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Andreessen Horowitz CTO Compares Meme Coins to ‘Risky Casinos’ – Here’s What You Need to Know
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Andreessen Horowitz CTO Eddy Lazzarin likened meme coins to ‘Risky Casinos’ on April 25, arguing that they deterred genuine builders from the crypto ecosystem due to the high risk involved.
Lazzarin posted to X, stating that meme coins hinder the long-term vision of cryptocurrency, which has kept many of the original builders in the space.
Interest in memecoins will come and go, and I'm optimistic that real products/protocols will develop in the end.
But we shouldn't pretend that the casino doesn't set us back. Deterring great founders and giving ammo to politicized regulators has a profound effect. https://t.co/PZNjnSLqfb
— Eddy Lazzarin
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