The only place I've heard the word "degen" myself was on Letterkenny, where it was novel, sounded kinda funny, and could sometimes be used in a progressive-seeming way ("homophobists are degens"). But it's essentially and irredeemably a fascist insult.
Olivia Just Wants Tech To Be Fun AgainSo...the young folks end up using those pepe memes, the wojack memes, and some of the words like "degen" that have popped up. Hell, some of the older streamers have started to do that too! So its fine, right?