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CoinDesk Podcast Network

Best of Consensus Hong Kong: Despite Libra Scandal, Memecoin Sustainability Is Possible

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 25 February 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

BONK core contributor and co-founder Nom Bonk and Selini founder Jordi Alexander joined Christine Lee live at Consensus Hong Kong for a discussion on memecoin sustainability after the LIBRA token scandal.

The LIBRA token rugpull demonstrated how bad actors can take advantage of retail traders. BONK core contributor and co-founder Nom Bonk and Selini founder Jordi Alexander discuss how to restore trust and make memecoin communities sustainable on CoinDesk Live at Consensus Hong Kong.

This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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This episode was hosted by Christine Lee.

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Transcript

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0:49.3

This cycle has been a main point cycle, but we're really sort of like front-running

0:52.6

the learning process now,

0:54.7

where the participants are getting so sophisticated.

0:57.8

The criminals are getting so greedy as we just sort of like saw.

1:00.6

Like there's a certain amount of greed coming now where they just want to extract it all quickly.

1:04.5

They won't, they could wait, you know, for the Malay coin.

1:07.0

They could have waited and, you know, hopefully make it into like a long-term project.

1:11.6

But once they extracted, I think, a lot too quickly, then he disavowed and then it's everyone just pointing fingers.

1:18.6

Joining us now discuss is core contributor and co-founder of Community Memecoin Bonk,

1:33.6

NOMBank, and Salimi Capital founder, Jordie Alexander.

1:39.0

Jordi and NOM, thank you so much for joining us.

1:41.3

So you just came off of the stage talking about mean

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