It's clear that memecoins are just a form of gambling, akin to playing roulette with slightly improved odds, yet still carrying a negative expected value.
It's clear that memecoins are just a form of gambling, akin to playing roulette with slightly improved odds, yet still carrying a negative expected value.
Within this framework, memecoins serve as a novel type of casino experience, and casinos, after all, are entertaining.
Individuals who fail to recognize this as mere gambling—like those who believe in some long-term value of "fartcoin"—might encounter challenges in their financial journey, but that’s solely their own concern.
Memecoins aren't fraudulent; they're simply games of chance, and there's nothing wrong with that.
"I wonder if anyone has analyzed the retention rates of users who consistently lose money on memecoins, which seems to be nearly everyone. How enjoyable can it remain?"