戴夫·波特諾伊（Dave Portnoy）說：“我認為這不在這裡。”

戴夫·波特諾伊（Dave Portnoy）指的是模因硬幣，這是他經常通過社交媒體滑稽動作倒入燃料的同一個角落時說：“我認為這不會留在這裡。”

"I don't think it's here to stay," says Dave Portnoy of meme coins, the same corner of crypto he's often poured fuel on through his social media antics.

“我不認為這要留在這裡。” Meme Coins的Dave Portnoy說，他經常通過社交媒體滑稽動作倒入加密貨幣。

Speaking on the Consensus 2025 stage with Tom Farley, CEO of crypto exchange Bullish, the Barstool Sports founder peeled back the layers of his short, chaotic stint in the meme coin world.

Barstool Sports創始人在2025年共識舞台上與Crypto Exchange Blulish的首席執行官Tom Farley發表講話時，在Meme Coin World中剝奪了他短暫而混亂的層次。

With his usual brash candor, Portnoy described a journey of sudden windfalls, legal landmines, and the kind of public backlash that might make even the most hardened internet provocateur think twice.

Portnoy憑藉他通常的傲慢坦率的坦率，描述了突然的意外收穫，合法地雷和這種公眾反對的旅程，甚至可能使最堅強的互聯網挑釁者三思而後行。

"I love the rush, I'm a gambler at heart," he said. "But then the smart part of me is like, is it worth the hate?"

他說：“我愛匆忙，我是個賭徒。” “但是那時我明智的部分就像，值得仇恨嗎？”

The conversation was part of a broader discussion about crypto's culture of speculation and hype, where meme coins — tokens created more for jokes than utility — have captured the imagination of young, risk-hungry traders.

談話是關於加密貨幣文化和炒作文化的更廣泛討論的一部分，其中模因硬幣（代幣為笑話而不是公用事業）捕捉到了年輕，渴望風險的交易者的想像。

Portnoy, who built Barstool into a media empire on viral content and sports gambling, found himself swept into the same digital fever.

Portnoy在病毒內容和體育賭博的媒體帝國中建造了Barstool，發現自己陷入了同一數字發燒。

It started with SafeMoon, one of the earliest viral tokens of the COVID-era crypto boom. Portnoy saw social media posts about traders making "9,000,000,000%" gains, bought in, made a video mocking its lack of real value — and got sued.

它始於Safemoon，Safemoon是Covid-era Crypto Boom最早的病毒令牌之一。 Portnoy看到了社交媒體的帖子，有關交易者的“ 9,000,000,000％”的收益，購買，製作了一段視頻，嘲笑其缺乏真正的價值，並被起訴。

"They basically said SafeMoon paid me to promote them. Total lie. Cost me $20k to get out of the lawsuit."

“他們基本上說Safemoon付錢給我宣傳。總謊言。我花了我20萬美元才能擺脫訴訟。”

Undeterred, Portnoy pushed further. Inspired by the idea of launching a Barstool coin and skipping the hassle of going public, he began researching how meme coins are made. That led him to a developer who pitched a token called Libra, allegedly backed by the president of Argentina.

毫無疑問，Portnoy進一步推動。受到推出bar凳硬幣並跳過公開麻煩的想法的啟發，他開始研究模因硬幣的製作方式。這使他成為了一個開發商，據稱由阿根廷總統支持一個名為天秤座的代幣。

Portnoy bought $4.5 million.

Portnoy購買了450萬美元。

"I was at SNL with Lady Gaga. I was just typing. I'm like, what the hell is going on here?" he said. The developer had told him Elon Musk would tweet about it. Instead, the president disavowed any involvement. "I lost all my money."

“我和Lady Gaga一起在SNL。我只是在打字。我想，這到底是怎麼回事？”他說。開發人員告訴他，埃隆·馬斯克（Elon Musk）會發推文。相反，總統拒絕了任何參與。 “我丟了所有的錢。”

Portnoy says he got lucky — the developer later reimbursed him in full, though he isn't sure why. "I'm one of the lucky ones, but you know, I'm not going to not take that money back."

Portnoy說他很幸運 - 開發商後來全額償還了他，儘管他不確定為什麼。 “我是幸運的人之一，但是你知道，我不會把錢拿回去。”

Despite the losses, Portnoy kept dabbling. He launched coins called Greed and Greed 2, playing up the satire. Another coin, JailStool, arose from the public backlash to Portnoy's meme coin experiments. Someone else created the token, but Portnoy adopted the name and posted about it. At one point, he claims, a $1,000 investment in the coin went as high as $7 million — within an hour.

儘管遭受了損失，但波特諾伊一直在涉足。他推出了名為Greed and Greed 2的硬幣，演奏了諷刺。另一枚硬幣是監獄托，它是從公眾反彈到Portnoy的Meme Coin實驗的。其他人創建了令牌，但是Portnoy採用了該名稱並發布了有關它的名稱。他聲稱，在一小時內，一筆1,000美元的硬幣投資高達700萬美元。

"It took me 13 years to make that kind of money at Barstool," he said.

他說：“我花了13年的時間在Barstool賺錢。”

But what goes up almost always crashes back down. Portnoy says he's lost track of how many times he's been accused of "rug pulls," a term for when insiders dump a coin and leave latercomers with worthless tokens.

但是上升幾乎總是崩潰的。 Portnoy說，他已經失去了被指控“地毯拉的”的次數，這是內部人員拋棄硬幣並留下毫無價值的代幣的一個術語。

He described meme coins as a rigged game, dominated by a core group of early buyers with trading bots and algorithms who know when to exit. "It's the same group of winners and it's the same group of losers."

他將Meme Coins描述為一款操縱的遊戲，由一群核心的早期買家組成，這些核心的交易機器人和算法都知道何時退出。 “這是同一批獲獎者，也是同一群失敗者。”

That realization seems to have changed Portnoy's appetite. While he teased the possible launch of Greed 3, he admitted the backlash is harder to stomach in real life. One man confronted him in a Las Vegas casino, claiming he lost $200,000. “It’s all fun and games behind the computer but that reinforces people are losing and making real money, and they’re not always taking responsibility for the risk, even though I think they should.”

這種認識似乎改變了Portnoy的食慾。當他取笑貪婪3的可能發射時，他承認這種反彈在現實生活中很難忍受。一名男子在拉斯維加斯賭場面對他，聲稱他損失了20萬美元。 “這一切都很有趣，並且在計算機後面的遊戲和遊戲，但是加強人們正在損失和賺錢，即使我認為他們應該為此，他們並不總是為風險承擔責任。”

Despite the money and the memes, he says the meme coin scene is ultimately unsustainable.

儘管有錢和模因，但他說，模因硬幣現場最終是不可持續的。

“I get why people like it. It’s a form of gambling, it’s a Ponzi scheme, I don’t mean that in a negative way.”

“我明白了為什麼人們喜歡它。這是一種賭博的形式，這是一個龐氏騙局，我並不是說那是消極的。”

Portnoy doesn't claim to have the answers. But if he's a weathervane for where meme coin mania might be heading, the forecast looks grim.

Portnoy沒有聲稱有答案。但是，如果他是Meme Coin Mania可能要前進的風氣，那麼預測看起來很嚴峻。

“I can't imagine it's here to stay. I think it's here to stay for the next four years. What happens after that? I don't know.”

“我無法想像它會留在這裡。我認為這將在接下來的四年中留在這裡。在那之後發生了什麼？我不知道。”