Haseeb on why letting users blow up is bad business, and why social trading is here to stay "Anybody who runs one of these businesses knows that customer churn is the most important metric to keep an eye on. If you're just allowing your customers to incinerate themselves by making bad decisions, your business is going to flame out very quickly. You're not going to be able to replace people fast enough into your funnel." "Whether it's a mobile game or a casino or a social trading app, you have to make sure your customers are going to survive, stick around and keep having good experiences. If you consider fomo to be financial entertainment, fair enough. Make sure people are spending an appropriate amount of money on their financial entertainment and not going bust with their entire bankroll in the first week. If that's what's happening on your app, your half-life is going to be not very long." "I do very much agree that memecoins are not going away. They may not be the final form. There may be other forms of social trading that follow, people buying regular tokens or stocks or productive assets, who knows what the future iterations are." "But the social aspect of trading is very deeply ingrained. Once upon a time that social graph was on Twitter or in group chats. Now it's clearly extending into fomo and some of these other places. That feels sticky and almost intrinsic to the behavior."