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Coinbase's former CTO on TRUMP: Meme Coins Are a Zero-Sum Lottery, and the Final Buyer Will Lose Everything
2025-01-20 10:41
BlockBeats News, January 20th: Former Coinbase CTO Balaji Srinivasan stated on social media that meme coins are a zero-sum game lottery that does not create wealth. Each buy order is only matched with a sell order. After the initial pump, the price will eventually crash, and the final buyer will lose everything. Considering the platform's transaction fees, meme coins are actually negative-sum.
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2025-02-05 13:04
2025-02-05 20:04
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