exactly- you don't get to a polished city without the hypergambling casinos first.
underrated book by Aaron Brown called The Poker Face of Wall Street gets at the heart of the matter:
gambling isn't some separate activity outside of capitalism. it's one of the essential forms of price discovery, capital formation, liquidity, risk transfer, and social coordination in frontier markets.
memecoins are like the casino on the riverboat. they bring the early crowd, the liquidity, the attention, the degens, the builders, and eventually the "real economy" is built and hardened around them.
vegas needed the casinos before it got all the fancy hotels, restaurants, major conferences, and the sphere.
crypto needed to hypergamble on attention before perps, neobanks, onchain credit, payments, decentralized rails, and other consumer apps could fully materialize.