As a society, I believe we should optimize for two things:

1. Stability: We want an environment where people and ventures can make long-term plans with confidence.

2. Wider allocation of wins: We want "more people get lots of little wins" instead of "fewer people get a rare big win"

When people are upset about crypto casinos, they're actually upset about three things: Extractive high-churn short-duration games.

Extractive because the house walks away with $500M+ in profits regardless of the outcome, high churn because almost everyone loses dramatically, short duration because it happens on a timescale of minutes to days.

It is the polar opposite of this:

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

Agree, but I think calling it a casino gives it too much credit, at least the rules are clear at a casino, the pvp makes it a bit different too

It's high stakes musical chairs imo

Rollerblader, techie, highly asynchronous, 439, humanist, free🎉, as the world t/b urns 😅🤷‍♀️, TBC(?) 👋💚

Yea fair, was hesitant to use the term casino but that's what a lot of people call it. 🙃

Full-stack digital product consultant @ BoundCorp.net - eng @daylight

mostly agree, but i do think it's very murky and we're still discovering the boundaries of memecoins (maybe there's something else downstream?).

end of the day, it's kinda like begging "ethereum needs to be more friendly to abusive payday loan providers" or something... it doesn't discredit the premise of loans, but just because bad actors are amazing at pulling in victims it does not mean that we should optimize for more bad actors.

when i see it, i like to remind people that, in addition to being regulated, transparent, and manipulation-resistant (pvp collusion is against the rules and actively policed), casinos are also required to put out gambling addiction support materials

and while everyone knows that a casino is a "bad deal" (eg the house always wins), memecoin launchers are actively pushing the idea that if you lose, it's an unforced player error, not due an overall rigged game