Former Coinbase CTO Balaji Srinivasan criticized memecoins, calling them a “zero-sum lottery” that creates no wealth. Users Told to Invest Only What They Can Afford to Lose Former Coinbase chief technology officer Balaji Srinivasan has criticized memecoins, calling them a “zero-sum lottery.” He argues that these coins create no wealth, and buyers often lose everything […]
Source: https://news.bitcoin.com/former-coinbase-cto-balaji-srinivasan-rails-against-memecoins-calls-them-zero-sum-lottery/
Former Coinbase CTO Balaji Srinivasan Rails Against Memecoins, Calls Them ‘Zero-Sum Lottery’
