缺乏公用事业和基本价值：模因硬币面临的重大挑战

与已建立的加密货币（例如比特币和以太坊）不同，它们具有清晰的用例，技术创新和定义明确的价值主张，模因硬币通常主要用于投机目的或开玩笑。

Meme coins, a recent phenomenon in the cryptocurrency world, have sparked both enthusiasm and skepticism among investors. While some view meme coins as a harmless and amusing way to speculate on cryptocurrencies, others highlight their lack of utility or inherent fundamental value. This article delves into the implications of this lack of utility and how it shapes the nature of meme coins in the broader cryptocurrency market.

Meme Coins是加密货币界最近的一种现象，在投资者中引发了热情和怀疑。虽然有些人将模因硬币视为一种无害而有趣的方式来推测加密货币，但另一些人则强调了它们缺乏效用或固有的基本价值。本文深入研究了这种缺乏效用的含义以及它如何塑造更广泛的加密货币市场中模因硬币的性质。

1. Meme Coins as a Speculative Asset

1。模因硬币作为投机资产

Unlike established cryptocurrencies such as Bitcoin and Ethereum, which have clear use cases, technological innovations, and well-defined value propositions, meme coins often exist primarily for speculative purposes or as a joke. This lack of a tangible, functional value makes meme coins especially volatile and high-risk investments.

与已建立的加密货币（例如比特币和以太坊）不同，它们具有清晰的用例，技术创新和定义明确的价值主张，模因硬币通常主要用于投机目的或开玩笑。缺乏有形的功能价值使模因硬币尤其是波动和高风险的投资。

In the world of meme coins, hype and speculation reign supreme, rather than any underlying technology or real-world problem that the coin is designed to solve. The primary attraction for most investors is the potential for short-term profits, spurred by viral trends, celebrity endorsements, or large social media movements. This speculative nature can lead to rapid price increases, especially when social media influencers or celebrities push the narrative around a particular coin.

在模因硬币的世界中，炒作和猜测统治着至尊，而不是硬币旨在解决的任何基本技术或现实世界中的问题。大多数投资者的主要吸引力是从病毒趋势，名人代言或大型社交媒体运动的刺激的短期利润潜力。这种投机性的性质会导致价格快速上涨，尤其是当社交媒体影响者或名人推动特定硬币的叙述时。

However, these price surges are usually not supported by any fundamental value or technological advancement. Meme coins do not typically have any inherent utility or use case that justifies their value, unlike Bitcoin, which is valued as a store of value and a hedge against inflation, or Ethereum, which powers decentralized applications and smart contracts. As a result, meme coins are highly dependent on external factors like market sentiment, influencer influence, and social media trends to maintain their price.

但是，这些价格上涨通常不受任何基本价值或技术进步的支持。与比特币不同，模因硬币通常没有任何固有的效用或用例可以证明其价值的合理性，而比特币被视为价值存储和抵制通货膨胀或以太坊的树篱，这为分散的应用程序和智能合约提供动力。结果，模因硬币高度依赖外部因素，例如市场情绪，影响者的影响力和社交媒体趋势以保持其价格。

This makes meme coins incredibly susceptible to “pump-and-dump” schemes, where the value of the coin is artificially inflated by coordinated efforts, only to collapse once the hype fades. Investors who are not aware of these tactics or who get caught up in the excitement may end up buying the coin at an inflated price and suffering significant losses when the value inevitably drops.

这使得Meme的硬币非常容易受到“泵和降点”方案的影响，在该方案中，硬币的价值通过协调的努力人为地膨胀，只有一旦炒作逐渐消失就崩溃了。不知道这些策略或陷入兴奋的投资者最终可能会以高昂的价格购买硬币，而当价值不可避免地会下降时遭受巨大的损失。

2. Lack of Technological Innovation

2。缺乏技术创新

Another reason meme coins struggle to provide value is their lack of technological innovation. Cryptocurrencies like Bitcoin and Ethereum have become household names due to their robust underlying technologies—Bitcoin’s decentralized, permissionless ledger that offers peer-to-peer transfers without intermediaries, and Ethereum’s groundbreaking smart contract platform that enables the development of decentralized applications (dApps).

