not really into memecoins and gambling being the killer app this cycle tbh

Incredible read about how mobile gambling apps are ravaging Brazil. 20% of a recent social assistance program have been spent on gambling, with some bettors taking out credit at rates exceeding 400% https://t.co/CnTHnzQXY4 https://t.co/euyXNkIqWY

Joe Weisenthal

not really into memecoins and gambling being the killer app this cycle tbh

https://x.com/TheStalwart/status/1856676464193617943

Founder, designer, & product guy at /basepaint and /eigenlayer

it's emergent behavior across the board, so not uniquely crypto sin.

that said, whatever pretense we have for the future of X is exponentially harder to justify when the only killer use case you've discovered after $100B in VC investment is accelerating the casino-ification of people's daily lives.

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

Isn't this always been the killer use-case for entry level people? I suppose it's just highlighted since we're entering a bull run?

But yeah I agree, gambling/lotteries are a tax on the simple/poor and I'm not a fan