Because of Elon, this guy has too much influence on it, and is disgusting. Anyone into this memcoin automatically gets this disgust infected.
Discussion
Ah yeah I see, that cunt...
Bad whales could appear anywhere, and even Bitcoin has its similar problems.
Open an permissionless is great, but its the wild west so its going to happen.
In my opinion the best way to fight back is with the proof of work algorithm itself. Any proof of work blockchain that can be mined with ASICs is a playground for whales.
I'm a big fan of nostr:nprofile1qqs2n53aleuxswen54nc8jpkagv7j633wkw7fuyp2le0ladjvkngg8qpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgcwaehxw309ahx7um5wghxvmt59emkj73wvf5h5tcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsx6dwzm which used a AutolykosV2 algo for consensus which is ASIC resistant, so anyone can mine with consumer hardware. This means that it would be easier to take back control from whales.
I don’t think whales dominating hash power is the issue. The issue is the majority of the community worship on the guy. If one day Saylor worship becomes the major consensus among bitcoiners it is the end of my belief in bitcoin.