Memecoins, Macro, And AI with Crypto Billionaire Arthur Hayes & Murad Mahmudov

15 snips

Nov 8, 2024

Guest

Murad Mahmudov

Guest

Arthur Hayes

Join Arthur Hayes, crypto billionaire and co-founder of 100X Group, alongside Murad Mahmudov, meme coin investor and ex-CIO of Adaptive Capital. They dive into the booming world of memecoins, exploring their unique appeal in a digitally driven society. With insights on macroeconomic trends sparked by recent political events, they express skepticism about a DeFi resurgence. The duo contrasts Ethereum and Solana, highlights community-driven value in memecoins, and predicts AI's future role in decentralized finance. It's a no-nonsense discussion about the future of crypto!

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INSIGHT

Memecoins: Market Purifiers

Memecoins purify the crypto market by acting as a check and balance against altcoin grift.
They will gradually separate into cash flow coins and speculative coins.

ANECDOTE

Uniswap's Missed Opportunity

Uniswap, despite generating billions in fees, hasn't rewarded token holders.
The token price suffered as a result, demonstrating the market punishes non-revenue sharing.

ADVICE

Target Asia for Crypto Growth

Focus on Asia for crypto growth due to its large population and banking backwardness.
Target younger demographics and localize content beyond English.

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Memecoins are absolutely dominating mindshare in today's crypto economy. While they might be easy to dismiss as passing fads, there appears to be something bigger happening here which we wanted to explore.

So, we sat down with Arthur Hayes and Murad Mahmudov to discuss the unique structure of memecoins as a new asset class designed for a generation deeply immersed in social media and digital interaction: Zoomers themselves.

We started discussing the recent Trump victory and the idea of a DeFi renaissance, with revenue generating cryptoassets being potentially favorable. However, both Murad and Arthur had thoughts which suggested this isn't exactly the case...for now. We went on to discuss how memecoins bypass the technical complexity of DeFi, focusing instead on creating spaces where online communities gather, trade, and rally around shared ideals. As macro forces like money printing and inflation reshape global markets, memecoins have been one of the largest beneficiaries in terms of growth.

We asked Murad how he plans to exit, why Arthur is an ETH maxi vs. Murad's BTC maximalism, the Ethereum vs. Solana discourse, as well as the speculation on AI memecoins.

From Murad's take on the potential for memecoins to sustain multiple market cycles to his bold predictions on AI’s role in DeFi’s future, this discussion was very straight-to-the-point, no BS.

- X - https://x.com/MustStopMurad

- X - https://twitter.com/CryptoHayes

- Instagram - https://www.instagram.com/arthur__hayes

- Newsletter - https://cryptohayes.substack.com

- Website - https://maelstrom.fund

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𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘋𝘦𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘤𝘰𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘩𝘦𝘳𝘦𝘯𝘵 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘳𝘪𝘴𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘦𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦. 𝘈𝘵 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘸𝘦 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘳 𝘧𝘦𝘦 𝘢𝘴 𝘢 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱, 𝘪𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘤𝘢𝘴𝘦 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘢𝘭𝘸𝘢𝘺𝘴 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘪𝘵 𝘪𝘴 𝘤𝘭𝘦𝘢𝘳. 𝘞𝘦 𝘢𝘳𝘦 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘢𝘯 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮, 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘸𝘦 𝘰𝘧𝘧𝘦𝘳 𝘪𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘦 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴 𝘰𝘳 𝘭𝘪𝘤𝘦𝘯𝘴𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳𝘴.