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But doesn't make any sense.
Why... do it?
Because they can. I wouldn't do it myself. But I very much value that others can do whatever they want and nobody can prevent it. Bitcoin is wonderful.
They need permission to do it on Solana or Ethereum for they are centralised, so they might prefer to use a truly decentralized and permission-less network like Bitcoin or Litecoin.
Creating shitcoins on Ethereum and Solana is permissionless.
It is not. If their owners want they have the option to prevent it or reverse it.
Depends on how the smart contract is programmed
Regardless.
Can you tell me from who I have to ask a permission to create my own token on e.g. Ethereum?
You don't have to ask anybody, but your action might be reversed should they want or are coerced to, because they can do so. You have the implicit permission, you don't ask for, so it isn't permission-less.
Fair point but I think e.g. the word “censorship-resistant” refers better to that
It is completely permissionless? and cheaper than on Bitcoin they should do it there
High time preference gambling mindset.
They think they can flip those tokens back and forth for large profits.
It doesn't work though.
The vast majority of 'day-traders' lose money and trading memecoins even more so
But doesn't make any sense.
Why... do it?
Creating 'memecoins' (which are just small amounts of data attached to Op_return) outputs is incredibly inefficient, slow, expensive, and 99.9% of them are worthless. The people who 'make' them or buy them lose money...
They are infinitely reproducible, infinitely non-scarce, not directly proof-of-work and all technically identical except for their name... which is dumb.
Noone is planning to use them as money or a store of value... they are completely arbitrary. Those a losing 'investment' 99.9% of the time.
So why do people want them? And to the extent that they do, why not make them on Liquid (for lower fees) or Solana or any random chain where the fees are lower and they can gamble on random coin-names?