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Memecoins aren’t an innovation in themselves, he said, but the fact they were able to flourish on Solana in a way they couldn’t on any other platform is a symptom of developers working at the highest level: pump.fun is simply taking advantage of a technical breakthrough.
“Ethereum has a very hands-off relationship with an open source viewpoint, whereas I think the Solana Foundation does a better job from a business development standpoint,” Stern said.
“Sort of guiding the ship, but not in a completely controlling way, and letting a thousand flowers bloom.”Tom was sucked into crypto in 2020 and is very much enjoying the ride.
Now a markets reporter for CoinDesk, he previously wrote for DL News about bitcoin ETFs, the Federal Reserve, bitcoin mining and crypto adoption in Latin America.
He has a bachelor's degree in English literature from McGill University and can usually be found in Costa Rica.
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