Curve founder: Memecoin craze intensifies the public's cognitive bias linking cryptocurrencies with scams and scandals

PANews reported on March 27 that Curve founder Michael Egorov, during a discussion with DeFi researcher Deebs DeFi and Ignas, stated that memecoin has caused “ordinary people to be indoctrinated with the idea that memecoin is cryptocurrency and a path to quick riches.” As a result, a large number of retail investors have been exploited, while truly decentralized, permissionless, and censorship-resistant crypto projects have not benefited and instead bear negative consequences in public opinion, such as being associated with “scams” and “crime.” He believes that the memecoin craze has intensified the public’s cognitive bias of linking cryptocurrency with fraud and scandals.