模因硬币努力提供价值的另一个原因是他们缺乏技术创新。由于其强大的潜在技术（Bitcoin的分散，无许可的账本），比特币和以太坊等加密货币已成为家喻户晓的名称，可提供无中介的对等转换，以及以太坊的突破性智能合同平台，可以使应用程序的开发（DAPPS）的开发（DAPPS）。

In contrast, most meme coins lack any significant technological advancements or applications beyond the initial joke. For example, Dogecoin, despite being the most well-known meme coin, was originally created without any particular use case or technological goals. Its blockchain operates similarly to Bitcoin, but there is no groundbreaking feature or unique functionality that differentiates it from other coins. While Dogecoin’s community has done some interesting things with the coin (such as charitable donations and sponsorships), these efforts are not enough to justify its long-term viability or significant adoption.

相比之下，大多数模因硬币除了最初的笑话之外没有任何显着的技术进步或应用。例如，狗狗币尽管是最著名的模因硬币，但最初是在没有任何特殊用例或技术目标的情况下创建的。它的区块链与比特币相似，但是没有开创性的功能或独特功能将其与其他硬币区分开来。尽管Dogecoin的社区对硬币（例如慈善捐款和赞助）做了一些有趣的事情，但这些努力还不足以证明其长期的生存能力或大量采用。

Other meme coins, like Shiba Inu or SafeMoon, also fail to offer any substantial technological innovations. These coins are typically derivatives of existing blockchain technologies, with little differentiation in terms of features, scalability, or utility. The primary appeal for these coins is the community and the meme culture that surrounds them, rather than any technological advantage they may offer. Without a strong technological foundation, meme coins are unlikely to experience widespread adoption or long-term sustainability.

其他模因硬币，例如shiba inu或safemoon，也无法提供任何实质性的技术创新。这些硬币通常是现有区块链技术的导数，在特征，可扩展性或效用方面几乎没有分化。这些硬币的主要吸引力是社区和周围的模因文化，而不是它们可能提供的任何技术优势。如果没有强大的技术基础，模因硬币就不太可能经历广泛的采用或长期可持续性。

3. The Role of Community Over Technology

3。社区对技术的作用

In the meme coin space, the role of community engagement and sentiment often outweighs the need for technology or utility. The success of many meme coins, such as Dogecoin and Shiba Inu, can largely be attributed to their vibrant and active communities rather than any inherent use case or technological innovation. These communities are driven by shared humor, inside jokes, and the collective belief that the coin’s value will rise as more people get involved.

在模因硬币空间中，社区参与和情感的作用通常超过了对技术或实用性的需求。许多模因硬币（例如Dogecoin和Shiba Inu）的成功很大程度上归因于其充满活力和活跃的社区，而不是任何固有的用例或技术创新。这些社区是由共同的幽默，内部笑话驱动的，集体信念是，随着更多的人参与，硬币的价值将会上升。

While the community aspect can help build a sense of belonging and enthusiasm around a coin, it does little to provide long-term value. Community support may drive temporary surges in price or generate interest during periods of hype, but once the excitement fades, the lack of utility and technological purpose becomes more apparent. In many cases, when the meme-driven community disbands or loses interest, the value of the coin can plummet, leaving investors with little recourse but to watch as their holdings lose value.

尽管社区方面可以帮助围绕硬币建立归属感和热情，但它并没有提供长期价值。社区支持可能会导致价格临时飙升或在炒作期间引起兴趣，但是一旦兴奋逐渐消失，缺乏效用和技术目的就会变得更加明显。在许多情况下，当以模因驱动的社区解散或失去利息时，硬币的价值可能会暴跌，使投资者几乎没有追索权，但要注意他们的持股失去价值。

This reliance on community enthusiasm is both a strength and a weakness. On the one hand, it can lead to rapid growth during periods of increased interest. On the other hand, if the community’s interest wanes or if the next viral meme coin captures their attention, the coin can experience sharp declines. Without a tangible use case or real-world application, the community’s engagement cannot sustain the coin’s value indefinitely.

这种对社区热情的依赖既是力量又是弱点。一方面，这可能导致兴趣增加的时期迅速增长。另一方面，如果社区的兴趣减弱，或者下一个病毒模因硬币引起了他们的注意，则硬币会急剧下降。没有切实的用例或现实应用程序，社区的参与将无法无限期地维持硬币的价值。

4. Limited Real-World Applications

4。有限的现实应用程序

The ultimate measure of a cryptocurrency’s value often comes down to its real-world use cases and the problems it seeks to address. Bitcoin’s value is rooted in its ability to serve as a decentralized, borderless, and censorship-resistant form of money. Ethereum’s value is tied to its smart

加密货币价值的最终度量通常取决于其现实世界中的用例及其寻求解决的问题。比特币的价值源于其作为分散，无边界和耐心的货币形式的能力。以太坊的价值与其聪明