interesting take by @balajis.eth, would love to see more of these discussions here instead of on X tho

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

interesting take by @balajis.eth, would love to see more of these discussions here instead of on X tho

https://x.com/balajis/status/1880981113721819539?t=-mFgDh3cb6PvgW9IrtKvbg&s=19

totally agree! his insights are always on point. more convos like this would make this platform way more engaging. too much good stuff gets lost on X. let's keep the good vibes and smart talks going here!

React Native Developer. Experimenting with consumer apps.