Thursday Melbag: Dinner, Memcoins and Lobist

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Question: What was the dinner with the cost of the President?

To qualify for the final trump holder Dinner with president 4,196 tokens were held, which cost around $ 60,000 in the cut-off.

But this is not the cost of the invitation, as the holders were free to sell as soon as the period or record ended.

If they had done, they would suffer about 10% losses, causing the actual cost of dinner with the President (and 219 others) to about $ 6,000.

This is a deal!

For comparison, a super PAC Sold ticket For “Candlete Dinner” with President in March $ 1 million Each – 166x more!

The donors were also offered a meeting with the President for $ 5 million.

I think, Trump seems to be roughly equal with a 25-person VIP meatup for token holders, which cost $ 240,000 for those who were sold immediately after qualifying.

Many used to sell, including the final VIP qualifier, whose wallet now shows the balance of zero trump.

Broadly 40 others were as soon as they were eligible – including many mature jokes, who had reduced their grip to 69 tokens (dinner interaction would be riveting, I am sure).

This type of competition for gaming can have results-I am estimating zero and close-zero holders will be seated away from at least pots.

But the 220th holder appears to be a true believer: they Double His Trump Holdings after the competition ended.

Maybe earn them Second scoop Of ice cream?

Let’s hope that they will report back.

Question: Are Memcoin making a comeback?

He is less dead than as I thought – forgotten PAN flash, Moo Deng is more than 600% in the last one week.

On Tuesday alone 63,000 new Solna-based tokens were also created (almost all of which are possibly qualified as Memcoin):

I could not give a single name, though – in fact, I could not miss the last time I had heard of a new memecoin launch.

Memecoins do not have mind almost once, and List Memcoins that are above this week (goat, PNUT, FWOG, Popcat…) seems dated as the playlist of the 1970s disco hits.

This is probably a good sign.

with luck, nobody The memecoins created tomorrow will get traction – and with a little more luck, which will encourage Crypto investors and builders to recover their time and money towards projects that are useful for people.

We are not yet there – Blockworks Research data shows that memecoins still trade 14X more than “project tokens:”.

Question: Should Memcoin be regulated?

They are collectable, not securities, so I think not.

But the objective of securities regulation is to encourage retail participation in the stock markets, which makes people realize that the playground is level.

Therefore, if the Crypto industry wants retail crypto to participate in the markets, it may have to be self-controlled in some way, which makes people feel that crypto is also a playground for investors.

Memcoins give the opposite impression, as only internal formulas appear to be rich with them.

This is a problem because you only need to debate children on tag or kickball rules on a playground, to know that a game that does not seem appropriate will not last for a very long time.

Question: Publicity 4x on stock exchange will be more valuable?

It was fun Listen David Balin, formerly the main investment strategist in the city, quote hyperlicid as an example of how traditional investors can diversify their investment portfolio.

In response to the host’s specific question about the abstract value of Crypto, he replied, “It is true that memecoin and NFT and goods do not generate revenue, but there are a handful of other people who are online that really generate revenue every day and you can see it.”

Truth!

Unfortunately he repeatedly obtains -1 points to say “online” when he means “Onchain.”

But I think it’s good news, also-even investors who are not completely clear on the difference between investors and onchain, they are interested in deep cuts as hyperlicids, we are really progressing.

“This is a company that was Robinhood or whether it was a coinbase, it would probably be worth 4x what its market cap is in the digital world.”

4x!

I am eager to see mathematics on it, as hyperlicid trades about 17X revenue and Robinhood trades … wait for it … 17X Revenue.

Hyperlicid probably has a lot of margin – it somehow returns All Revenue to token holders.

But Robinhood trades on 34x earnings, so even though hyperlicid has a 100% net margin (which is possibly impossible). It will only be 2x underwelled vs. Robinhood.

On the other hand, the stock market has valued bitcoins organized by Née Microstrategy on 2X which is otherwise worth it and Bitcoin promised a SPAC (canter equity partners) on 3X as to what it is otherwise.

So perhaps Balin has the right to give importance to hyperlicid on the stock market 4X what the Crypto market does, who knows.

Question: Is Trump a Memcoin?

Now we can determine it.

Prior to the announcement of the dinner competition, Trump Token has not withdrawn all its benefits, which means that the holders believe that it will continue to be utility above whatever it was already as a memecoin.

In particular, the additional $ 700 million market capitalization has been maintained, can be seen as the current value of future trump utility.

Trump’s market cap is $ 2.6 billion, so I argue that it is now 75% memecoin and 25% utility token.

If $ 700 million seems too much, consider that Roger Ver paid a lobist $ 600,000 To try to draw the attention of the President on their behalf; Donald Trump Junior has a waiting list to pay $ 500,000 to visit the new private club “executive branch“Who promises access to less government officials, and Qatar offered an airplane of $ 400 million to the President – possibly to be his good experienced.

Relative to this, Trump’s coin is a very cheap way to draw the President’s attention.

Can Crypto disappoint DC lobists?

This is not the case of the case for which anyone was expecting, but it is definitely a real value.

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