In a blog post published today, Ethereum co-founder Vitalik Buterin shared his ideas surrounding memecoins and their potential for a net-positive impact in the cryptocurrency space.

Citing one of his "personal moral rules" that "if there is a class of people or groups you dislike, be willing to praise at least a few of them to do the best job of satisfying your values," Buterin stated that he has "zero enthusiasm for coins named after totalitarian political movements, scams, rugpulls or anything that feels exciting in month N but leaves everyone upset in month N+1."

While memecoins have generated a lot of hype in recent months — and even in years past, for that matter — some in the space have expressed a distaste for a new wave of intentionally off-putting memecoins utilizing racial …