Eddie Lazzarin criticized the hype around memcoins, saying they undermine trust in the entire cryptocurrency industry. Memcoins are not technically interesting and not attractive to developers, the expert believes. This type of token is giving blockchain a bad name, changing how society, regulators, and entrepreneurs view digital assets.
At best, memetokens are like a risky casino. The false promises of their creators can negatively affect the regulation of cryptocurrencies, since every day investors lose money when buying junk tokens, complains the top manager of Andreessen Horowitz. The expert is sure that meme cryptocurrencies will never reach the mass level, unlike Bitcoin.
However, Arthur Hayes, co-founder of crypto derivatives exchange BitMEX, disagrees with the criticism of memecoins. On the contrary, he is confident that meme tokens can attract public attention to the blockchains on which they are created.
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