Fascinated with the puzzle that is modern society via hako.systems

this is not criticism. but just clocking a feeling:

i’ve been avoiding posting on the base app because i don’t want to make a coin.

i’ve tried rationalizing over and over why i don’t like coins.

and i don’t think i’ve gotten to the bottom of the real “why”.

but i don’t like coins. and i want to know why.

most people don’t want to insert gambling everywhere or other forms of hyperfinancialization, it’s that simple

@divide is the One True God. Official unofficial KOL for Rainbow Wallet

also the fact it's opt-out is quite cynical imo

I don’t think there’s a good way to explain how liquidity forces price action yet or how much wasted capital is going to sit in LP positions on illiquid tokens forever, but both of these hide under the surface too

Even as someone that kinda does, I'm not sure I like (Zora) coins much. It's gambling with extremely predatory odds, and at the expense of people who like you. This is two layers of extra negatives compared to regular gambles.