https://x.com/crypto__kermit/status/1858852191638892664?s=46

🌶️ I don't think memecoin traders are in it for a "profit" any more than lottery ticket buyers are. They're spending money to chase the thrilling idea that their life might change not by a little bit, but by a lot.

Looked at this way memecoins are just products. People are fine w spending money to use products?

building /bracket | hosting /greatbooks + /gray | ex-BCG, ex-PHD | poli + phil + econ

🌶️ this is not new/also the pitch for casinos

Launching Farcaster community client for Noun
Past: AI and crypto rubinovitz.com

I grew up with several family members aggressively courted by Atlantic City to gamble.

They thought the casinos were their friends since they’d send them free rooms, concert tickets, dinners.

I love that we have permissionless systems that let us build whatever we want, but I don’t buy that memecoin trading is different than casinos.

Has a real dark side

https://warpcast.com/rubinovitz/0x044c2fb1

Probably is. Wonder why we dont we hear it much publicly?

To me it feels like a reasonable position.