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.

katherinechampagne.com

That’s an extremely funny theory to me. Oh gosh lolololol 

Makes sense too

BTC bag bias

BTC maxis are in shambles (only group more in shambles are Ethereans)

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

Because he wasn’t privy to an insider allocation