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Perfect drunken afterparty coda to the saga... my $200 donation to the thing got me 42k $PEOPLE a few weeks ago, and because I was lazy about claiming my refund, this morning I found myself holding 42k worth of the latest, greatest memecoin, worth about $3200 🙄
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I just sold about 8000 to bank about a 2x return, net of tx fees, and am gonna sit on the rest to see where it goes. Unless someone does something more interesting with it than simply pump it as a memecoin, plan is to dump all but 42 tokens somewhere along the way.
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Much as I like experimenting, I've never liked the pure memecoin end of this stuff, and never bought any doge or other obviously meme-ish thing with no interesting tech angle behind it. I think there is room for complex non-tech social stuff to happen, but pure memeing ain't it.
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Since I started this casual experimentation on Nov 7, I think I've made enough money off the things I've been doing on this thread that it's now the 3rd highest earning gig of 2021 for me. Only my largest consulting project and my Substack have made more $.
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This is more than mildly worrying. Even after factoring out frontier serendipity, random relatively clueless 101 experimental trial and error should not have such ridiculous returns on effort/time.
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seems too obvious to say but this is only the case for (internet-)famous people
if I did exactly what you did the return would be negative
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lucky timing! Someone walking the same road today would get nothing
again this feels too obvious to even say but here we are
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The point is there’s a lot of luck around. Just this morning I discovered my people tokens are now worth 15x my donation to constitution DAO. That happened a couple of weeks after ens drop deadline. You won’t have the same luck, but at least for a while you can expect *some* luck
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It won’t last, but you seem to be perversely discounting the early-stage serendipity in the environment. This is the famous “right place at the right time” effect.


