"I’ve had friends lose money in Doge and Shiba. People who don’t spend time on X, don’t read threads, don’t want to become full-time traders. They just saw crypto everywhere and took a shot because it felt like the obvious thing to try once or even twice. What’s important is that Doge and Shiba weren’t really about crypto as a technology. They weren’t about blockchains, decentralization, or any of the stuff we like to talk about. They were tokens with a story and a crowd, but we let them become the front door. We let the loudest thing borrow the legitimacy of “crypto” as a word. So when someone loses money on Doge, they don’t walk away thinking “I got caught in a meme.” They walk away thinking “crypto is a scam.”"

Top comment by @Spencer420