{"id":32998,"date":"2024-11-29T11:29:11","date_gmt":"2024-11-29T08:29:11","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32998"},"modified":"2024-11-29T11:29:11","modified_gmt":"2024-11-29T08:29:11","slug":"metamask-co-founders-striking-experiment","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/","title":{"rendered":"MetaMask Co-founder\u2019s Striking Experiment"},"content":{"rendered":"<p>MetaMask co-founder <strong>Dan Finlay<\/strong> has sparked debate in the <strong>Web3<\/strong> world by conducting a hands-on experiment with <strong>memecoins<\/strong>, exposing critical flaws in <strong>consent<\/strong>, <strong>trust<\/strong>, and <strong>investor expectations<\/strong> within the ecosystem.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#The_Experiment\" title=\"The Experiment\">The Experiment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#Implications_for_Web3\" title=\"Implications for Web3\">Implications for Web3<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Experiment\"><\/span>The Experiment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Finlay launched two memecoins \u2014 <strong>\u201cConsent\u201d<\/strong> on <strong>Ethereum<\/strong> and <strong>\u201cI Don\u2019t Consent\u201d<\/strong> on <strong>Solana<\/strong> \u2014 to analyze the chaotic nature of the memecoin market. He described the experience as &#8220;deeply unpleasant in predictable ways,&#8221; revealing the lack of clarity in the interaction between <strong>investors<\/strong>, <strong>token issuers<\/strong>, and <strong>communities<\/strong>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-11\/019372fd-1bdc-7daa-9080-ec6c8779bcd5\" alt=\"MetaMask\" width=\"628\" height=\"550\" \/><\/p>\n<p>The tokens quickly gained speculative traction, temporarily inflating Finlay&#8217;s holdings to over <strong>$100,000<\/strong>, but their <strong>undefined purpose<\/strong> left participants vulnerable to <strong>financial risks<\/strong>. The MetaMask co-founder noted that investors kept demanding long-term plans for the tokens despite their simplistic design.<\/p>\n<p><strong>&#8220;The only clear consent in this memecoin environment,&#8221;<\/strong> Finlay explained, <strong>&#8220;is that buyers willingly put their money into something. But if the purpose is undefined, what kind of consent is that?&#8221;<\/strong><\/p>\n<p>Finlay tied the issues seen in memecoins to the larger debate about <strong>digital consent<\/strong> on platforms like <strong>Bluesky<\/strong>, where public posts were used for <strong>AI training<\/strong> without user consent. He highlighted the <strong>disconnect<\/strong> between platform protocols and user expectations, stating that similar flaws plague the memecoin space.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Implications_for_Web3\"><\/span>Implications for Web3<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The experiment underscores the need for <strong>better tools<\/strong> and <strong>infrastructure<\/strong> in the Web3 space. Finlay advocates for mechanisms that give <strong>token issuers<\/strong> more control, such as restricting access to specific communities or providing structured sale methods.<\/p>\n<p>With <strong>blockchain<\/strong> and <strong>AI<\/strong> technologies converging, the MetaMask co-founder emphasized the importance of creating systems that foster <strong>trust<\/strong>, align with user expectations, and promote <strong>transparency<\/strong> in consent.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MetaMask co-founder Dan Finlay has sparked debate in the Web3 world by conducting a hands-on experiment with memecoins, exposing critical flaws in consent, trust, and investor expectations within the ecosystem. The Experiment Finlay launched two memecoins \u2014 \u201cConsent\u201d on Ethereum and \u201cI Don\u2019t Consent\u201d on Solana \u2014 to analyze the chaotic nature of the memecoin<\/p>\n","protected":false},"author":28,"featured_media":32999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[473,192,9751,96,105,4618,231,319,9752,85],"class_list":["post-32998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-ai","tag-blockchain","tag-consent","tag-decentralized-finance","tag-ethereum","tag-memecoins","tag-metamask","tag-solana","tag-trust","tag-web3"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MetaMask Co-founder\u2019s Striking Experiment - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MetaMask Co-founder\u2019s Striking Experiment - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"MetaMask co-founder Dan Finlay has sparked debate in the Web3 world by conducting a hands-on experiment with memecoins, exposing critical flaws in consent, trust, and investor expectations within the ecosystem. The Experiment Finlay launched two memecoins \u2014 \u201cConsent\u201d on Ethereum and \u201cI Don\u2019t Consent\u201d on Solana \u2014 to analyze the chaotic nature of the memecoin\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-29T08:29:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/metamask.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yigit Taha OZTURK\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yigit Taha OZTURK\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/\",\"name\":\"MetaMask Co-founder\u2019s Striking Experiment - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/metamask.png\",\"datePublished\":\"2024-11-29T08:29:11+00:00\",\"dateModified\":\"2024-11-29T08:29:11+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/metamask.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/metamask.png\",\"width\":1920,\"height\":1080,\"caption\":\"MetaMask\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MetaMask Co-founder\u2019s Striking Experiment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc\",\"name\":\"Yigit Taha OZTURK\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g\",\"caption\":\"Yigit Taha OZTURK\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceyigitt\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MetaMask Co-founder\u2019s Striking Experiment - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/","og_locale":"en_US","og_type":"article","og_title":"MetaMask Co-founder\u2019s Striking Experiment - Coin Engineer","og_description":"MetaMask co-founder Dan Finlay has sparked debate in the Web3 world by conducting a hands-on experiment with memecoins, exposing critical flaws in consent, trust, and investor expectations within the ecosystem. The Experiment Finlay launched two memecoins \u2014 \u201cConsent\u201d on Ethereum and \u201cI Don\u2019t Consent\u201d on Solana \u2014 to analyze the chaotic nature of the memecoin","og_url":"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/","og_site_name":"Coin Engineer","article_published_time":"2024-11-29T08:29:11+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/metamask.png","type":"image\/png"}],"author":"Yigit Taha OZTURK","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Yigit Taha OZTURK","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/","url":"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/","name":"MetaMask Co-founder\u2019s Striking Experiment - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/metamask.png","datePublished":"2024-11-29T08:29:11+00:00","dateModified":"2024-11-29T08:29:11+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/metamask.png","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/metamask.png","width":1920,"height":1080,"caption":"MetaMask"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/metamask-co-founders-striking-experiment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"MetaMask Co-founder\u2019s Striking Experiment"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc","name":"Yigit Taha OZTURK","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g","caption":"Yigit Taha OZTURK"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceyigitt\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/32998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=32998"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/32998\/revisions"}],"predecessor-version":[{"id":33001,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/32998\/revisions\/33001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/32999"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=32998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=32998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=32998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}