bigdsenpai) <a href=\"https:\/\/twitter.com\/bigdsenpai\/status\/1891235194348449866?ref_src=twsrc%5Etfw\">February 16, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Another participant in the discussion, known as wholisticguy, recalled the case of DeFi platform Mango Markets hacker Avraham &#8220;Avi&#8221; Eisenberg, who faced the &#8220;court of crypto social public opinion&#8221; before being held criminally accountable.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">I got a a better one Mango Markets exploiter Avi was first convicted in the court of crypto social public opinion<\/p>\n<p>Cc <a href=\"https:\/\/twitter.com\/laurashin?ref_src=twsrc%5Etfw\">@laurashin<\/a> <a href=\"https:\/\/twitter.com\/tayvano_?ref_src=twsrc%5Etfw\">@tayvano_<\/a> <\/p>\n<p>He was ultimately criminally convicted as well, but I can see a world where he could have skated if he wasn\u2019t first publicly incriminated<\/p>\n<p>\u2014 wholistic (@wholisticguy) <a href=\"https:\/\/twitter.com\/wholisticguy\/status\/1891292360962617722?ref_src=twsrc%5Etfw\">February 17, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Solana co-founder Anatoly Yakovenko questioned the effectiveness of the social layer&#8217;s &#8220;pitchforks.&#8221; He argued that such a tool is reactive to outcomes and lacks predefined rules.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Social layer pitchforks are themselves problematic because they are reactive to an outcome instead of some predefined set of well established rules.<\/p>\n<p>\u2014 toly ?? (@aeyakovenko) <a href=\"https:\/\/twitter.com\/aeyakovenko\/status\/1891271912921104652?ref_src=twsrc%5Etfw\">February 16, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The only way to do this is to make users have a social credit score and reject coins with low values,&#8221;<\/em> he noted.<\/p>\n<\/blockquote>\n<p>Yakovenko explained that the community might ostracize a key opinion leader, but then the fraudulent project&#8217;s team would simply switch to another.<\/p>\n<p>Trader Jordan Fish, better known as Cobie, also expressed skepticism about the proposed method. He emphasized that this issue arose even before the popularization of meme coins.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">I do not believe you can effectively socially shame the shameless.<\/p>\n<p>\u2014 Cobie (@cobie) <a href=\"https:\/\/twitter.com\/cobie\/status\/1891285627959689314?ref_src=twsrc%5Etfw\">February 17, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the expert, every time someone was shamed, they simply used the attention to make counter-accusations. He reminded that there are influencers who remain popular despite community pressure.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The people who should be shamed already know what they are doing and have chosen this path,&#8221;<\/em> he explained.<\/p>\n<\/blockquote>\n<p>In February, after being mentioned on social media platform X by Argentine President Javier Milei, an asset reached a capitalization of $4.56 billion, only for its price to plummet by 94% in the following hours.<\/p>\n<p>Later, analysts linked the tokens LIBRA and MELANIA to the same team.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Should the community agree that insiders in meme coins warrant condemnation, a starting point could be the &#8220;formal ostracism&#8221; of those involved in fraudulent activities. This suggestion was made by Paradigm researcher known as samczsun. if we can agree that insider-driven memecoins are bad, then why not start by formally ostracizing anyone involved such that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161,1138,36],"class_list":["post-21221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes","tag-opinions","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=21221"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21220"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}