Why has Balaji been on this slow your roll tip all morning lol

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

Why has Balaji been on this slow your roll tip all morning lol https://x.com/balajis/status/1880981113721819539

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

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