Vitalik: It is ugly for celebrities to issue Meme coins to make money. If they have public welfare goals and other characteristics, they will gain more respect

Vitalik Buterin responded to the discussion about "Celebrities issuing Meme coins" on the X platform and said: "So far, I am very dissatisfied with 'this round of celebrity experiments'. 'Financialization is a means to an end', if the end is worthwhile (health care, open source software, art, etc.), I can respect it. But financialization as an end product is very unpleasant. Ashton and Mila's 'Stoner Cats' is much more glorious than anything we have seen in the celebrity meme era in 2024-at least a real show is funded. How can we push things in a better direction?" He also summarized the functions that celebrity encryption projects need to have, and he would be more willing to show respect: "1. There must be some kind of public welfare goal, rather than making celebrities and early adopters rich. In fact, it is either an art project or a celebrity's favorite charity, or both; 2. Have some interesting mechanisms, not just trading tokens. Although I don't like token voting DAOs, at least they give people something to do and organize. DAO should not completely determine the agenda, but it can have some impact; 3. Do something that lasts for 10 The North Star should be: have a project that regular people would be happy to have participated in even if all tokens involved eventually go to zero. Regular businesses and charities achieve this all the time. It’s a low bar, but it’s what we build.”