Speculating on Meme coins to make money and then donating: Is it good or bad for research projects?
Written by: Alex Liu, Foresight News
The heat of DeSci + Meme shows no signs of cooling down; what other good angles are there? Do these Meme coins really contribute to Science? Some people can't stand it anymore, shouting (constantly speculating on desci) "Have you ever donated a penny to sci-hub?"
What is Sci-hub?
According to Wikipedia, Sci-Hub is a shadow library. It uses various methods to bypass publishers' paywalls. In 2011, Kazakh graduate student Alexandra Elbakyan decided to establish Sci-Hub due to the high costs of research papers behind paywalls. Its users are spread across the globe. As of February 2021, Sci-Hub's homepage indicated that it stored over 85 million papers.
Sci-Hub and Elbakyan have been sued twice in the U.S. for copyright infringement. Both times, they lost due to the absence of the defendant. Sci-Hub has received praise from the scientific community, academia, and the publishing industry, as it effectively disseminates knowledge in the scientific community and provides government-funded research results to the public for free. Publishers criticize it for infringing copyright, reducing their income, and jeopardizing university cybersecurity (though publishers may be exaggerating the threats. Sci-Hub also encourages publishers to tighten their paywalls).
When defending Sci-Hub, Elbakyan questions whether the business practices of publishers are ethical and in line with Article 27 of the Universal Declaration of Human Rights. She insists that operating Sci-Hub is a moral imperative and that the law should not stop her. She has stated, "If all Americans obeyed unjust laws, they would still be ruled by a queen today, and slavery would still exist."
Meme Coin SciHub
"Have you ever donated a penny to sci-hub?" Former president of the Peking University Blockchain Association 0xAA found this question reasonable and thus donated 0.1 ETH.
However, if it only stopped at the donation, there would be no exciting story afterward—0xAA bought 22% of the supply of the meme coin named scihub.
This meme coin called scihub skyrocketed to a market value of 70 million dollars overnight. The 22% tokens held by 0xAA were worth over ten million dollars. Will he donate 20% of the tokens as promised? Does donating 20% of the supply justify this nearly insane speculation?
Initially, Sci-hub's founder Elbakyan did not agree with the project.
But later, she added an option to accept SOL wallet donations on Sci-hub's website.
Subsequently, 0xAA stated that he had reached a consensus with Elbakyan and would honor his promise to donate 20% of the tokens.
Controversy
The incident sparked significant controversy in the Chinese community, mainly divided into two points:
Accusations of Front Running
Some accused 0xAA of front running, claiming that the 22% was only the number of tokens held in his public wallet, while the actual number of tokens he controlled was far higher.
Why not donate directly?
Is it really about supporting research or just a money game? Others believe that donations should be made directly rather than through the speculation of memes.
0xAA also stated, "I want to make money, the kind where everyone profits together." He hopes for a win-win situation, where they can profit from the meme coin while supporting Sci-hub's operations.
Supporters' Views
Opponents have their viewpoints, but many in the community support 0xAA's actions, comparing the fundraising through memes and donating part of the tokens to a lottery model.
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