brypto

This is a great thread by @balajis.eth  (wish he posted it here). Curious if any of the Solana leadership/influencers/devs have bothered to even mention the tokenomics of $TRUMP and it's implications, or are they too caught up in the euphoria?

A memecoin is a zero-sum* lottery.

There is no wealth creation. Every buy order is simply matched by a sell order. And after an initial spike, the price eventually crashes and the last buyers lose everything.

* It’s actually negative sum if the platform takes a cut.

Balaji

Author of The Network State.
Work with me: jobs.ns.com

This is a great thread by @balajis.eth  (wish he posted it here). Curious if any of the Solana leadership/influencers/devs have bothered to even mention the tokenomics of $TRUMP and it's implications, or are they too caught up in the euphoria?

https://x.com/balajis/status/1880981113721819539

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

but wealth creation of the exact same kind when he has allo is totally fine

Coinbase employee (Investigatooor), personal account. Onchain is the future.