In 2018/2019 Rainbow wallet emerged as the builders’ darling because its UX was 10x better than that of Metamask. Builders pushed Rainbow because it promised to bring more consumers to dapps. Since then builders have helped Rainbow to grow.

But Rainbow is turning out to be builder unaligned. What have they contributed to the ecosystem versus what have they extracted?

There is now an entire screen on Rainbow dedicated to illegally launching memecoins in the EU. Rainbow in Germany is available for 5 year olds. Forward looking, why as a builder would I want to build on Rainbow?

Casinos are clearly for 18+. Why would I chose a casino as a gateway to my news website? It feels really icky.

It‘s arguably more likely now that Rainbow is going to be regulated similar to a virtual slot machine, not an app browser. And that sucks

Founder /kiwi-news, a decentralized Hacker News

Rainbow‘s memecoin feature is not Angellist. It‘s intention clearly is casino-style memecoin gambling. Let‘s duck type Rainbow wallet then. It‘s not a dapp browser, it‘s a virtual slot machine

don‘t want to gamble, just want to build good apps

Agree, but builders wanna gamble too, right? Or some of them. 
Is not Rainbow going were developers want? too much into the new fever? I am ok with temporary fevers although i am not really aligned with Rainbow or any other wallet-web2onboardinggambling-business