Former Coinbase CTO Balaji Srinivasan criticized memecoins, calling them a “zero-sum lottery” that doesn't create wealth. Users were asked to invest only what they can afford to lose for Coinbase's former chief technology officer Balaji Srinivasan who criticized memecoins, saying they are a “zero-sum lottery”. He argues that these coins do not create any wealth, and buyers often lose everything (…)
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