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The Extraction Economy and Meme Coins: An Opinion from José Fernando Pereira
The Extraction Economy and Meme Coins: An Opinion from José Fernando Pereira
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José Fernando Pereira, Executive Director at Own, discusses meme coins and their evolution from community experiments into extraction systems that exploit human greed. These coins are launched with sophisticated machinery and large marketing budgets, targeting susceptible demographics. Artificial time pressures stimulate impulsive buying, and asymmetrical liquidity pools are designed for controlled price movement. Early participants exit when sufficient retail capital enters, mathematically requiring more losers than winners. Memecoin markets do not create external value, so profits come from other participants’ losses.
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