I just read that CZ, the Binance guy, said meme coins are ‘weird’ and projects should focus on utility. What does he mean by utility?

Great question! By utility, he means projects that solve real problems or offer practical use cases. For example, instead of just being fun or viral, a project could improve payments, gaming, or even healthcare using blockchain.

So meme coins don’t do anything useful? Aren’t they just for fun, like Dogecoin or Shiba Inu?

Exactly. Meme coins like Dogecoin started as jokes and rely on hype, social media, and celebrity endorsements. But they don’t usually have strong real-world applications or solve problems, which is why some people, like CZ, criticize them.

But why do so many people buy them if they’re just for fun?

Because they’re trendy and can sometimes make people quick profits—at least early on. But most meme coins lose 90% or more of their value within a few months. That’s risky for investors.

Wow, that’s a lot! So CZ wants developers to focus on projects that actually help people, right?

Exactly. He thinks blockchain should be used for things like improving industries or creating tools people can use in everyday life. For example, projects like Axie Infinity let players earn income through gaming, and Fetch.ai helps machines communicate autonomously. Those are utility-driven projects.

That makes sense. But meme coins must have some good sides, right? I mean, Dogecoin is still popular.

True, Dogecoin is popular, and it has built a fun community. But CZ and others argue that the focus on meme coins distracts from serious innovations in crypto. Plus, some meme coin projects can be harmful.

Harmful? How?

Well, there was a recent incident with a Solana-based meme coin called Pump.fun. It had a livestream feature that was misused. One user even threatened self-harm on livestream if their token didn’t hit a certain value. It was really disturbing.

That’s horrible! I didn’t know things like that happened in crypto.

Yeah, it shows how risky and unregulated meme coin projects can be. They sometimes attract bad behavior and harm the reputation of crypto overall.

So CZ wants to stop meme coins altogether?

Not exactly. He’s just encouraging developers to focus more on creating valuable, long-term projects instead of chasing short-term hype. It’s about balancing fun with real innovation.

Got it. So it’s like saying, 'Let’s make crypto useful, not just trendy.'

Exactly! Utility-driven projects are what will help crypto gain trust and adoption in the long run. Meme coins might be fun, but they’re not the future of blockchain.

That makes sense. I think I’d rather invest in something useful than a meme coin that might crash.

That’s a smart approach! Always look for projects with solid use cases and potential to make a difference.