On April 20, the coins in Zara rose to the highest level in active users daily, driven by a wave of viral activity associated with the cultural moment with the title of cannabis “4/20”.
Spike has seen more than 200,000 users dealing, representing a milestone for the platform. But instead of being a festive moment of the base and its ecological system, it has sparked an extensive debate about the value or its absence, to the so -called “metal currencies”.
Book and reaction
In the middle of the storm, there is a head of al -Qaeda and Coinbase Jesse Pollak, which has moved to X to Construct The teacher, as a sign of increasing adoption on the chain. However, the noise was cut by sharp cash From Blockchain Investigator ZachXBT name.
“All these” viral “currencies are not even one hostile runner of $ 5 million,” deployment, criticizes the model more than the small small metal coins that have been filled. His argument? If most content symbols do not achieve meaningful liquidity, how can they support creators realistically?
Pollack responded with enthusiastic defense, on the pretext that a lot of content is worth nothing:
“Most of them deserve to be approaching zero, and a small percentage of them deserves something, and a smaller amount that deserves a large amount.”
Metal currencies also likened to the content of liquefied models from social platforms such as Tiktok and Instagram, where only some posts can generate huge returns:
“How many times do you think that Instagram or Tiktok generates sufficient revenues from one of the content of the $ 5 million evaluation?”
The developer affirmed that the Zora model, which allows creators to repeat individual pieces of content, is still in his cradle, “the first day”, as he said, and it must be judged through participation and cultural importance instead of speculative trading.
The prominent commentator, Zach Joseman, also installed him in the discussion, indicating that the content currencies such as their meme’s counterparts should not be seen. Instead, he falsely frams as a way for creators to achieve income of size rather than relying on speculative pumps.
However, critics remain unconvincing, with some to reject The trend as “throwing as much as there and sees what may rise above” harms the reputation of the industry.
Battle of philosophies
There is also an ideological division about who these currencies are. While Pollak insists that platforms give priority to creators and developers, critics are like the co -founder of Pump.fun Ali Cohen are the opposite opinion. “If you distinguish anything, the traders come first,” is it ArgueCiting that when encryption traders cannot benefit, “creators and Devs do not eat.”
The controversy is closely followed by the controversial startup for all the distinctive symbol. It was marketed as a coin of content instead of Meme’s assets, as it increased to a maximum of 17 million dollars before collapse amid doubts about trading from the inside, with followers indicating the chain to a governor claimed to have benefited from $ 600,000 by launching the distinctive symbol.
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