Responded in a comment, but had more to say on this.
Solana did this.
The reason Jesse got flak on the "coin everything" and the next day Nikita and Toly are being cheering for spamming ICM ICM ICM - when there is 0 ICM in believe or launchcoin. Not saying they won't go up, because this is crypto, but there is no ownership there - was because people took it to mean "coin everything" ala PF. Launch rugs. Launch 17 derivatives and send them all to 0. Etc.
Coin everything is a call to creators (we're all creators BTW) to bring their content onchain and allow builders, collectors and degens alike to support them. Massive difference.
Just today, I'm seeing "housecoin flipped by chill house" and Toly tweeting asking what people think about chill house 😂.
This is the culture that Solana has inculcated.
Kyle Samani did his victory lap and RT'D his ETH is dead talk after $TRUMP launched on SOL.
Coining everything is great. Coining items doesn't lead to the hyper-casino-ization of crypto, it leads to creators being able to monetize attention they get vs. Web2 platforms monetizing all that attention.
Just saw another couple of posts on the TL talking about fartcoin and farthouse and housecoin and chill house. And the OG farthouse and secondary cabal farthouse. This is Solana. You won't get the "trenches" anywhere else. They'll always be on Solana.
Memes on Solana are not the same as memes on ETH. Case in point, MOG. Enough said.
Ethereum culture, base culture is different. It will remain different, because the goals are different.
We all know where the "trenches" are, and we all know where the builders are.
Build on @base. Hangout on @farcaster_xyz and coin everything on @zora.
Decentralize everything.
The Just Coin It Ethos is what is destroying broad swaths of the industry and burning retail badly to the point where they will never re-engage with crypto.
Instead of focusing on a few coins that have legitimate PMF and generate real business metrics, people like Jesse are on a trip where the consumer is the future of crypto and there is no invalidation to this thesis. This is why Coinbase Wallet is basically just farcaster - again, not what anyone wants or needs.
My advice to Coinbase Leadership is to drastically simplify your offering to retail around core assets and messaging. Stop euthanizing retail. Thank you.
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