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  "map_content": "https://cointelegraph.com/news/bitmex-arthur-hayes-memecoins-provide-value-blockchains\r\n\r\nDon\u2019t be too quick to \u2018poo poo\u2019 memecoins: Arthur Hayes\nBitMEX co-founder Arthur Hayes believes the crypto industry should think twice before writing off all memecoins as \u201cstupid and valueless.\u201d\r\n\r\n\r\n\u201cYou can poo-poo these things as stupid and valueless, but if it brings attention and more engineers to the space, it\u2019s positive value for the chain itself.\u201d\n\u201cThe chains that can support this culture are going to be the chains that have value,\u201d Hayes said \u2014 adding that Solana and Ethereum stood as the most well-positioned networks to capture the flow of attention from memes\r\n\r\n\ud83d\udc38\ud83e\udd7d\ud83d\udc40 @3 @4 \r\nSimilarly, network and development activity on Bitcoin has grown significantly after a flood of  BRC-20 tokens and Ordinals on the network around the same time.",
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  "author": "1CDewE8KmeD24eanbCV9rbvYQT4VVb35sp",
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  "timestamp": "2024-04-01T04:33:11.000Z",
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