Dave Portnoy: Memecoins are ‘Legalized Ponzi Schemes’

Dave Portnoy: Memecoins are ‘Legalized Ponzi Schemes’

The founder of Barstool Sports will speak at Consensus 2025 on May 15.

Memecoins are ‘objectively’ the most successful crypto product

Zora’s announcement that its token is for “fun only” sparked a debate about the need for such tokens By Katherine Ross It’s been a fairly big debate on CT (sorry, Elon, CX just doesn’t have the same ring to it). But let me back up for those of you who have managed to spare yourselves from the takes across social media: Basically, in light of ZORA, folks are debating the overall appetite for tokens. “$ZORA is for fun only and does not entitle i…

🎢 Memecoins are “essentially legalized Ponzi schemes," says Dave Portnoy