Alright, let’s dive into this whole “Base is for everybody” token business. Truthfully, it isn’t merely a token. From start to finish, it’s a masterclass in turning a promising launch into a hilarious meme that sums up everything wrong with the crypto space. And yes, I created a meme around it. See below. For if we don’t laugh, we’ll weep into our seemingly evaporating crypto-assets.

Substitute your own meme image creative using the $666k profit, Base, and perhaps accompanying the meme Jesse.

$666K Profit? Devilishly Good Fortune?

Let’s face it, that $666,000 of profit earned by those three wallets just before the official announcement is some peak crypto nonsense. It sounds like something out of a scene cut from The Wolf of Wall Street, but with additional emojis and fewer Quaaludes. The brazen obviousness of it all is what makes it memorable.

Three wallets accumulating a windfall ahead of the rabble’s arrival? The timing is impeccable. It begs the question: who knew what, and when did they know it? Coinbase is saying "not us!" Zora is pointing at their legal disclaimer. But guys, come on. This looks shady. If it quacks like a duck, waddles like a duck, and has malfeasance profits like a…well you know where this is going.

It's easy to get angry about this. But consider this: Maybe it’s a dark commentary on late-stage capitalism. Maybe it’s performance art. NOAA But perhaps, just perhaps, it’s some good ol’ fashioned luck and a little bit of that inside info. Whatever it is, it’s definitely meme-worthy.

"Base Is For Everyone" Except…

The irony is as deep as a cryptocurrency weapons contract. Base is for everyone,” they claim as a limited few pocket six-figure sums well before the rest of us even hear about them. It’s the equivalent of inviting everyone to a great party, but then filling the VIP section right away with all the cool kids.

Jesse, bless his heart, endorsing it to “normalize putting all content on-chain?” Look, I appreciate the vision. I really do. The net effect of this one-sentence calamity is to legally authorize a pernicious form of frontrunning. I mean, that kind of totally ruins your whole argument for a “decentralized utopia,” right? That’s akin to trying to achieve global harmony with a nuclear missile test.

This isn't just about Base. It may not be more than an issue of perception with respect to the crypto space. That only adds to the stereotype that it’s a playground for the rich and well-connected. As a consequence, it is the everyday investor who gets left holding the bag. And that, my friends, is a terrible look.

Boom, Bust, and Broken Dreams

Remember LIBRA? TRUMP? These tokens came onto the scene like a hot new boy band, creating absolutely bonkers hype. Before we know it, they soon disappear as quickly as they’ve appeared, leaving only shattered dreams and drained bank accounts.

The “Base is for all of us” token took a similar path. Market cap skyrocketed, everyone FOMO’d in, and then… poof. Liquidity was sucked out quicker than a bathtub after a toddler’s bath time. There’s a new coin that just released, which is the “FarCon poster,” so then everybody’s leaving.

This isn’t only a question of missing out on wasted dollars (though, let’s face it, that’s disappointing). It's about the erosion of trust. It’s not just about the objective reality or even the perception that the game is rigged, that the deck is stacked against you. When that thief of joy gets in, he’s very difficult to dislodge. This would be a major step towards transferring liquidity from the wider digital assets market onto Binance.US’s platform.

So, what's the takeaway? Does this mean we should all give up on crypto and return to hiding our gold in the garden? Maybe. But probably not. Regardless of the combined shortcomings, the technology is still promising, and the potential is still enormous.

  • Hype: Initial excitement and FOMO.
  • Pump: Price surges due to speculation.
  • Dump: Early investors cash out, leaving others with losses.
  • Rinse and Repeat: Another token, another cycle.

We need to be smarter. We need to be more critical. Maybe most importantly, we need a culture that allows for and encourages self-deprecation when things go wrong. Like a true cowboy investor should, of course, because in the wild west of crypto, sometimes all you can do is meme your way through the madness.

But we need to be smarter. We need to be more critical. And, perhaps most importantly, we need to be able to laugh at ourselves when things go sideways. Because in the wild west of crypto, sometimes all you can do is meme your way through the madness.